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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income:        
Interest and fees on loans and leases $ 775,203 $ 798,097 $ 1,530,320 $ 1,590,142
Taxable interest on investment securities 190,600 150,588 377,715 285,659
Non-taxable interest on investment securities 7,166 10,239 14,520 22,753
Loans held for sale 7 5,593 22 5,675
Other interest and dividends 27,611 11,769 51,497 23,907
Total interest income 1,000,587 976,286 1,974,074 1,928,136
Interest Expense:        
Deposits 339,738 361,263 666,121 697,234
Securities sold under agreements to repurchase and federal funds purchased 218 1,114 1,894 3,222
Federal Home Loan Bank advances 29,825 33,727 53,414 71,094
Long-term debt 9,624 7,885 19,271 16,550
Total interest expense 379,405 403,989 740,700 788,100
Net interest income 621,182 572,297 1,233,374 1,140,036
Provision for credit losses 46,500 59,000 124,000 104,500
Net interest income after provision for credit losses 574,682 513,297 1,109,374 1,035,536
Non-interest Income:        
Deposit service fees 40,934 41,027 79,829 83,616
Loan and lease related fees 17,657 19,334 35,278 39,101
Wealth and investment services 7,779 8,556 15,568 16,480
Cash surrender value of life insurance policies 9,172 6,359 17,164 12,305
Gain (loss) on sale of investment securities, net 0 (49,915) 220 (59,741)
Other income 19,115 16,937 39,204 49,890
Total non-interest income 94,657 42,298 187,263 141,651
Non-interest Expense:        
Compensation and benefits 199,930 186,850 398,575 375,390
Occupancy 19,337 15,103 39,054 34,542
Technology and equipment 45,932 45,303 93,651 91,139
Intangible assets amortization 9,093 8,716 18,330 17,910
Marketing 5,171 4,107 9,198 8,388
Professional and outside services 18,394 14,066 35,620 27,047
Deposit insurance 15,061 15,065 31,406 39,288
Other expense 32,796 36,811 63,524 68,240
Total non-interest expense 345,714 326,021 689,358 661,944
Income before income taxes 323,625 229,574 607,279 515,243
Income tax expense 64,777 47,941 121,514 117,287
Net income 258,848 181,633 485,765 397,956
Preferred stock dividends 4,162 4,162 8,325 8,325
Income allocated to participating securities 2,991 1,977 5,361 4,090
Net income applicable to common stockholders $ 251,695 $ 175,494 $ 472,079 $ 385,541
Earnings per common share:        
Basic (in dollars per share) $ 1.52 $ 1.03 $ 2.82 $ 2.27
Diluted (in dollars per share) $ 1.52 $ 1.03 $ 2.81 $ 2.26