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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income    
Interest and fees on loans $ 655,226 $ 317,365
Interest and dividends on investment securities:    
Taxable 32,289 18,439
Tax-exempt 5,325 2,517
Dividends 5,185 1,676
Interest on federal funds sold and other short-term investments 22,205 461
Total interest income 720,230 340,458
Interest on deposits:    
Savings, NOW and money market 150,766 9,627
Time 80,298 2,831
Interest on short-term borrowings 33,948 806
Interest on long-term borrowings and junior subordinated debentures 19,198 9,525
Total interest expense 284,210 22,789
Net Interest Income 436,020 317,669
Provision for credit losses for available for sale and held to maturity securities 4,987 57
Provision for credit losses for loans 9,450 3,500
Net Interest Income After Provision for Credit Losses 421,583 314,112
Non-Interest Income    
Insurance commissions 2,420 1,859
Capital markets 10,892 14,360
Gains (losses) on securities transactions, net 378 (1,072)
Fees from loan servicing 2,671 2,781
Gains on sales of loans, net 489 986
Bank owned life insurance 2,584 2,046
Other 14,802 6,967
Total non-interest income 54,299 39,270
Non-Interest Expense    
Salary and employee benefits expense 144,986 107,733
Net occupancy expense 23,256 21,991
Technology, furniture and equipment expense 36,508 26,015
FDIC insurance assessment 9,155 4,158
Amortization of other intangible assets 10,519 4,437
Professional and legal fees 16,814 14,749
Amortization of tax credit investments 4,253 2,896
Other 26,675 15,361
Total non-interest expense 272,166 197,340
Income Before Income Taxes 203,716 156,042
Income tax expense 57,165 39,314
Net Income 146,551 116,728
Dividends on preferred stock 3,874 3,172
Net Income Available to Common Shareholders $ 142,677 $ 113,556
Earnings Per Common Share:    
Basic (usd per share) $ 0.28 $ 0.27
Diluted (usd per share) $ 0.28 $ 0.27
Wealth management and trust fees    
Non-Interest Income    
Revenue from contracts with customer $ 9,587 $ 5,131
Service charges on deposit accounts    
Non-Interest Income    
Revenue from contracts with customer $ 10,476 $ 6,212