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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income        
Interest and fees on loans $ 447,912 $ 275,666 $ 1,262,538 $ 643,239
Interest and dividends on investment securities        
Taxable 38,210 19,221 104,197 54,009
Tax-exempt 15,941 16,538 47,960 49,025
Other interest 6,575 3,284 17,990 7,696
Total interest income 508,637 314,708 1,432,685 753,969
Interest expense        
Interest on deposits 193,131 26,000 464,749 37,590
Interest on federal funds purchased and securities sold under agreements to repurchase 3,100 756 8,504 1,200
Interest on other short-term funding 0 1 1 2
Interest on FHLB advances 48,143 20,792 147,365 38,663
Interest on long-term funding 10,019 2,722 25,895 8,182
Total interest expense 254,394 50,270 646,514 85,637
Net interest income 254,244 264,439 786,171 668,332
Provision for credit losses 21,943 16,998 62,014 13,006
Net interest income after provision for credit losses 232,301 247,440 724,157 655,326
Noninterest income        
Capital markets, net 5,368 7,675 15,544 24,331
Mortgage banking, net 6,501 2,098 17,814 16,635
Bank and corporate owned life insurance 2,047 1,827 6,882 8,004
Asset gains, net 625 18 590 1,883
Investment securities gains (losses), net (11) 5,664 55 5,676
Other 2,339 2,527 6,841 6,613
Noninterest Income, Total 66,579 70,788 194,195 220,713
Noninterest expense        
Personnel 117,159 118,243 347,669 335,720
Technology 26,172 22,694 73,990 65,401
Occupancy 14,125 13,717 42,775 43,948
Business development and advertising 7,100 6,778 20,054 17,388
Equipment 5,016 4,921 14,921 14,841
Legal and professional 4,461 4,159 13,149 14,118
Loan and foreclosure costs 2,049 1,631 4,822 5,121
FDIC assessment 9,150 5,800 25,575 16,300
Other intangible amortization 2,203 2,203 6,608 6,608
Other 8,771 15,645 24,726 31,057
Total noninterest expense 196,205 195,791 574,291 550,503
Income before income taxes 102,674 122,438 344,061 325,536
Income tax expense 19,426 26,163 70,299 68,176
Net income 83,248 96,275 273,762 257,360
Preferred stock dividends 2,875 2,875 8,625 8,625
Net income available to common equity $ 80,373 $ 93,400 $ 265,137 $ 248,735
Earnings per common share        
Basic $ 0.53 $ 0.62 $ 1.76 $ 1.66
Diluted $ 0.53 $ 0.62 $ 1.75 $ 1.65
Average common shares outstanding        
Basic 150,035 149,321 149,929 149,063
Diluted 151,014 150,262 150,971 150,205
Wealth management fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 $ 20,828 $ 19,984 $ 61,499 $ 63,719
Service charges and deposit account fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 12,864 15,029 38,230 48,392
Card-based fees        
Noninterest income        
Card-based fees 11,510 11,479 33,492 32,847
Other fee-based revenue        
Noninterest income        
Card-based fees $ 4,509 $ 4,487 $ 13,249 $ 12,613