XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest Income:        
Interest and fees on loans and leases $ 771,973 $ 431,538 $ 1,488,329 $ 777,814
Taxable interest and dividends on investments 147,467 69,538 248,339 123,262
Non-taxable interest on investment securities 13,535 12,664 27,219 22,466
Loans held for sale 421 7 437 33
Total interest income 933,396 513,747 1,764,324 923,575
Interest Expense:        
Deposits 251,466 12,459 401,670 19,858
Securities sold under agreements to repurchase and other borrowings 63 2,677 7,890 3,634
Federal Home Loan Bank advances 88,556 3,164 156,682 3,220
Long-term debt 9,482 8,787 18,970 15,955
Total interest expense 349,567 27,087 585,212 42,667
Net interest income 583,829 486,660 1,179,112 880,908
Provision for credit losses 31,498 12,243 78,247 201,088
Net interest income after provision for credit losses 552,331 474,417 1,100,865 679,820
Non-interest Income:        
Deposit service fees 45,418 51,385 90,854 99,212
Loan and lease related fees 20,528 27,907 43,533 50,586
Wealth and investment services 7,391 11,244 13,978 21,841
Mortgage banking activities 129 102 188 530
Cash surrender value of life insurance policies 6,293 8,244 13,021 14,976
(Loss) on sale of investment securities (48) 0 (16,795) 0
Other income 9,663 22,051 15,361 37,823
Total non-interest income 89,374 120,933 160,140 224,968
Non-interest Expense:        
Compensation and benefits 173,305 187,656 346,505 371,658
Occupancy 20,254 51,593 40,425 70,208
Technology and equipment 51,815 41,498 96,181 96,899
Intangible assets amortization 9,193 8,802 18,690 15,189
Marketing 5,160 3,441 8,636 6,950
Professional and outside services 29,385 15,332 61,819 69,423
Deposit insurance 13,723 6,748 26,046 11,970
Other expense 41,254 43,157 78,254 75,715
Total non-interest expense 344,089 358,227 676,556 718,012
Income before income taxes 297,616 237,123 584,449 186,776
Income tax expense 62,648 54,812 128,477 21,212
Net income 234,968 182,311 455,972 165,564
Less: Preferred stock dividends 4,162 4,163 8,325 7,594
Net income available to common stockholders 230,806 178,148 447,647 157,970
Earnings applicable to common stockholders $ 230,806 $ 178,148 $ 447,647 $ 157,970
Earnings per common share:        
Basic (in dollars per share) $ 1.32 $ 1.00 $ 2.57 $ 0.97
Diluted (in dollars per share) $ 1.32 $ 1.00 $ 2.57 $ 0.97