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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest Income        
Loans, including fees $ 284,690 $ 164,171 $ 545,341 $ 313,908
Investment securities 25,362 24,144 50,883 46,497
Other interest income 4,860 1,984 8,508 2,895
Total Interest Income 314,912 190,299 604,732 363,300
Interest Expense        
Deposits 69,799 5,796 111,420 11,401
Federal funds purchased 9,112 12 15,147 12
Federal Home Loan Bank advances 11,826 0 27,299 0
Senior debt and subordinated debt 5,344 5,468 10,689 11,426
Other borrowings and interest-bearing liabilities 5,979 192 11,738 320
Total Interest Expense 102,060 11,468 176,293 23,159
Net Interest Income 212,852 178,831 428,439 340,141
Provision for credit losses 9,747 1,500 34,291 (5,450)
Interest Income (Expense), after Provision for Loan Loss, Total 203,105 177,331 394,148 345,591
Non-Interest Income        
Non-interest income before investment securities gains 60,589 58,383 112,320 113,620
Net Securities Gain Loss (4) 8 19 27
Total Non-Interest Income 60,585 58,391 112,339 113,647
Non-Interest Expense        
Salaries and employee benefits 94,102 85,404 183,385 169,868
Data processing and software 16,776 14,685 32,571 29,000
Net occupancy 14,374 13,587 28,812 28,109
Other outside services 10,834 8,764 20,960 16,931
State taxes 3,939 3,568 7,418 6,605
Equipment 3,530 3,422 6,920 6,845
FDIC insurance 4,895 2,961 9,690 6,170
Professional fees 1,829 2,013 4,221 3,805
Marketing 1,655 1,326 3,541 2,646
Intangible amortization 1,072 177 1,746 353
Merger-related expenses 0 1,027 0 1,428
Other 15,012 12,796 28,372 23,948
Total Non-Interest Expense 168,018 149,730 327,636 295,708
Income Before Income Taxes 95,672 85,992 178,851 163,530
Income taxes 16,065 16,003 30,931 29,253
Net Income 79,607 69,989 147,920 134,277
Preferred stock dividends (2,562) (2,562) (5,124) (5,124)
Net Income Available to Common Shareholders $ 77,045 $ 67,427 $ 142,796 $ 129,153
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.46 $ 0.42 $ 0.86 $ 0.80
Net Income (Diluted) (in dollars per share) 0.46 0.42 0.85 0.80
Cash Dividends (in dollars per share) $ 0.16 $ 0.15 $ 0.31 $ 0.30
Commercial banking        
Non-Interest Income        
Non-interest income before investment securities gains $ 23,145 $ 20,359 $ 40,658 $ 36,367
Consumer banking        
Non-Interest Income        
Non-interest income before investment securities gains 11,720 12,472 22,937 24,146
Wealth management        
Non-Interest Income        
Non-interest income before investment securities gains 18,678 18,274 36,740 37,702
Mortgage banking        
Non-Interest Income        
Non-interest income before investment securities gains 2,940 3,768 4,910 8,344
Other        
Non-Interest Income        
Non-interest income before investment securities gains $ 4,106 $ 3,510 $ 7,075 $ 7,061