XML 30 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME      
Loans, including fees $ 758,609 $ 638,595 $ 656,077
Interest and Dividend Income, Securities, Operating 98,115 79,821 79,220
Loans held for sale 866 1,302 2,077
Other interest income 7,248 3,694 5,504
Total Interest Income 864,838 723,412 742,878
INTEREST EXPENSE      
Deposits 43,829 30,005 70,046
Interest Expense, Federal Funds Purchased 2,967 0 541
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-Term 7,334 2,286 12,913
Interest Expense, Subordinated Notes and Debentures 22,257 26,784 28,024
Interest Expense, Other Long-Term Debt 6,817 607 2,147
Total Interest Expense 83,204 59,682 113,671
Net Interest Income 781,634 663,730 629,207
Provision for credit losses 28,021 (14,600) 76,920
Net Interest Income After Provision for Credit Losses 753,613 678,330 552,287
NON-INTEREST INCOME      
Non-interest income before investment securities gains 227,157 240,229 226,335
Investment securities gains, net (27) 33,516 3,053
Total Non-Interest Income 227,130 273,745 229,388
NON-INTEREST EXPENSE      
Salaries and employee benefits 356,884 329,138 324,395
Data processing and software 60,255 56,440 48,073
Net occupancy 56,195 53,799 53,013
Other outside services 37,152 34,194 31,432
State taxes 15,113 18,793 12,613
Equipment 14,033 13,807 13,885
FDIC insurance 12,547 10,665 8,865
Professional fees 9,123 9,647 12,835
Marketing 6,885 5,275 5,127
Intangible amortization 1,731 589 529
Debt extinguishment 0 33,249 2,878
Merger-related expenses 10,328 0 0
Other 53,482 52,234 65,795
Total Non-Interest Expense 633,728 617,830 579,440
Income Before Income Taxes 347,015 334,245 202,235
Income taxes 60,034 58,748 24,195
Net Income 286,981 275,497 178,040
Preferred stock dividends (10,248) (10,277) (2,135)
Net Income Available to Common Shareholders $ 276,733 $ 265,220 $ 175,905
PER SHARE:      
Net income available to common shareholders (basic) (in dollars per share) $ 1.69 $ 1.63 $ 1.08
Net income available to common shareholders (diluted) (in dollars per share) 1.67 1.62 1.08
Cash Dividends (in dollars per share) $ 0.66 $ 0.64 $ 0.56
Commercial banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains $ 75,779 $ 68,689 $ 70,286
Consumer banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 49,496 45,544 41,598
Wealth management      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 72,843 71,798 59,058
Mortgage banking      
NON-INTEREST INCOME      
Non-interest income before investment securities gains 14,204 33,576 42,309
Other      
NON-INTEREST INCOME      
Non-interest income before investment securities gains $ 14,835 $ 20,622 $ 13,084