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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Interest and fees on loans and leases $ 3,182,466 $ 3,071,378 $ 1,946,558
Taxable interest on investment securities 636,177 396,681 269,233
Non-taxable interest on investment securities 38,758 54,207 50,442
Loans held for sale 13,911 734 78
Other interest and dividends 55,974 105,260 18,426
Total interest income 3,927,286 3,628,260 2,284,737
Interest expense:      
Deposits 1,427,204 1,021,418 138,552
Securities sold under agreements to repurchase and federal funds purchased 4,113 9,102 19,059
Federal Home Loan Bank advances 125,329 222,537 58,557
Long-term debt 32,253 37,934 34,283
Total interest expense 1,588,899 1,290,991 250,451
Net interest income 2,338,387 2,337,269 2,034,286
Provision for credit losses 222,000 150,747 280,619
Net interest income after provision for credit losses 2,116,387 2,186,522 1,753,667
Non-interest income:      
Deposit service fees 161,144 169,318 198,472
Loan and lease related fees 76,384 84,861 102,987
Wealth and investment services 33,234 28,999 40,277
Cash surrender value of life insurance policies 27,712 26,228 29,237
(Loss) on sale of investment securities, net (136,224) (33,620) (6,751)
Other income 89,649 38,551 76,561
Total non-interest income 251,899 314,337 440,783
Non-interest expense:      
Compensation and benefits 762,794 711,752 723,620
Occupancy 72,161 77,520 113,899
Technology and equipment 195,017 197,928 186,384
Intangible assets amortization 36,082 36,207 31,940
Marketing 18,751 18,622 16,438
Professional and outside services 58,253 107,497 117,530
Deposit insurance 68,912 98,081 26,574
Other expense 139,309 168,748 180,088
Total non-interest expense 1,351,279 1,416,355 1,396,473
Income before income taxes 1,017,007 1,084,504 797,977
Income tax expense 248,300 216,664 153,694
Net income 768,707 867,840 644,283
Preferred stock dividends 16,650 16,650 15,919
Net income available to common stockholders $ 752,057 $ 851,190 $ 628,364
Earnings per common share:      
Basic (in dollars per share) $ 4.38 $ 4.91 $ 3.72
Diluted (in dollars per share) $ 4.37 $ 4.91 $ 3.72