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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Interest and fees on loans $ 193,226 $ 170,926
Interest Income, Securities, Operating, Taxable 14,231 15,309
Nontaxable interest and dividends on securities 1 1
Interest on loans held for sale 104 34
Interest on federal funds sold and short-term investments 483 665
Total interest and dividend income 208,045 186,935
Interest expense    
Interest on deposits 54,320 22,675
Interest on borrowings 16,286 5,262
Total interest expense 70,606 27,937
Net interest income 137,439 158,998
Provision for credit losses 5,000 7,250
Net interest income after provision for credit losses 132,439 151,748
Noninterest income    
Deposit account fees 6,228 5,916
Interchange and ATM fees 4,452 4,184
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 9,941 9,779
Mortgage banking income 796 308
Bank Owned Life Insurance Income 1,928 1,854
Gain Realized on Life Insurance Policies (263) (11)
Loan level derivative income 80 408
Other noninterest income 6,255 5,782
Total noninterest income 29,943 28,242
Noninterest expenses    
Salaries and employee benefits 57,174 56,975
Occupancy and equipment expenses 13,467 12,822
Data processing & facilities management 2,483 2,527
Professional Fees 1,428 2,077
Software Maintenance 4,094 2,949
Debit card expense 2,478 2,171
Amortization of Intangible Assets 1,563 1,815
FDIC assessment 2,982 2,610
Other noninterest expenses 14,218 14,715
Total noninterest expenses 99,887 98,661
Income before income taxes 62,495 81,329
Current Federal, State and Local, Tax Expense (Benefit) 14,725 20,082
Net income $ 47,770 $ 61,247
Basic earnings per share (in dollars per share) $ 1.12 $ 1.36
Diluted earnings per share (in dollars per share) $ 1.12 $ 1.36
Weighted average common shares (basic) (in shares) 42,553,714 45,004,100
Common shares equivalents (in shares) 12,876 19,564
Weighted average common shares (diluted) (in shares) 42,566,590 45,023,664
Retained Earnings [Member]    
Noninterest expenses    
Net income $ 47,770 $ 61,247
Cash dividends declared per common share (in dollars per share) $ 0.57 $ 0.55