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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Loans $ 2,626,058 $ 2,331,654 $ 1,876,166
Money market investments 352,195 366,625 118,080
Investment securities 695,010 547,028 471,665
Total interest income 3,673,263 3,245,307 2,465,911
Interest expense:      
Deposits 1,336,121 1,050,024 252,845
Short-term borrowings 4,676 7,329 5,737
Long-term debt 50,178 56,430 39,970
Total interest expense 1,390,975 1,113,783 298,552
Net interest income 2,282,288 2,131,524 2,167,359
Provision for credit losses 256,942 208,609 83,030
Net interest income after provision for credit losses 2,025,346 1,922,915 2,084,329
Mortgage banking activities 19,059 21,497 42,450
Net (loss) gain, including impairment on equity securities (1,583) 3,482 (7,334)
Net gain (loss) on trading account debt securities 1,445 1,382 (784)
Net gain (loss) on sale of loans, including valuation on loans held for sale 440 (115) 0
Adjustments to indemnity reserves on loans sold 1,266 2,319 919
Other operating income 97,706 100,243 370,592
Total non-interest income 658,909 650,724 897,062
Operating expenses:      
Personnel costs 820,451 778,045 719,764
Net occupancy expenses 111,430 111,586 106,169
Equipment expenses 33,424 37,057 35,626
Other taxes 66,046 55,926 63,603
Professional fees 125,822 161,142 172,043
Technology and software expenses 329,061 290,615 291,902
Processing and transactional services 142,677 138,070 127,145
Communications 18,899 16,664 14,885
Business promotion 101,930 94,926 88,918
FDIC Deposit insurance 54,626 105,985 26,787
Other real estate owned (OREO) income (18,124) (15,375) (22,143)
Other operating expenses 98,457 97,279 109,446
Amortization of intangibles 2,938 3,180 3,275
Goodwill impairment losses 0 23,000 9,000
Total operating expenses 1,887,637 1,898,100 1,746,420
Income before income tax 796,618 675,539 1,234,971
Income tax expense 182,406 134,197 132,330
Net Income 614,212 541,342 1,102,641
Net Income Applicable to Common Stock $ 612,800 $ 539,930 $ 1,101,229
Net Income per Common Share - Basic $ 8.56 $ 7.53 $ 14.65
Net Income per Common Share - Diluted $ 8.56 $ 7.52 $ 14.63
Service charges on deposit accounts      
Interest expense:      
Revenue from contract with customer $ 151,343 $ 147,476 $ 157,210
Other service fees      
Interest expense:      
Revenue from contract with customer $ 389,233 $ 374,440 $ 334,009