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Consolidated Statements of Income - USD ($)
shares 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 $ 419,355,000 $ 272,000,000 $ 812,720,000 $ 505,617,000
Investment securities:        
Taxable 41,254,000 38,948,000 82,819,000 69,068,000
Tax-exempt 5,586,000 6,076,000 12,144,000 9,951,000
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks 11,858,000 9,309,000 20,779,000 12,168,000
Total interest income 478,053,000 326,333,000 928,462,000 596,804,000
Interest expense:        
Deposits 100,787,000 4,914,000 156,729,000 9,506,000
Federal funds purchased and securities sold under agreements to repurchase 3,535,000 781,000 6,388,000 1,050,000
Corporate and subordinated debentures 5,823,000 4,823,000 11,558,000 8,916,000
Other borrowings 6,165,000   10,781,000  
Total interest expense 116,310,000 10,518,000 185,456,000 19,472,000
Net interest income 361,743,000 315,815,000 743,006,000 577,332,000
Provision for credit losses 38,389,000 19,286,000 71,480,000 10,837,000
Net interest income after provision for credit losses 323,354,000 296,529,000 671,526,000 566,495,000
Noninterest income:        
Securities gains, net   0 45,000 0
Other income 7,864,000 8,172,000 17,730,000 14,766,000
Total noninterest income 77,214,000 86,756,000 148,569,000 172,803,000
Noninterest expense:        
Salaries and employee benefits 147,342,000 137,037,000 291,402,000 274,710,000
Occupancy expense 22,196,000 22,759,000 43,729,000 44,599,000
Information services expense 21,119,000 19,947,000 41,044,000 39,140,000
OREO and loan related expense (recovery) (14,000) (3,000) 155,000 (241,000)
Amortization of intangibles 7,028,000 8,847,000 14,327,000 17,341,000
Supplies, printing and postage expense 2,554,000 2,400,000 5,194,000 4,589,000
Professional fees 4,364,000 4,331,000 8,066,000 8,080,000
FDIC assessment and other regulatory charges 9,819,000 5,332,000 16,113,000 10,144,000
Advertising and marketing 1,521,000 2,286,000 3,639,000 4,049,000
Merger, branch consolidation and severance related expense 1,808,000 5,390,000 11,220,000 15,666,000
Other expense 24,889,000 22,843,000 48,242,000 41,692,000
Total noninterest expense 242,626,000 231,169,000 483,131,000 459,769,000
Earnings:        
Income before provision for income taxes 157,942,000 152,116,000 336,964,000 279,529,000
Provision for income taxes 34,495,000 32,941,000 73,591,000 60,025,000
Net income $ 123,447,000 $ 119,175,000 $ 263,373,000 $ 219,504,000
Earnings per common share:        
Basic (in dollars per share) $ 1.62 $ 1.58 $ 3.47 $ 2.99
Diluted (in dollars per share) $ 1.62 $ 1.57 $ 3.45 $ 2.96
Weighted average common shares outstanding:        
Basic (in shares) 76,058 75,461 75,981 73,465
Diluted (in shares) 76,418 76,094 76,394 74,104
Fees on deposit accounts        
Noninterest income:        
Noninterest income $ 33,101,000 $ 32,862,000 $ 62,960,000 $ 60,871,000
Mortgage banking income        
Noninterest income:        
Noninterest income 4,354,000 5,480,000 8,686,000 16,074,000
Trust and investment services income        
Noninterest income:        
Noninterest income 9,823,000 9,831,000 19,760,000 19,549,000
Correspondent banking and capital market income        
Noninterest income:        
Noninterest income 19,187,000 26,068,000 32,781,000 54,019,000
SBA income        
Noninterest income:        
Noninterest income $ 2,885,000 $ 4,343,000 $ 6,607,000 $ 7,524,000