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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans, including fees $ 201,840 $ 169,706
Investment securities    
Taxable 28,296 31,867
Tax-exempt 3,092 3,464
Total interest on investment securities 31,388 35,331
Other earning assets 7,458 3,544
Total interest income 240,686 208,581
Interest expense    
Deposits 76,075 31,456
Short-term borrowings 10,943 12,950
Long-term borrowings 4,928 4,857
Total interest expense 91,946 49,263
Net interest income 148,740 159,318
Provision for Credit Losses-loans and leases 13,419 8,644
Provision for credit losses-unfunded commitments (2,259) 1,835
Net interest income after provision for credit losses 137,580 148,839
Noninterest income    
Service Charges on Deposit Accounts 6,912 6,514
Wealth management fees 6,676 6,334
Bankcard income 3,142 3,592
Client derivative fees 1,250 1,005
Foreign exchange income 10,435 16,898
Operating Lease, Lease Income 14,589 13,664
Net gain from sales of loans 3,784 2,335
Net gain (loss) on sales of investment securities (5,277) (19)
Net gain (loss) on equity securities 90 140
Other 4,911 5,080
Total noninterest income 46,512 55,543
Noninterest expenses    
Salaries and employee benefits 74,037 72,254
Net occupancy 5,923 5,685
Furniture and equipment 3,688 3,317
Data processing 8,305 9,020
Marketing 1,962 2,160
Communication 795 634
Professional services 2,268 1,946
State intangible tax 877 985
FDIC assessments 2,780 2,826
Intangible assets amortization 2,301 2,600
Amortization of operating leases 9,754 7,938
Other 9,665 7,328
Total noninterest expenses 122,355 116,693
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 61,737 87,689
Income tax expense (benefit) 11,048 17,286
Net income $ 50,689 $ 70,403
Earnings per common share    
Basic $ 0.54 $ 0.75
Diluted $ 0.53 $ 0.74
Average common shares outstanding - basic 94,218,067 93,732,532
Average common shares outstanding - diluted 95,183,998 94,960,158