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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Interest and fees on loans $ 790.2 $ 430.2 $ 453.4
Interest and dividends on investment securities:      
Taxable 212.4 67.1 63.4
Exempt from federal taxes 5.4 5.6 2.7
Interest on deposits in banks 8.7 2.6 4.1
Total interest income 1,021.5 506.5 524.4
Interest expense:      
Interest on deposits 48.3 8.1 18.1
Interest on securities sold under repurchase agreements 2.5 0.4 0.9
Interest on other borrowed funds 15.3 0.0 0.0
Interest on long-term debt 6.0 6.0 4.6
Interest on subordinated debentures held by subsidiary trusts 6.8 2.8 3.0
Total interest expense 78.9 17.3 26.6
Net interest income 942.6 489.2 497.8
Provision for (reversal of) credit losses 82.7 (14.6) 56.9
Net interest income after provision for (reversal of) credit losses 859.9 503.8 440.9
Payment Services Revenues 74.1 45.1 41.1
Non-interest income:      
Revenue from Contract with Customer, Excluding Assessed Tax 15.5 7.9 12.1
Fees and Commissions, Mortgage Banking and Servicing 18.7 40.8 47.3
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 34.3 26.3 23.8
Service Charges on Deposit Accounts 24.6 16.5 17.6
Investment securities (losses) gains, net (24.4) 1.1 0.3
Other income 20.4 11.8 13.7
Total non-interest income 163.2 149.5 155.9
Non-interest expense:      
Salaries and wages 282.1 164.9 173.7
Employee benefits 77.5 55.8 49.4
Information Technology and Data Processing 54.3 32.8 32.8
Occupancy, Net 44.0 28.7 28.5
Equipment Expense 23.4 17.6 15.5
OREO expense, net of income 2.3 (0.2) (0.5)
Professional fees 19.1 12.1 10.9
FDIC insurance premiums 14.0 6.6 5.9
Other intangibles amortization 15.9 9.9 10.9
Other expenses 114.5 65.7 60.4
Acquisition related expenses 118.9 11.6 0.0
Total non-interest expense 766.0 405.5 387.5
Income before income tax 257.1 247.8 209.3
Provision for income tax 54.9 55.7 48.1
Net income $ 202.2 $ 192.1 $ 161.2
Basic earnings per common share (in dollars per share) $ 1.96 $ 3.12 $ 2.53
Diluted earnings per common share (in dollars per share) $ 1.96 $ 3.11 $ 2.53
Other Interest and Dividend Income $ 4.8 $ 1.0 $ 0.8