XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Interest and fees on loans $ 703,609 $ 771,553
Interest and dividends on investment securities:    
Taxable 63,898 35,797
Tax-exempt 4,702 4,796
Dividends 5,664 6,828
Interest on federal funds sold and other short-term investments 6,879 9,682
Total interest income 784,752 828,656
Interest on deposits:    
Savings, NOW and money market 200,221 232,506
Time 125,069 151,065
Interest on short-term borrowings 2,946 20,612
Interest on long-term borrowings and junior subordinated debentures 36,411 30,925
Total interest expense 364,647 435,108
Net Interest Income 420,105 393,548
(Credit) provision for credit losses for available for sale and held to maturity securities (14) (74)
Provision for credit losses for loans 62,675 45,274
Net Interest Income After Provision for Credit Losses 357,444 348,348
Non-Interest Income    
Insurance commissions 3,402 2,251
Capital markets 6,940 5,670
Gains on securities transactions, net 46 49
Fees from loan servicing 3,215 3,188
Gains on sales of loans, net 2,197 1,618
Gains on sales of assets, net 43 3,694
Bank owned life insurance 4,777 3,235
Other 9,917 12,531
Total non-interest income 58,294 61,415
Non-Interest Expense    
Salary and employee benefits expense 142,618 141,831
Net occupancy expense 25,888 24,323
Technology, furniture and equipment expense 29,896 35,462
FDIC insurance assessment 12,867 18,236
Amortization of other intangible assets 8,019 9,412
Professional and legal fees 15,670 16,465
Amortization of tax credit investments 9,320 5,562
Other 32,340 29,019
Total non-interest expense 276,618 280,310
Income Before Income Taxes 139,120 129,453
Income tax expense 33,062 33,173
Net Income 106,058 96,280
Dividends on preferred stock 6,955 4,119
Net Income Available to Common Shareholders $ 99,103 $ 92,161
Earnings Per Common Share:    
Basic (usd per share) $ 0.18 $ 0.18
Diluted (usd per share) $ 0.18 $ 0.18
Wealth management and trust fees    
Non-Interest Income    
Revenue from contracts with customer $ 15,031 $ 17,930
Service charges on deposit accounts    
Non-Interest Income    
Revenue from contracts with customer $ 12,726 $ 11,249