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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income        
Interest and fees on loans $ 456,788 $ 423,307 $ 911,260 $ 814,626
Interest and dividends on investment securities        
Taxable 50,278 35,845 96,826 65,987
Tax-exempt 14,669 15,994 29,443 32,019
Other interest 8,539 6,086 16,133 11,415
Total interest income 530,274 481,231 1,053,662 924,048
Interest expense        
Interest on deposits 221,062 162,196 447,293 271,618
Interest on federal funds purchased and securities sold under agreements to repurchase 2,303 2,261 5,166 5,404
Interest on other short-term funding 6,077 0 10,785 1
Interest on FHLB advances 34,143 49,261 55,814 99,222
Interest on long-term funding 10,096 9,596 20,154 15,876
Total interest expense 273,681 223,314 539,211 392,121
Net interest income 256,593 257,917 514,451 531,927
Provision for credit losses 23,008 22,100 47,009 40,071
Net interest income after provision for credit losses 233,585 235,817 467,442 491,856
Noninterest income        
Capital markets, net 4,685 5,093 8,735 10,176
Mortgage banking, net 2,505 7,768 5,166 11,313
Bank and corporate owned life insurance 4,584 2,172 7,154 4,835
Asset (losses), net (627) (299) (933) (35)
Investment securities gains, net 67 14 3,947 66
Other 2,222 2,080 4,549 4,501
Noninterest Income, Total 65,159 65,543 130,144 127,616
Noninterest expense        
Personnel 121,581 114,089 240,976 230,510
Technology 27,161 24,220 53,362 47,818
Occupancy 13,128 13,587 26,761 28,650
Business development and advertising 7,535 7,106 14,052 12,955
Equipment 4,450 4,975 9,049 9,906
Legal and professional 4,429 4,831 9,101 8,688
Loan and foreclosure costs 1,793 1,635 3,771 2,773
FDIC assessment 7,131 9,550 21,077 16,425
Other intangible amortization 2,203 2,203 4,405 4,405
Other 6,450 8,476 10,963 15,955
Total noninterest expense 195,861 190,673 393,518 378,086
Income before income taxes 102,884 110,687 204,068 241,386
Income tax (benefit) expense (12,689) 23,533 7,326 50,873
Net income 115,573 87,154 196,742 190,514
Preferred stock dividends 2,875 2,875 5,750 5,750
Net income available to common equity $ 112,698 $ 84,279 $ 190,992 $ 184,764
Earnings per common share        
Basic $ 0.75 $ 0.56 $ 1.27 $ 1.23
Diluted $ 0.74 $ 0.56 $ 1.26 $ 1.22
Average common shares outstanding        
Basic 149,872 149,986 149,864 149,875
Diluted 151,288 150,870 151,310 150,903
Wealth management fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 $ 22,628 $ 20,483 $ 44,323 $ 40,672
Service charges and deposit account fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 12,263 12,372 24,702 25,366
Card-based fees        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax, Out of Scope Topic 606 11,975 11,396 23,242 21,982
Other fee-based revenue        
Noninterest income        
Revenue from Contract with Customer, Including Assessed Tax, Out of Scope Topic 606 $ 4,857 $ 4,465 $ 9,259 $ 8,740