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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Interest and fees on loans $ 730,008 $ 577,923 $ 381,433
Interest Income, Securities, Operating, Taxable 60,336 50,354 30,477
Nontaxable interest and dividends on securities 6 6 16
Interest on loans held for sale 190 172 856
Interest on federal funds sold and short-term investments 5,186 14,385 2,494
Total interest and dividend income 795,726 642,840 415,276
Interest expense      
Interest on deposits 144,752 24,652 8,327
Interest on borrowings 44,453 4,939 5,390
Total interest expense 189,205 29,591 13,717
Net interest income 606,521 613,249 401,559
Provision for Loan and Lease Losses 23,250 6,500 18,205
Net interest income after provision for credit losses 583,271 606,749 383,354
Noninterest income      
Deposit account fees 23,486 23,370 16,745
Interchange and ATM fees 18,108 16,249 12,987
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 40,191 36,832 35,308
Fees and Commission Mortgage Banking 2,326 3,515 13,280
Increase in cash surrender value of life insurance policies 7,868 7,685 6,431
Gain Realized on Life Insurance Policies 2,291 1,291 258
Derivative, Gain (Loss) on Derivative, Net 3,327 2,932 3,257
Other noninterest income 27,012 22,793 17,584
Total noninterest income 124,609 114,667 105,850
Noninterest expenses      
Salaries and employee benefits 222,135 204,711 172,586
Occupancy and equipment expenses 50,582 49,841 36,265
Data processing & facilities management 9,884 9,320 6,899
FDIC assessment 11,953 6,951 3,980
Consulting expense 8,954 9,617 8,271
Cost, Amortization 6,878 7,655 5,715
Debit Card Expense 9,003 7,670 5,144
Merger and acquisition expense 0 7,100 40,840
Software Maintenance 13,115 10,961 8,149
Other noninterest expenses 60,242 59,836 44,680
Total noninterest expenses 392,746 373,662 332,529
Income before income taxes 315,134 347,754 156,675
Income tax benefit 75,632 83,941 35,683
Net Income $ 239,502 $ 263,813 $ 120,992
Basic earnings per share (in dollars per share) $ 5.42 $ 5.69 $ 3.47
Diluted earnings per share (in dollars per share) $ 5.42 $ 5.69 $ 3.47
Weighted average common shares (basic) (in shares) 44,181,540 46,372,051 34,872,034
Common share equivalents (in shares) 12,007 17,938 16,484
Weighted average common shares (diluted) (in shares) 44,193,547 46,389,989 34,888,518
Retained Earnings      
Noninterest expenses      
Net Income $ 239,502 $ 263,813 $ 120,992
Cash dividends declared (in dollars per share) $ 2.20 $ 2.08 $ 1.92