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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Interest and fees on loans $ 789,274 $ 730,008 $ 577,923
Interest Income, Securities, Operating, Taxable 57,092 60,336 50,354
Nontaxable interest and dividends on securities 6 6 6
Interest on loans held for sale 712 190 172
Interest on federal funds sold and short-term investments 5,669 5,186 14,385
Total interest and dividend income 852,753 795,726 642,840
Interest expense      
Interest on deposits 246,962 144,752 24,652
Interest on borrowings 44,062 44,453 4,939
Total interest expense 291,024 189,205 29,591
Net interest income 561,729 606,521 613,249
Provision for Loan and Lease Losses 36,250 23,250 6,500
Net interest income after provision for credit losses 525,479 583,271 606,749
Noninterest income      
Deposit account fees 26,455 23,486 23,370
Interchange and ATM fees 19,055 18,108 16,249
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 42,744 40,191 36,832
Fees and Commission Mortgage Banking 4,143 2,326 3,515
Increase in cash surrender value of life insurance policies 8,086 7,868 7,685
Gain Realized on Life Insurance Policies 457 2,291 1,291
Derivative, Gain (Loss) on Derivative, Net 2,117 3,327 2,932
Other noninterest income 24,957 27,012 22,793
Total noninterest income 128,014 124,609 114,667
Noninterest expenses      
Salaries and employee benefits 233,653 222,135 204,711
Occupancy and equipment expenses 52,072 50,582 49,841
Data processing & facilities management 9,957 9,884 9,320
FDIC assessment 10,892 11,953 6,951
Consulting expense 7,125 8,954 9,617
Cost, Amortization 5,905 6,878 7,655
Debit Card Expense 6,630 9,003 7,670
Merger and acquisition expense 1,902 0 7,100
Software Maintenance 18,152 16,165 13,655
Other noninterest expenses 60,078 57,192 57,142
Total noninterest expenses 406,366 392,746 373,662
Income before income taxes 247,127 315,134 347,754
Income tax benefit 55,046 75,632 83,941
Net Income $ 192,081 $ 239,502 $ 263,813
Basic earnings per share (in dollars per share) $ 4.52 $ 5.42 $ 5.69
Diluted earnings per share (in dollars per share) $ 4.52 $ 5.42 $ 5.69
Weighted average common shares (basic) (in shares) 42,499,492 44,181,540 46,372,051
Common share equivalents (in shares) 12,309 12,007 17,938
Weighted average common shares (diluted) (in shares) 42,511,801 44,193,547 46,389,989
Cash dividends declared (in dollars per share) $ 2.28 $ 2.20 $ 2.08