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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income        
Interest and fees on loans $ 720,282 $ 770,964 $ 1,423,891 $ 1,542,517
Interest and dividends on investment securities:        
Taxable 67,164 40,460 131,062 76,257
Tax-exempt 4,681 4,799 9,383 9,595
Dividends 5,528 6,341 11,192 13,169
Interest on federal funds sold and other short-term investments 7,357 10,902 14,236 20,584
Total interest income 805,012 833,466 1,589,764 1,662,122
Interest on deposits:        
Savings, NOW and money market 203,390 231,597 403,611 464,103
Time 129,324 160,442 254,393 311,507
Interest on short-term borrowings 1,736 691 4,682 21,303
Interest on long-term borrowings and junior subordinated debentures 38,154 39,051 74,565 69,976
Total interest expense 372,604 431,781 737,251 866,889
Net Interest Income 432,408 401,685 852,513 795,233
Provision (credit) for credit losses for available for sale and held to maturity securities 4 (41) (10) (115)
Provision for credit losses for loans 37,795 82,111 100,470 127,385
Net Interest Income After Provision for Credit Losses 394,609 319,615 752,053 667,963
Non-Interest Income        
Insurance commissions 3,430 3,958 6,832 6,209
Capital markets 9,767 7,779 16,707 13,449
(Losses) gains on securities transactions, net (1) 3 45 52
Fees from loan servicing 3,671 2,691 6,886 5,879
Gains on sales of loans, net 2,025 884 4,222 2,502
Bank owned life insurance 6,019 4,545 10,796 7,780
Other 8,932 7,005 18,892 23,230
Total non-interest income 62,604 51,213 120,898 112,628
Non-Interest Expense        
Salary and employee benefits expense 145,422 140,815 288,040 282,646
Net occupancy expense 25,483 24,252 51,371 48,575
Technology, furniture and equipment expense 30,667 35,203 60,563 70,665
FDIC insurance assessment 12,192 14,446 25,059 32,682
Amortization of other intangible assets 7,427 8,568 15,446 17,980
Professional and legal fees 19,970 17,938 35,640 34,403
Loss on extinguishment of debt 922 0 922 0
Amortization of tax credit investments 9,134 5,791 18,454 11,353
Other 32,905 30,484 65,245 59,503
Total non-interest expense 284,122 277,497 560,740 557,807
Income Before Income Taxes 173,091 93,331 312,211 222,784
Income tax expense 39,924 22,907 72,986 56,080
Net Income 133,167 70,424 239,225 166,704
Dividends on preferred stock 6,948 4,108 13,903 8,227
Net Income Available to Common Shareholders $ 126,219 $ 66,316 $ 225,322 $ 158,477
Earnings Per Common Share:        
Basic (usd per share) $ 0.23 $ 0.13 $ 0.40 $ 0.31
Diluted (usd per share) $ 0.22 $ 0.13 $ 0.40 $ 0.31
Wealth management and trust fees        
Non-Interest Income        
Revenue from contracts with customer $ 14,056 $ 13,136 $ 29,087 $ 31,066
Service charges on deposit accounts        
Non-Interest Income        
Revenue from contracts with customer $ 14,705 $ 11,212 $ 27,431 $ 22,461