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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Interest and fees on loans $ 771,553 $ 655,226
Interest and dividends on investment securities:    
Taxable 35,797 32,289
Tax-exempt 4,796 5,325
Dividends 6,828 5,185
Interest on federal funds sold and other short-term investments 9,682 22,205
Total interest income 828,656 720,230
Interest on deposits:    
Savings, NOW and money market 232,506 150,766
Time 151,065 80,298
Interest on short-term borrowings 20,612 33,948
Interest on long-term borrowings and junior subordinated debentures 30,925 19,198
Total interest expense 435,108 284,210
Net Interest Income 393,548 436,020
(Credit) provision for credit losses for available for sale and held to maturity securities (74) 4,987
Provision for credit losses for loans 45,274 9,450
Net Interest Income After Provision for Credit Losses 348,348 421,583
Non-Interest Income    
Insurance commissions 2,251 2,420
Capital markets 5,670 10,892
Gains on securities transactions, net 49 378
Fees from loan servicing 3,188 2,671
Gains on sales of loans, net 1,618 489
Gains on sales of assets, net 3,694 124
Bank owned life insurance 3,235 2,584
Other 12,531 14,678
Total non-interest income 61,415 54,299
Non-Interest Expense    
Salary and employee benefits expense 141,831 144,986
Net occupancy expense 24,323 23,256
Technology, furniture and equipment expense 35,462 36,508
FDIC insurance assessment 18,236 9,155
Amortization of other intangible assets 9,412 10,519
Professional and legal fees 16,465 16,814
Amortization of tax credit investments 5,562 4,253
Other 29,019 26,675
Total non-interest expense 280,310 272,166
Income Before Income Taxes 129,453 203,716
Income tax expense 33,173 57,165
Net Income 96,280 146,551
Dividends on preferred stock 4,119 3,874
Net Income Available to Common Shareholders $ 92,161 $ 142,677
Earnings Per Common Share:    
Basic (usd per share) $ 0.18 $ 0.28
Diluted (usd per share) $ 0.18 $ 0.28
Wealth management and trust fees    
Non-Interest Income    
Revenue from contracts with customer $ 17,930 $ 9,587
Service charges on deposit accounts    
Non-Interest Income    
Revenue from contracts with customer $ 11,249 $ 10,476