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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans, including fees $ 369,990 $ 341,456 $ 733,283 $ 656,057
Loans held for sale 440 365 743 660
Securities-taxable 47,752 47,501 94,537 95,147
Securities-tax exempt 4,471 4,728 8,997 9,449
Short-term investments 4,892 11,223 11,669 16,563
Total interest income 427,545 405,273 849,229 777,876
Interest expense:        
Deposits 144,610 102,535 292,093 166,986
Short-term borrowings 9,441 25,733 14,407 45,796
Long-term debt 3,064 3,094 6,128 6,189
Total interest expense 157,115 131,362 312,628 218,971
Net interest income 270,430 273,911 536,601 558,905
Provision for credit losses 8,723 7,633 21,691 13,653
Net interest income after provision for credit losses 261,707 266,278 514,910 545,252
Noninterest income:        
Other income 13,264 12,819 26,442 24,037
Total noninterest income 89,174 83,225 177,025 163,555
Noninterest expense:        
Compensation expense 97,121 94,121 193,690 186,524
Employee benefits 21,605 20,743 46,193 43,663
Personnel expense 118,726 114,864 239,883 230,187
Net occupancy expense 13,158 12,707 26,553 24,913
Equipment expense 4,312 5,043 8,540 9,779
Data processing expense 31,371 29,562 60,108 57,744
Professional services expense 9,458 8,915 18,494 18,046
Amortization of intangible assets 2,389 2,957 4,915 6,071
Deposit insurance and regulatory fees 6,008 6,463 14,939 12,383
Other real estate and foreclosed assets income, net (1,099) (282) (1,295) (127)
Other expense 21,693 21,909 41,601 44,026
Total noninterest expense 206,016 202,138 413,738 403,022
Income before income taxes 144,865 147,365 278,197 305,785
Income taxes expense 30,308 29,571 55,028 61,524
Net income $ 114,557 $ 117,794 $ 223,169 $ 244,261
Earnings per common share-basic $ 1.31 $ 1.35 $ 2.56 $ 2.81
Earnings per common share-diluted 1.31 1.35 2.55 2.80
Dividends paid per share $ 0.40 $ 0.30 $ 0.70 $ 0.60
Weighted average shares outstanding-basic 86,510 86,096 86,515 86,057
Weighted average shares outstanding-diluted 86,765 86,370 86,768 86,350
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 22,275 $ 21,491 $ 44,514 $ 42,113
Trust fees        
Noninterest income:        
Service charges on deposit accounts 18,473 17,393 35,550 34,127
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 21,827 20,982 42,449 41,703
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 9,789 8,241 21,633 17,108
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 3,546 $ 2,299 $ 6,437 $ 4,467