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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest Income        
Interest and Fees on Loans and Leases $ 166,286 $ 151,245 $ 488,830 $ 432,287
Income on Investment Securities        
Available-for-Sale 23,257 23,552 66,482 70,746
Held-to-Maturity 21,107 22,838 64,838 70,161
Deposits 29 18 84 63
Funds Sold 8,951 12,828 21,192 22,589
Other 1,018 1,464 3,108 4,182
Total Interest Income 220,648 211,945 644,534 600,028
Interest Expense        
Deposits 96,067 72,153 276,665 163,726
Securities Sold Under Agreements to Repurchase 993 4,034 3,616 14,847
Funds Purchased     44 888
Short-Term Borrowings       5,713
Other Debt 5,970 14,821 17,807 33,614
Total Interest Expense 103,030 91,008 298,132 218,788
Net Interest Income 117,618 120,937 346,402 381,240
Provision for Credit Losses 3,000 2,000 7,400 6,500
Net Interest Income After Provision for Credit Losses 114,618 118,937 339,002 374,740
Noninterest Income        
Fees, Exchange, and Other Service Charges 14,945 13,824 42,837 41,782
Trust and Asset Management 11,916 10,548 35,328 32,453
Service Charges on Deposit Accounts 8,075 7,843 23,752 23,167
Bank-Owned Life Insurance 3,533 2,749 10,285 8,467
Annuity and Insurance 1,460 1,156 4,089 3,465
Mortgage Banking 1,188 1,059 3,167 3,239
Investment Securities Losses, Net (1,103) (6,734) (4,201) (9,836)
Other 5,096 19,889 14,225 31,589
Total Noninterest Income 45,110 50,334 129,482 134,326
Noninterest Expense        
Salaries and Benefits 58,626 58,825 173,874 180,088
Net Occupancy 10,806 10,327 31,821 30,190
Net Equipment 10,120 9,477 30,578 30,425
Professional Fees 4,725 3,846 14,331 12,380
Data Processing 4,712 4,706 14,227 13,888
FDIC Insurance 3,355 3,361 14,139 9,768
Other 14,748 15,059 43,207 44,817
Total Noninterest Expense 107,092 105,601 322,177 321,556
Income Before Provision for Income Taxes 52,636 63,670 146,307 187,510
Provision for Income Taxes 12,278 15,767 35,475 46,704
Net Income 40,358 47,903 110,832 140,806
Preferred Stock Dividends 3,436 1,969 7,375 5,908
Net Income Available to Common Shareholders $ 36,922 $ 45,934 $ 103,457 $ 134,898
Basic Earnings Per Common Share $ 0.94 $ 1.17 $ 2.62 $ 3.44
Diluted Earnings Per Common Share 0.93 1.17 2.61 3.42
Dividends Declared Per Common Share $ 0.7 $ 0.7 $ 2.1 $ 2.1
Basic Weighted Average Common Shares 39,488,187 39,274,626 39,429,815 39,264,450
Diluted Weighted Average Common Shares 39,736,492 39,420,531 39,654,705 39,392,433