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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans, including fees $ 248,895 $ 204,102 $ 648,808 $ 626,881
Loans held for sale 398 635 1,532 1,954
Securities-taxable 43,860 33,936 120,039 98,287
Securities-tax exempt 4,743 4,724 14,116 14,269
Short-term investments 1,841 1,020 6,892 2,111
Total interest income 299,737 244,417 791,387 743,502
Interest expense:        
Deposits 13,580 5,090 22,409 21,381
Short-term borrowings 2,749 1,470 5,127 4,558
Long-term debt 3,101 3,148 9,349 13,624
Total interest expense 19,430 9,708 36,885 39,563
Net interest income 280,307 234,709 754,502 703,939
Provision for credit losses 1,402 (26,955) (30,886) (49,095)
Net interest income after provision for credit losses 278,905 261,664 785,388 753,034
Noninterest income:        
Securities transactions, net     (87) 333
Other income 14,829 22,189 44,814 55,722
Total noninterest income 85,337 93,361 254,422 274,722
Noninterest expense:        
Compensation expense 98,985 92,601 279,133 289,034
Employee benefits 19,937 19,377 62,355 85,213
Personnel expense 118,922 111,978 341,488 374,247
Net occupancy expense 12,411 11,974 36,316 37,839
Equipment expense 4,527 4,894 14,097 14,067
Data processing expense 26,768 24,766 77,176 71,598
Professional services expense 9,679 12,748 25,895 37,472
Amortization of intangible assets 3,428 4,082 10,762 12,746
Deposit insurance and regulatory fees 3,596 3,680 10,839 10,042
Other real estate and foreclosed assets income, net (1,782) (376) (3,634) (456)
Other expense 15,953 20,957 47,599 66,990
Total noninterest expense 193,502 194,703 560,538 624,545
Income before income taxes 170,740 160,322 479,272 403,211
Income taxes expense 35,351 30,740 98,970 77,739
Net income $ 135,389 $ 129,582 $ 380,302 $ 325,472
Earnings per common share-basic $ 1.56 $ 1.46 $ 4.35 $ 3.67
Earnings per common share-diluted 1.55 1.46 4.33 3.67
Dividends paid per share $ 0.27 $ 0.27 $ 0.81 $ 0.81
Weighted average shares outstanding-basic 85,706 86,834 86,141 86,800
Weighted average shares outstanding-diluted 86,020 87,006 86,439 86,951
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 23,272 $ 21,159 $ 65,441 $ 59,686
Trust fees        
Noninterest income:        
Service charges on deposit accounts 16,048 16,041 48,636 47,351
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 21,412 19,833 63,678 58,436
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 6,492 7,167 21,920 21,956
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 3,284 $ 6,972 $ 10,020 $ 31,238