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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 252.1 $ 235.6
Interest and dividends on investment securities:    
Taxable 64.5 72.2
Exempt from federal taxes 0.7 0.9
Other Interest and Dividend Income 3.3 3.0
Interest on deposits in banks 4.1 4.2
Total interest income 324.7 315.9
Interest expense:    
Interest on deposits 79.1 40.3
Interest on securities sold under repurchase agreements 2.3 1.1
Interest Expense, Other Short-term Borrowings 35.6 31.2
Interest on long-term debt 4.3 1.5
Interest on subordinated debentures held by subsidiary trusts 3.3 2.9
Total interest expense 124.6 77.0
Net interest income 200.1 238.9
Provision for credit losses 5.3 15.2
Net interest income after provision for credit losses 194.8 223.7
Non-interest income:    
Payment Services Revenues 18.4 18.7
Mortgage banking revenues 1.7 2.3
Wealth management revenues 9.2 9.0
Service Charges on Deposit Accounts 6.0 5.2
Non-interest income 2.2 2.4
Debt Securities, Available-for-sale, Gain (Loss) 0.0 (23.4)
Other income 4.6 2.2
Total non-interest income 42.1 16.4
Non-interest expense:    
Salaries and wages 65.2 65.6
Employee benefits 19.3 22.8
Outsourced technology services 13.6 14.7
Occupancy, net 12.3 12.5
Furniture and equipment 5.0 5.9
OREO expense, net of income 2.0 0.2
Professional fees 6.8 4.5
FDIC insurance premiums 7.4 5.7
Other intangibles amortization 3.7 4.0
Other expenses 24.9 29.9
Noninterest Expense 160.2 165.8
Income before income tax 76.7 74.3
Provision for income tax 18.3 18.0
Net income $ 58.4 $ 56.3
Earnings per common share, basic (in dollars per share) $ 0.57 $ 0.54
Earnings per common share, diluted (in dollars per share) $ 0.57 $ 0.54
Weighted average common shares outstanding, basic (in shares) 102,844,397 103,737,664
Weighted average common shares outstanding, diluted (in shares) 103,040,034 103,818,719