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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest Income:    
Interest and fees on loans and leases $ 716,356 $ 346,276
Taxable interest and dividends on investments 100,872 53,724
Non-taxable interest on investment securities 13,684 9,802
Loans held for sale 16 26
Total interest income 830,928 409,828
Interest Expense:    
Deposits 150,204 7,399
Securities sold under agreements to repurchase and other borrowings 7,827 957
Federal Home Loan Bank advances 68,126 56
Long-term debt 9,488 7,168
Total interest expense 235,645 15,580
Net interest income 595,283 394,248
Provision for credit losses 46,749 188,845
Net interest income after provision for credit losses 548,534 205,403
Non-interest Income:    
Deposit service fees 45,436 47,827
Loan and lease related fees 23,005 22,679
Wealth and investment services 6,587 10,597
Mortgage banking activities 59 428
Increase in cash surrender value of life insurance policies 6,728 6,732
(Loss) on sale of investment securities (16,747) 0
Other income 5,698 15,772
Total non-interest income 70,766 104,035
Non-interest Expense:    
Compensation and benefits 173,200 184,002
Occupancy 20,171 18,615
Technology and equipment 44,366 55,401
Intangible assets amortization 9,497 6,387
Marketing 3,476 3,509
Professional and outside services 32,434 54,091
Deposit insurance 12,323 5,222
Other expense 37,000 32,558
Total non-interest expense 332,467 359,785
Income (loss) before income taxes 286,833 (50,347)
Income tax expense (benefit) 65,829 (33,600)
Net income (loss) 221,004 (16,747)
Less: Preferred stock dividends 4,163 3,431
Net income (loss) available to common stockholders 216,841 (20,178)
Earnings applicable to common stockholders $ 216,841 $ (20,178)
Earnings (loss) per common share:    
Basic (in dollars per share) $ 1.24 $ (0.14)
Diluted (in dollars per share) $ 1.24 $ (0.14)