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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest Income        
Interest and fees on loans $ 733,191 $ 786,680 $ 2,157,082 $ 2,329,197
Interest and dividends on investment securities:        
Taxable 70,211 49,700 201,273 125,957
Tax-exempt 4,611 4,855 13,994 14,450
Dividends 4,891 5,929 16,083 19,098
Interest on federal funds sold and other short-term investments 14,019 13,385 28,255 33,969
Total interest income 826,923 860,549 2,416,687 2,522,671
Interest on deposits:        
Savings, NOW and money market 210,921 235,371 614,532 699,474
Time 133,108 174,741 387,501 486,248
Interest on short-term borrowings 555 451 5,237 21,754
Interest on long-term borrowings and junior subordinated debentures 36,115 39,488 110,680 109,464
Total interest expense 380,699 450,051 1,117,950 1,316,940
Net Interest Income 446,224 410,498 1,298,737 1,205,731
Provision (credit) for credit losses for available for sale and held to maturity securities 0 (14) (10) (129)
Provision for credit losses for loans 19,171 75,038 119,641 202,423
Net Interest Income After Provision for Credit Losses 427,053 335,474 1,179,106 1,003,437
Non-Interest Income        
Insurance commissions 2,914 2,880 9,746 9,089
Capital markets 9,814 6,347 26,521 19,796
Gains on securities transactions, net 28 47 73 99
Fees from loan servicing 3,405 3,443 10,291 9,322
Gains (losses) on sales of loans, net 740 (3,644) 4,962 (1,142)
Bank owned life insurance 4,657 5,387 15,453 13,167
Other 10,431 18,260 29,323 41,490
Total non-interest income 64,887 60,671 185,785 173,299
Non-Interest Expense        
Salary and employee benefits expense 146,820 138,832 434,860 421,478
Net occupancy expense 24,865 26,973 76,236 75,548
Technology, furniture and equipment expense 30,708 28,962 91,271 99,627
FDIC insurance assessment 8,357 14,792 33,416 47,474
Amortization of other intangible assets 7,544 8,692 22,990 26,672
Professional and legal fees 24,261 14,118 59,901 48,521
Loss on extinguishment of debt 0 0 922 0
Amortization of tax credit investments 8,147 5,853 26,601 17,206
Other 31,283 31,249 96,528 90,752
Total non-interest expense 281,985 269,471 842,725 827,278
Income Before Income Taxes 209,955 126,674 522,166 349,458
Income tax expense 46,600 28,818 119,586 84,898
Net Income 163,355 97,856 402,580 264,560
Dividends on preferred stock 7,644 6,117 21,547 14,344
Net Income Available to Common Shareholders $ 155,711 $ 91,739 $ 381,033 $ 250,216
Earnings Per Common Share:        
Basic (usd per share) $ 0.28 $ 0.18 $ 0.68 $ 0.49
Diluted (usd per share) $ 0.28 $ 0.18 $ 0.68 $ 0.49
Wealth management and trust fees        
Non-Interest Income        
Revenue from contracts with customer $ 16,134 $ 15,125 $ 45,221 $ 46,191
Service charges on deposit accounts        
Non-Interest Income        
Revenue from contracts with customer $ 16,764 $ 12,826 $ 44,195 $ 35,287