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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Interest and fees on loans $ 191.7 $ 105.4 $ 343.4 $ 213.2
Interest and dividends on investment securities:        
Taxable 48.8 15.8 78.1 31.6
Exempt from federal taxes 1.4 1.4 2.7 2.8
Interest on deposits in banks 3.4 0.7 5.1 1.0
Total interest income 245.3 123.3 429.3 248.6
Interest expense:        
Interest on deposits 4.3 2.2 7.3 4.5
Interest on securities sold under repurchase agreements 0.3 0.1 0.6 0.2
Interest on long-term debt 1.4 1.5 3.1 3.0
Interest on subordinated debentures held by subsidiary trusts 1.4 0.7 2.4 1.4
Total interest expense 7.4 4.5 13.4 9.1
Net interest income 237.9 118.8 415.9 239.5
Provision for (reversal of) credit losses (1.7) 0.0 59.6 (5.1)
Net interest income after provision for (reversal of) credit losses 239.6 118.8 356.3 244.6
Non-interest income:        
Debt Securities, Available-for-sale, Gain (Loss) (0.1) (0.1) (0.2) (0.1)
Mortgage banking revenues 5.0 9.6 13.4 21.2
Other income 7.4 2.6 13.4 6.7
Total non-interest income 51.0 35.3 100.2 73.4
Non-interest expense:        
Salaries and wages 74.8 41.6 134.8 80.6
Employee benefits 19.4 14.7 40.6 30.8
Outsourced technology services 12.8 8.4 24.1 16.5
Occupancy, net 11.2 7.1 21.2 14.4
Furniture and equipment 5.8 4.1 11.2 8.5
OREO expense, net of income 0.0 0.0 0.1 (0.1)
Professional fees 5.5 3.2 9.4 6.6
FDIC insurance premiums 2.8 1.5 6.1 3.1
Other intangibles amortization 4.1 2.5 7.7 5.0
Other expenses 28.1 15.9 51.3 32.0
Acquisition related expenses 45.8 0.0 111.0 0.0
Noninterest Expense 210.3 99.0 417.5 197.4
Income before income tax 80.3 55.1 39.0 120.6
Provision for income tax 16.2 12.6 8.3 26.7
Net income $ 64.1 $ 42.5 $ 30.7 $ 93.9
Earnings per common share, basic (in dollars per share) $ 0.59 $ 0.69 $ 0.30 $ 1.52
Earnings per common share, diluted (in dollars per share) $ 0.59 $ 0.69 $ 0.30 $ 1.52
Weighted average common shares outstanding, basic (in shares) 109,106,891 61,657,593 101,025,926 61,624,917
Weighted average common shares outstanding, diluted (in shares) 109,131,718 61,727,821 101,076,331 61,723,142
Payment services revenues        
Non-interest income:        
Non-interest income $ 19.5 $ 11.4 $ 34.3 $ 21.6
Wealth management revenues        
Non-interest income:        
Wealth management revenues 9.3 6.3 17.4 12.6
Service charges on deposit accounts        
Non-interest income:        
Non-interest income 6.3 3.9 14.0 7.7
Other service charges, commissions, and fees        
Non-interest income:        
Non-interest income $ 3.6 $ 1.6 $ 7.9 $ 3.7