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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Interest and fees on loans $ 1,720,406 $ 992,642 $ 693,729
Interest and dividends on investment securities      
Taxable 146,006 75,444 37,916
Tax-exempt 63,233 65,691 58,710
Other interest 28,408 11,475 7,833
Total interest income 1,958,052 1,145,252 798,189
Interest expense      
Interest on deposits 673,624 98,309 18,622
Interest on federal funds purchased and securities sold under agreements to repurchase 12,238 3,480 143
Interest on other short-term funding 1 2 22
Interest on FHLB advances 196,535 75,487 36,493
Interest on long-term funding 36,080 10,653 17,053
Total interest expense 918,479 187,931 72,334
Net interest income 1,039,573 957,321 725,855
Provision for credit losses 83,021 32,998 (88,011)
Net interest income after provision for credit losses 956,552 924,323 813,866
Noninterest income      
Noninterest Income In Scope of Topic 606 186,560 201,953 212,278
Capital markets, net 24,649 29,917 30,602
Mortgage banking, net 19,429 18,873 50,751
Gain (Loss) on Sale of Mortgage Loans (136,239) 0 0
Bank Owned Life Insurance Income 10,266 11,431 13,254
Asset gains, net [1] 454 1,338 11,009
Investment securities (losses) gains, net (58,903) 3,746 (16)
Gains on sale of branches, net(a) 0 0 1,038
Other 9,691 10,715 11,366
Total noninterest income 63,182 282,370 332,364
Noninterest expense      
Personnel 468,355 454,101 426,687
Technology 102,018 90,700 81,689
Occupancy 57,204 59,794 63,513
Business development and advertising 28,405 25,525 21,149
Equipment 19,663 19,632 21,104
Legal and professional 19,911 18,250 21,923
Loan and foreclosure costs 5,408 5,925 8,143
FDIC assessment 67,072 22,650 18,150
Other intangible amortization 8,811 8,811 8,844
Other 36,837 41,675 38,721
Total noninterest expense 813,682 747,063 709,924
Income before income tax expense 206,052 459,630 436,307
Income tax expense 23,097 93,508 85,313
Net income 182,956 366,122 350,994
Preferred stock dividends 11,500 11,500 17,111
Net income available to common equity $ 171,456 $ 354,622 $ 333,883
Earnings per common share      
Basic $ 1.14 $ 2.36 $ 2.20
Diluted $ 1.13 $ 2.34 $ 2.18
Average common shares outstanding      
Basic 149,968 149,162 150,773
Diluted 150,860 150,496 151,987
Wealth management fees      
Noninterest income      
Noninterest Income In Scope of Topic 606 [2] $ 82,502 $ 84,122 $ 89,854
Service charges and deposit account fees      
Noninterest income      
Noninterest Income In Scope of Topic 606 49,045 62,310 64,406
Card-based fees      
Noninterest income      
Noninterest Income In Scope of Topic 606 45,121 44,132 43,124
Revenue from Contract with Customer, Including Assessed Tax 45,020 44,014 43,014
Other fee-based revenue      
Noninterest income      
Noninterest Income In Scope of Topic 606 9,891 11,389 14,894
Revenue from Contract with Customer, Including Assessed Tax $ 17,268 $ 15,903 $ 17,086
[1] Includes the deposit premium on the sale of branches net of miscellaneous costs to sell. See Note 2 Acquisitions and Dispositions for additional details on the branch sales.
[2] (a)