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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest Income        
Loans, including fees $ 373,247 $ 301,659 $ 1,037,160 $ 847,000
Investment securities 36,342 25,339 93,543 76,221
Other interest income 18,067 3,373 37,125 11,882
Total Interest Income 427,656 330,371 1,167,828 935,103
Interest Expense        
Deposits 145,324 84,156 379,985 195,576
Federal funds purchased 0 8,950 2,881 24,097
Federal Home Loan Bank advances 8,824 10,324 29,572 37,623
Senior debt and subordinated debt 5,299 5,344 15,904 16,033
Other borrowings and interest-bearing liabilities 10,200 7,755 32,820 19,493
Total Interest Expense 169,647 116,529 461,162 292,822
Net Interest Income 258,009 213,842 706,666 642,281
Provision for credit losses 11,929 9,937 54,910 44,228
Net Interest Income After Provision for Credit Losses 246,080 203,905 651,756 598,053
Non-Interest Income        
Non-interest income before investment securities gains 59,674 55,961 230,089 168,281
Gain on acquisition, net of tax (7,706) 0 39,685 0
Investment securities (losses) gains, net (1) 0 (20,283) 19
Total Non-Interest Income 59,673 55,961 209,806 168,300
Non-Interest Expense        
Salaries and employee benefits 118,824 96,757 324,935 280,142
Data processing and software 20,314 16,914 58,332 49,486
Net occupancy 18,999 14,561 52,942 43,373
Other outside services 15,839 12,094 46,055 33,054
FDIC insurance 5,109 4,738 17,909 14,427
Equipment 4,860 3,475 13,461 10,395
Professional fees 2,811 1,869 7,470 6,090
Marketing 2,251 1,913 6,263 5,454
Intangible amortization 6,287 601 11,548 2,347
Acquisition-related expenses 14,195 0 27,998 0
Other 16,600 18,098 36,263 53,888
Total Non-Interest Expense 226,089 171,020 603,176 498,656
Income Before Income Taxes 79,664 88,846 258,386 267,697
Income taxes 16,458 16,749 38,264 47,680
Net Income 63,206 72,097 220,122 220,017
Preferred stock dividends (2,562) (2,562) (7,686) (7,686)
Net Income Available to Common Shareholders $ 60,644 $ 69,535 $ 212,436 $ 212,331
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.33 $ 0.42 $ 1.23 $ 1.28
Net Income (Diluted) (in dollars per share) 0.33 0.42 1.21 1.27
Cash Dividends (in dollars per share) $ 0.17 $ 0.16 $ 0.51 $ 0.47
Wealth management        
Non-Interest Income        
Non-interest income before investment securities gains $ 21,596 $ 19,413 $ 62,741 $ 56,152
Commercial banking        
Non-Interest Income        
Non-interest income before investment securities gains 22,289 19,722 62,528 60,380
Consumer banking        
Non-Interest Income        
Non-interest income before investment securities gains 14,928 12,173 41,196 35,110
Mortgage banking        
Non-Interest Income        
Non-interest income before investment securities gains 3,142 3,190 10,183 8,100
Other        
Non-Interest Income        
Non-interest income before investment securities gains $ 5,425 $ 1,463 $ 13,756 $ 8,539