XML 21 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
Intangible assets amortization $ 11,185 $ 9,839 $ 11,126
Interest income      
Loans and leases, including fees 458,742 385,535 431,657
Investment securities      
Taxable 102,314 79,212 73,789
Tax-exempt 18,466 18,323 19,242
Total interest on investment securities 120,780 97,535 93,031
Other earning assets 5,484 147 275
Total interest income 585,006 483,217 524,963
Interest expense      
Deposits 28,140 14,435 41,922
Short-term borrowings 19,132 198 6,442
Long-term borrowings 18,591 16,466 20,088
Total interest expense 65,863 31,099 68,452
Net interest income 519,143 452,118 456,511
Provision for loan and lease losses 6,731 (19,024) 70,796
Provision for Other Credit Losses 4,982 903 (237)
Net interest income after provision for credit losses 507,430 470,239 385,952
Noninterest income      
Service charges on deposit accounts 28,062 31,876 29,446
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 23,506 23,780 21,286
Bankcard income 14,380 14,300 11,726
Client derivative fees 5,441 7,927 10,313
Foreign exchange income 54,965 44,793 39,377
Net gain from sales of loans 15,048 33,021 51,176
Net gain (loss) on sales/transfers of investment securities (569) (759) 4,563
Equity Securities, FV-NI, Unrealized Gain (Loss) (639) 702 9,045
Other 17,873 15,866 12,191
Total noninterest income 189,641 171,506 189,123
Noninterest expenses      
Salaries and employee benefits 269,368 245,924 236,779
Net occupancy 22,208 22,142 23,266
Furniture and equipment 13,224 13,819 14,968
Data processing 33,662 31,363 27,514
Marketing 8,744 7,983 6,414
Communication 2,683 2,930 3,492
Professional services 9,734 11,676 9,961
Gain (Loss) on Extinguishment of Debt 0 0 7,257
State intangible tax 4,285 4,256 6,058
FDIC assessments 7,194 5,630 5,110
Other 52,699 45,250 38,719
Total noninterest expenses 455,349 400,812 390,664
Income before income taxes 241,722 240,933 184,411
Income tax expense 24,110 35,773 28,601
Net income $ 217,612 $ 205,160 $ 155,810
Earnings per common share      
Basic $ 2.33 $ 2.16 $ 1.60
Diluted $ 2.30 $ 2.14 $ 1.59
Average common shares outstanding - basic 93,528,712 95,034,690 97,363,952
Average common shares outstanding - diluted 94,586,851 95,897,385 98,093,098
Operating Lease, Lease Income $ 31,574 $ 0 $ 0
Operating Lease, Expense $ 20,363 $ 0 $ 0