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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income        
Interest and fees on loans $ 423,307 $ 199,876 $ 814,626 $ 367,573
Interest and dividends on investment securities        
Taxable 35,845 18,317 65,987 34,789
Tax-exempt 15,994 16,379 32,019 32,487
Other interest 6,086 2,420 11,415 4,413
Total interest income 481,231 236,991 924,048 439,261
Interest expense        
Interest on deposits 162,196 8,019 271,618 11,591
Interest on federal funds purchased and securities sold under agreements to repurchase 2,261 406 5,404 444
Interest on other short-term funding 0 1 1 2
Interest on FHLB advances 49,261 9,689 99,222 17,871
Interest on long-term funding 9,596 2,730 15,876 5,460
Total interest expense 223,314 20,845 392,121 35,367
Net interest income 257,917 216,146 531,927 403,893
Provision for credit losses 22,100 (2) 40,071 (3,992)
Net interest income after provision for credit losses 235,817 216,148 491,856 407,886
Noninterest income        
Capital markets, net 5,093 8,010 10,176 16,656
Mortgage banking, net 7,768 6,145 11,313 14,536
Bank and corporate owned life insurance 2,172 4,106 4,835 6,177
Asset gains (losses), net (299) 1,677 (35) 1,865
Investment securities gains (losses), net 14 (8) 66 12
Other 2,080 1,888 4,501 4,086
Noninterest Income, Total 65,543 75,458 127,616 149,925
Noninterest expense        
Personnel 114,089 112,666 230,510 217,477
Technology 24,220 21,223 47,818 42,707
Occupancy 13,587 14,151 28,650 30,231
Business development and advertising 7,106 5,655 12,955 10,610
Equipment 4,975 4,960 9,906 9,920
Legal and professional 4,831 4,873 8,688 9,960
Loan and foreclosure costs 1,635 1,476 2,773 3,490
FDIC assessment 9,550 5,400 16,425 10,500
Other intangible amortization 2,203 2,203 4,405 4,405
Other 8,476 8,815 15,955 15,412
Total noninterest expense 190,673 181,420 378,086 354,712
Income before income taxes 110,687 110,187 241,386 203,099
Income tax expense 23,533 23,363 50,873 42,013
Net income 87,154 86,824 190,514 161,086
Preferred stock dividends 2,875 2,875 5,750 5,750
Net income available to common equity $ 84,279 $ 83,949 $ 184,764 $ 155,336
Earnings per common share        
Basic $ 0.56 $ 0.56 $ 1.23 $ 1.04
Diluted $ 0.56 $ 0.56 $ 1.22 $ 1.03
Average common shares outstanding        
Basic 149,986 149,083 149,875 148,933
Diluted 150,870 150,203 150,903 150,265
Wealth management fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 $ 20,483 $ 21,332 $ 40,672 $ 43,735
Service charges and deposit account fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 12,372 16,506 25,366 33,363
Card-based fees        
Noninterest income        
Card-based fees 11,396 11,442 21,982 21,368
Other fee-based revenue        
Noninterest income        
Card-based fees $ 4,465 $ 4,360 $ 8,740 $ 8,126