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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Loans including fees:        
Taxable $ 658,508 $ 545,622 $ 1,174,274 $ 1,032,983
Nontaxable 16,590 13,243 26,767 26,345
Investment securities:        
Taxable 124,880 82,755 210,414 157,782
Nontaxable 10,192 10,732 20,299 21,238
Money market and other interest-earning investments 14,791 11,311 23,606 21,296
Total interest income 824,961 663,663 1,455,360 1,259,644
Interest Expense        
Deposits 240,088 215,806 430,583 401,245
Federal funds purchased and interbank borrowings 953 1,986 2,578 2,947
Securities sold under agreements to repurchase 636 639 1,187 1,556
Federal Home Loan Bank advances 59,042 44,643 100,938 85,810
Other borrowings 9,452 12,168 17,641 23,207
Total interest expense 310,171 275,242 552,927 514,765
Net interest income 514,790 388,421 902,433 744,879
Provision for credit losses 106,835 36,214 138,238 55,105
Net interest income after provision for credit losses 407,955 352,207 764,195 689,774
Noninterest Income        
Wealth and investment services fees 35,817 29,358 65,465 57,662
Service charges on deposit accounts 23,878 19,350 45,034 37,248
Debit card and ATM fees 12,922 10,993 22,913 21,047
Mortgage banking revenue 10,032 7,064 16,911 11,542
Capital markets income 7,114 4,729 11,620 7,629
Company-owned life insurance 6,625 5,739 12,006 9,173
Debt securities gains (losses), net (41) 2 (117) (14)
Other income 36,170 10,036 52,479 20,506
Total noninterest income 132,517 87,271 226,311 164,793
Noninterest Expense        
Salaries and employee benefits 202,112 159,193 350,417 308,996
Occupancy 30,432 26,547 59,485 53,566
Equipment 12,566 8,704 21,467 17,375
Marketing 13,759 11,284 25,699 21,918
Technology 31,452 24,002 53,472 44,025
Communication 5,014 4,480 9,148 8,480
Professional fees 21,931 10,552 29,850 16,958
FDIC assessment 13,409 9,676 23,109 20,989
Amortization of intangibles 19,630 7,425 26,460 12,880
Amortization of tax credit investments 5,815 2,747 9,239 5,496
Other expense 28,646 18,389 44,891 34,633
Total noninterest expense 384,766 282,999 653,237 545,316
Income before income taxes 155,706 156,479 337,269 309,251
Income tax expense 30,298 35,250 67,202 67,738
Net income 125,408 121,229 270,067 241,513
Preferred dividends (4,033) (4,033) (8,067) (8,067)
Net income applicable to common shareholders $ 121,375 $ 117,196 $ 262,000 $ 233,446
Net income per common share - basic (in dollars per share) $ 0.34 $ 0.37 $ 0.78 $ 0.77
Net income per common share - diluted (in dollars per share) $ 0.34 $ 0.37 $ 0.77 $ 0.77
Weighted average number of common shares outstanding - basic (in shares) 360,155 315,585 338,162 303,283
Weighted average number of common shares outstanding - diluted (in shares) 361,436 316,461 340,250 304,207
Dividends per common share (in dollars per share) $ 0.14 $ 0.14 $ 0.28 $ 0.28