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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans, including fees $ 369,349 $ 358,669 $ 1,102,632 $ 1,014,726
Loans held for sale 575 798 1,318 1,458
Securities-taxable 49,148 46,934 143,685 142,081
Securities-tax exempt 4,359 4,624 13,356 14,073
Short-term investments 6,045 4,802 17,714 21,365
Total interest income 429,476 415,827 1,278,705 1,193,703
Interest expense:        
Deposits 147,227 130,797 439,320 297,783
Short-term borrowings 7,421 12,732 21,828 58,528
Long-term debt 3,064 3,064 9,192 9,253
Total interest expense 157,712 146,593 470,340 365,564
Net interest income 271,764 269,234 808,365 828,139
Provision for credit losses 18,564 28,498 40,255 42,151
Net interest income after provision for credit losses 253,200 240,736 768,110 785,988
Noninterest income:        
Other income 18,829 15,433 45,271 39,470
Total noninterest income 95,895 85,974 272,920 249,529
Noninterest expense:        
Compensation expense 94,371 95,650 288,061 282,174
Employee benefits 21,400 20,616 67,593 64,279
Personnel expense 115,771 116,266 355,654 346,453
Net occupancy expense 13,438 13,434 39,991 38,347
Equipment expense 4,689 4,776 13,229 14,555
Data processing expense 31,124 29,822 91,232 87,566
Professional services expense 10,984 9,519 29,478 27,565
Amortization of intangible assets 2,292 2,813 7,207 8,884
Deposit insurance and regulatory fees 5,480 5,851 20,419 18,234
Other real estate and foreclosed assets income, net (411) (26) (1,706) (153)
Other expense 20,472 22,220 62,073 66,246
Total noninterest expense 203,839 204,675 617,577 607,697
Income before income taxes 145,256 122,035 423,453 427,820
Income taxes expense 29,684 24,297 84,712 85,821
Net income $ 115,572 $ 97,738 $ 338,741 $ 341,999
Earnings per common share-basic $ 1.33 $ 1.12 $ 3.89 $ 3.93
Earnings per common share-diluted 1.33 1.12 3.88 3.92
Dividends paid per share $ 0.40 $ 0.30 $ 1.10 $ 0.90
Weighted average shares outstanding-basic 86,234 86,131 86,421 86,082
Weighted average shares outstanding-diluted 86,560 86,437 86,650 86,368
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 23,144 $ 22,264 $ 67,658 $ 64,377
Trust fees        
Noninterest income:        
Service charges on deposit accounts 18,014 16,593 53,564 50,720
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 21,639 20,555 64,088 62,258
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 10,890 8,520 32,523 25,628
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 3,379 $ 2,609 $ 9,816 $ 7,076