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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Loans and leases $ 1,294,813 $ 1,332,720 $ 1,217,306
Investment securities interest and dividend income 145,200 144,459 160,460
Overnight investments 10,997 6,847 26,245
Total interest income 1,451,010 1,484,026 1,404,011
Interest expense      
Deposits 33,240 66,635 76,254
Securities sold under customer repurchase agreements 1,312 1,610 1,995
Federal Home Loan Bank borrowings 8,410 9,763 5,472
Subordinated debt 16,709 16,074 7,099
Other borrowings 1,005 1,775 1,822
Total interest expense 60,676 95,857 92,642
Net interest income 1,390,334 1,388,169 1,311,369
(Benefit) provision for credit losses (36,835) 58,352 31,441
Net interest income after (benefit) provision for credit losses 1,427,169 1,329,817 1,279,928
Noninterest income      
Mortgage income 30,508 39,592 21,126
Marketable equity securities gains, net 34,081 29,395 20,625
Realized gains on investment securities available for sale, net 33,119 60,253 7,115
Other 9,445 7,446 18,431
Total noninterest income 508,002 476,750 415,861
Noninterest expense      
Salaries and wages 623,194 590,020 551,112
Employee benefits 135,659 132,244 120,501
Occupancy expense 117,180 117,169 111,179
Equipment expense 119,171 115,535 112,290
Processing fees paid to third parties 59,743 44,791 29,552
FDIC insurance expense 14,132 12,701 10,664
Collection and foreclosure-related expenses 5,442 13,658 11,994
Merger-related expenses 29,463 17,450 17,166
Other 129,526 145,117 139,283
Total noninterest expense 1,233,510 1,188,685 1,103,741
Income before income taxes 701,661 617,882 592,048
Income taxes 154,202 126,159 134,677
Net income 547,459 491,723 457,371
Preferred stock dividends 18,544 14,062 0
Net income available to common shareholders $ 528,915 $ 477,661 $ 457,371
Average shares outstanding (in shares) 9,816,405 10,056,654 11,141,069
Net income per share $ 53.88 $ 47.50 $ 41.05
Cash dividends (in dollars per share) $ 1.88 $ 1.67 $ 1.60
Wealth management services      
Noninterest income      
Revenue from contracts with customers $ 128,788 $ 102,776 $ 99,241
Service charges on deposit accounts      
Noninterest income      
Revenue from contracts with customers 94,756 87,662 105,191
Cardholder services, net      
Noninterest income      
Revenue from contracts with customers 86,684 74,291 69,078
Other service charges and fees      
Noninterest income      
Revenue from contracts with customers 35,923 30,911 31,644
Mortgage income      
Noninterest income      
Revenue from contracts with customers 33,140 24,122 24,304
Insurance commissions      
Noninterest income      
Revenue from contracts with customers 15,556 14,544 12,810
ATM income      
Noninterest income      
Revenue from contracts with customers $ 6,002 $ 5,758 $ 6,296