XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Loans, including fees $ 341,456 $ 207,163 $ 656,057 $ 399,913
Loans held for sale 365 443 660 1,134
Securities-taxable 47,501 39,015 95,147 76,179
Securities-tax exempt 4,728 4,718 9,449 9,373
Short-term investments 11,223 3,525 16,563 5,051
Total interest income 405,273 254,864 777,876 491,650
Interest expense:        
Deposits 102,535 5,051 166,986 8,829
Short-term borrowings 25,733 959 45,796 2,378
Long-term debt 3,094 3,122 6,189 6,248
Total interest expense 131,362 9,132 218,971 17,455
Net interest income 273,911 245,732 558,905 474,195
Provision for credit losses 7,633 (9,761) 13,653 (32,288)
Net interest income after provision for credit losses 266,278 255,493 545,252 506,483
Noninterest income:        
Securities transactions, net       (87)
Other income 12,819 14,988 24,037 29,985
Total noninterest income 83,225 85,653 163,555 169,085
Noninterest expense:        
Compensation expense 94,121 94,155 186,524 180,148
Employee benefits 20,743 21,015 43,663 42,418
Personnel expense 114,864 115,170 230,187 222,566
Net occupancy expense 12,707 12,225 24,913 23,905
Equipment expense 5,043 4,703 9,779 9,570
Data processing expense 29,562 26,169 57,744 50,408
Professional services expense 8,915 8,423 18,046 16,216
Amortization of intangible assets 2,957 3,586 6,071 7,334
Deposit insurance and regulatory fees 6,463 3,503 12,383 7,243
Other real estate and foreclosed assets expense (income), net (282) (88) (127) (1,852)
Other expense 21,909 13,406 44,026 31,646
Total noninterest expense 202,138 187,097 403,022 367,036
Income before income taxes 147,365 154,049 305,785 308,532
Income taxes expense 29,571 32,614 61,524 63,619
Net income $ 117,794 $ 121,435 $ 244,261 $ 244,913
Earnings per common share-basic $ 1.35 $ 1.39 $ 2.81 $ 2.79
Earnings per common share-diluted 1.35 1.38 2.80 2.78
Dividends paid per share $ 0.30 $ 0.27 $ 0.60 $ 0.54
Weighted average shares outstanding-basic 86,096 86,067 86,057 86,362
Weighted average shares outstanding-diluted 86,370 86,354 86,350 86,654
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 21,491 $ 20,495 $ 42,113 $ 42,169
Trust fees        
Noninterest income:        
Service charges on deposit accounts 17,393 17,309 34,127 32,588
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 20,982 21,870 41,703 42,266
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 8,241 8,001 17,108 15,428
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 2,299 $ 2,990 $ 4,467 $ 6,736