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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Interest and fees on loans $ 979.7 $ 790.2 $ 430.2
Interest and dividends on investment securities:      
Taxable 269.1 213.9 68.6
Exempt from federal taxes 3.2 3.9 4.1
Interest on deposits in banks 15.7 8.7 2.6
Total interest income 1,280.1 1,021.5 506.5
Interest expense:      
Interest on deposits 242.6 48.3 8.1
Interest on securities sold under repurchase agreements 6.4 2.5 0.4
Interest on other borrowed funds 133.8 15.3 0.0
Interest on long-term debt 5.8 6.0 6.0
Interest on subordinated debentures held by subsidiary trusts 12.7 6.8 2.8
Total interest expense 401.3 78.9 17.3
Net interest income 878.8 942.6 489.2
Provision for (reversal of) credit losses 32.2 82.7 (14.6)
Net interest income after provision for (reversal of) credit losses 846.6 859.9 503.8
Payment Services Revenues 76.4 74.1 45.1
Non-interest income:      
Revenue from Contract with Customer, Excluding Assessed Tax 9.5 15.5 7.9
Fees and Commissions, Mortgage Banking and Servicing 8.4 18.7 40.8
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 35.3 34.3 26.3
Service Charges on Deposit Accounts 23.0 24.6 16.5
Investment securities (losses) gains, net (23.5) (24.4) 1.1
Other income 17.9 20.4 11.8
Total non-interest income 147.0 163.2 149.5
Non-interest expense:      
Salaries and wages 263.1 282.1 164.9
Employee benefits 75.3 77.5 55.8
Information Technology and Data Processing 59.0 54.3 32.8
Occupancy, Net 48.0 44.0 28.7
Equipment Expense 22.1 23.4 17.6
OREO expense, net of income 1.5 2.3 (0.2)
Professional fees 19.1 19.1 12.1
FDIC insurance premiums 31.5 14.0 6.6
Other intangibles amortization 15.7 15.9 9.9
Other expenses 121.5 114.5 65.7
Acquisition related expenses 0.0 118.9 11.6
Total non-interest expense 656.8 766.0 405.5
Income before income tax 336.8 257.1 247.8
Provision for income tax 79.3 54.9 55.7
Net income $ 257.5 $ 202.2 $ 192.1
Basic earnings per common share (in dollars per share) $ 2.48 $ 1.96 $ 3.12
Diluted earnings per common share (in dollars per share) $ 2.48 $ 1.96 $ 3.11
Other Interest and Dividend Income $ 12.4 $ 4.8 $ 1.0