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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Interest and fees on loans $ 235.6 $ 151.7
Interest and dividends on investment securities:    
Taxable 71.7 29.3
Exempt from federal taxes 1.4 1.3
Other Interest and Dividend Income 3.0 0.4
Interest on deposits in banks 4.2 1.7
Total interest income 315.9 184.4
Interest expense:    
Interest on deposits 40.3 3.0
Interest on securities sold under repurchase agreements 1.1 0.3
Interest Expense, Other Short-term Borrowings 31.2 0.0
Interest on long-term debt 1.5 1.7
Interest on subordinated debentures held by subsidiary trusts 2.9 1.0
Total interest expense 77.0 6.0
Net interest income 238.9 178.4
Provision for credit losses 15.2 61.3
Net interest income after provision for credit losses 223.7 117.1
Non-interest income:    
Payment Services Revenues 18.7 14.8
Mortgage banking revenues 2.3 8.4
Wealth management revenues 9.0 8.1
Service Charges on Deposit Accounts 5.2 7.7
Non-interest income 2.4 4.3
Debt Securities, Available-for-sale, Gain (Loss) (23.4) (0.1)
Other income 2.2 5.6
Total non-interest income 16.4 48.8
Non-interest expense:    
Salaries and wages 65.6 60.0
Employee benefits 22.8 21.2
Outsourced technology services 14.7 11.3
Occupancy, net 12.5 10.0
Furniture and equipment 5.9 5.4
OREO expense, net of income 0.2 0.1
Professional fees 4.5 3.9
FDIC insurance premiums 5.7 3.3
Other intangibles amortization 4.0 3.6
Other expenses 29.9 23.2
Acquisition related expenses 0.0 65.2
Noninterest Expense 165.8 207.2
Income (loss) before income tax 74.3 (41.3)
Provision for (benefit from) income tax 18.0 (7.9)
Net income (loss) $ 56.3 $ (33.4)
Earnings per common share, basic (in dollars per share) $ 0.54 $ (0.36)
Earnings per common share, diluted (in dollars per share) $ 0.54 $ (0.36)
Weighted average common shares outstanding, basic (in shares) 103,737,664 92,855,173
Weighted average common shares outstanding, diluted (in shares) 103,818,719 92,855,173