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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest Income      
Interest and fees on loans $ 3,079,864 $ 2,886,930 $ 1,828,477
Interest and dividends on investment securities:      
Taxable 181,940 130,708 105,716
Tax-exempt 19,253 20,305 17,958
Dividends 24,958 24,139 11,468
Interest on federal funds sold and other short-term investments 51,482 76,809 13,064
Total interest income 3,357,497 3,138,891 1,976,683
Interest on deposits:      
Savings, NOW and money market 913,963 739,025 186,709
Time 644,964 535,749 69,691
Interest on short-term borrowings 22,047 94,869 17,453
Interest on long-term borrowings and junior subordinated debentures 147,815 103,770 47,190
Total interest expense 1,728,789 1,473,413 321,043
Net Interest Income 1,628,708 1,665,478 1,655,640
(Credit) provision for credit losses for available for sale and held to maturity securities (558) 4,559 481
Provision for credit losses for loans 309,388 45,625 56,336
Net Interest Income After Provision for Credit Losses 1,319,878 1,615,294 1,598,823
Non-Interest Income      
Insurance commissions 12,794 11,116 11,975
Capital markets 27,221 41,489 52,362
Gains (losses) on securities transactions, net 100 1,104 (1,230)
Fees from loan servicing 12,393 10,670 11,273
(Losses) gains on sales of loans, net (5,840) 6,054 6,418
Gains on sales of assets, net 3,727 6,809 897
Bank owned life insurance 16,942 11,843 8,040
Other 46,272 51,180 45,419
Total non-interest income 224,501 225,729 206,793
Non-Interest Expense      
Salary and employee benefits expense 558,595 563,591 526,737
Net occupancy expense 102,124 101,470 94,352
Technology, furniture and equipment expense 135,109 150,708 161,752
FDIC insurance assessment 61,476 88,154 22,836
Amortization of other intangible assets 35,045 39,768 37,825
Professional and legal fees 70,315 80,567 82,618
Amortization of tax credit investments 18,946 18,009 12,407
Other 124,250 120,424 86,422
Total non-interest expense 1,105,860 1,162,691 1,024,949
Income Before Income Taxes 438,519 678,332 780,667
Income tax expense 58,248 179,821 211,816
Net Income 380,271 498,511 568,851
Dividends on preferred stock 21,369 16,135 13,146
Net Income Available to Common Shareholders $ 358,902 $ 482,376 $ 555,705
Earnings Per Common Share:      
Basic (in USD per share) $ 0.70 $ 0.95 $ 1.14
Diluted (in USD per share) $ 0.69 $ 0.95 $ 1.14
Wealth management and trust fees      
Non-Interest Income      
Service charges on deposit accounts $ 62,616 $ 44,158 $ 34,709
Service charges on deposit accounts      
Non-Interest Income      
Service charges on deposit accounts $ 48,276 $ 41,306 $ 36,930