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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income:        
Loans, including fees $ 358,669 $ 248,895 $ 1,014,726 $ 648,808
Loans held for sale 798 398 1,458 1,532
Securities-taxable 46,934 43,860 142,081 120,039
Securities-tax exempt 4,624 4,743 14,073 14,116
Short-term investments 4,802 1,841 21,365 6,892
Total interest income 415,827 299,737 1,193,703 791,387
Interest expense:        
Deposits 130,797 13,580 297,783 22,409
Short-term borrowings 12,732 2,749 58,528 5,127
Long-term debt 3,064 3,101 9,253 9,349
Total interest expense 146,593 19,430 365,564 36,885
Net interest income 269,234 280,307 828,139 754,502
Provision for credit losses 28,498 1,402 42,151 (30,886)
Net interest income after provision for credit losses 240,736 278,905 785,988 785,388
Noninterest income:        
Securities transactions, net       (87)
Other income 15,433 14,829 39,470 44,814
Total noninterest income 85,974 85,337 249,529 254,422
Noninterest expense:        
Compensation expense 95,650 98,985 282,174 279,133
Employee benefits 20,616 19,937 64,279 62,355
Personnel expense 116,266 118,922 346,453 341,488
Net occupancy expense 13,434 12,411 38,347 36,316
Equipment expense 4,776 4,527 14,555 14,097
Data processing expense 29,822 26,768 87,566 77,176
Professional services expense 9,519 9,679 27,565 25,895
Amortization of intangible assets 2,813 3,428 8,884 10,762
Deposit insurance and regulatory fees 5,851 3,596 18,234 10,839
Other real estate and foreclosed assets expense (income), net (26) (1,782) (153) (3,634)
Other expense 22,220 15,953 66,246 47,599
Total noninterest expense 204,675 193,502 607,697 560,538
Income before income taxes 122,035 170,740 427,820 479,272
Income taxes expense 24,297 35,351 85,821 98,970
Net income $ 97,738 $ 135,389 $ 341,999 $ 380,302
Earnings per common share-basic $ 1.12 $ 1.56 $ 3.93 $ 4.35
Earnings per common share-diluted 1.12 1.55 3.92 4.33
Dividends paid per share $ 0.30 $ 0.27 $ 0.90 $ 0.81
Weighted average shares outstanding-basic 86,131 85,706 86,082 86,141
Weighted average shares outstanding-diluted 86,437 86,020 86,368 86,439
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 22,264 $ 23,272 $ 64,377 $ 65,441
Trust fees        
Noninterest income:        
Service charges on deposit accounts 16,593 16,048 50,720 48,636
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 20,555 21,412 62,258 63,678
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 8,520 6,492 25,628 21,920
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 2,609 $ 3,284 $ 7,076 $ 10,020