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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income:        
Interest and fees on loans $ 249.9 $ 218.3 $ 727.1 $ 561.7
Interest and dividends on investment securities:        
Taxable 66.0 64.3 203.3 142.4
Exempt from federal taxes 0.8 1.4 3.5 4.1
Other Interest and Dividend Income 2.9 1.3 9.3 2.8
Interest on deposits in banks 3.0 1.4 12.6 6.5
Total interest income 322.6 286.7 955.8 717.5
Interest expense:        
Interest on deposits 68.8 13.3 162.7 20.6
Interest on securities sold under repurchase agreements 1.7 0.8 4.3 1.4
Interest Expense, Other Short-term Borrowings 33.6 2.4 104.1 2.4
Interest on long-term debt 1.5 1.5 4.4 4.6
Interest on subordinated debentures held by subsidiary trusts 3.3 1.9 9.3 4.3
Total interest expense 108.9 19.9 284.8 33.3
Net interest income 213.7 266.8 671.0 684.2
(Reduction of) provision for credit losses (0.1) 8.4 26.8 68.0
Net interest income after provision for credit losses 213.8 258.4 644.2 616.2
Non-interest income:        
Payment Services Revenues 19.2 20.4 58.0 54.7
Mortgage banking revenues 2.0 2.7 6.9 16.1
Wealth management revenues 8.7 8.5 26.5 25.9
Service Charges on Deposit Accounts 6.0 5.7 17.0 19.7
Non-interest income 2.2 4.7 7.0 12.6
Debt Securities, Available-for-sale, Gain (Loss) 0.0 (24.2) (23.5) (24.4)
Other income 3.9 5.1 10.6 17.0
Total non-interest income 42.0 22.9 102.5 121.6
Non-interest expense:        
Salaries and wages 65.4 71.9 199.1 206.7
Employee benefits 19.7 19.6 61.8 60.2
Outsourced technology services 14.5 15.9 44.5 40.0
Occupancy, net 11.7 11.3 35.9 32.5
Furniture and equipment 5.3 5.8 16.8 17.0
OREO expense, net of income 0.5 0.0 1.3 0.1
Professional fees 5.1 5.1 14.9 14.5
FDIC insurance premiums 5.0 4.1 15.4 10.2
Other intangibles amortization 3.9 4.1 11.8 11.8
Other expenses 30.0 31.4 89.3 82.7
Acquisition related expenses 0.0 4.0 0.0 115.0
Noninterest Expense 161.1 173.2 490.8 590.7
Income before income tax 94.7 108.1 255.9 147.1
Provision for income tax 22.0 22.4 59.9 30.7
Net income $ 72.7 $ 85.7 $ 196.0 $ 116.4
Earnings per common share, basic (in dollars per share) $ 0.70 $ 0.80 $ 1.89 $ 1.13
Earnings per common share, diluted (in dollars per share) $ 0.70 $ 0.80 $ 1.89 $ 1.13
Weighted average common shares outstanding, basic (in shares) 103,822,311 106,525,974 103,793,851 102,879,422
Weighted average common shares outstanding, diluted (in shares) 103,826,427 106,589,699 103,824,276 102,935,360