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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income:    
Interest and fees on loans and leases $ 792,045 $ 716,356
Taxable interest on investment securities 135,071 85,566
Non-taxable interest on investment securities 12,514 13,684
Loans held for sale 82 16
Total interest income 951,850 830,928
Interest Expense:    
Deposits 335,971 150,204
Securities sold under agreements to repurchase and other borrowings 2,108 7,827
Federal Home Loan Bank advances 37,367 68,126
Long-term debt 8,665 9,488
Total interest expense 384,111 235,645
Net interest income 567,739 595,283
Provision (benefit) for credit losses 45,500 46,749
Net interest income after provision for credit losses 522,239 548,534
Non-interest Income:    
Deposit service fees 42,589 45,436
Loan and lease related fees 19,767 23,005
Wealth and investment services 7,924 6,587
Cash surrender value of life insurance policies 5,946 6,728
(Loss) on sale of investment securities, net (9,826) (16,747)
Other income 32,953 5,757
Total non-interest income 99,353 70,766
Non-interest Expense:    
Compensation and benefits 188,540 173,200
Occupancy 19,439 20,171
Technology and equipment 45,836 44,366
Intangible assets amortization 9,194 9,497
Marketing 4,281 3,476
Professional and outside services 12,981 32,434
Deposit insurance 24,223 12,323
Other expense 31,429 37,000
Total non-interest expense 335,923 332,467
Income before income taxes 285,669 286,833
Income tax expense 69,346 65,829
Net income 216,323 221,004
Less: Preferred stock dividends 4,163 4,163
Net income available to common stockholders 212,160 216,841
Earnings applicable to common stockholders $ 212,160 $ 216,841
Earnings per common share:    
Basic (in dollars per share) $ 1.23 $ 1.24
Diluted (in dollars per share) $ 1.23 $ 1.24
Other Interest and Dividend Income $ 12,138 $ 15,306