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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Interest and fees on loans $ 252.8 $ 241.6 $ 504.9 $ 477.2
Interest and dividends on investment securities:        
Taxable 62.3 66.1 126.8 138.3
Exempt from federal taxes 0.7 0.8 1.4 1.7
Other Interest and Dividend Income 3.3 3.4 6.6 6.4
Interest on deposits in banks 4.9 5.4 9.0 9.6
Total interest income 324.0 317.3 648.7 633.2
Interest expense:        
Interest on deposits 80.9 53.6 160.0 93.9
Interest on securities sold under repurchase agreements 1.9 1.5 4.2 2.6
Interest Expense, Other Short-term Borrowings 31.8 39.3 67.4 70.5
Interest on long-term debt 4.4 1.4 8.7 2.9
Interest on subordinated debentures held by subsidiary trusts 3.3 3.1 6.6 6.0
Total interest expense 122.3 98.9 246.9 175.9
Net interest income 201.7 218.4 401.8 457.3
Provision for credit losses 9.0 11.7 14.3 26.9
Net interest income after provision for credit losses 192.7 206.7 387.5 430.4
Non-interest income:        
Payment Services Revenues 18.6 20.1 37.0 38.8
Mortgage banking revenues 1.7 2.6 3.4 4.9
Wealth management revenues 9.4 8.8 18.6 17.8
Service Charges on Deposit Accounts 6.4 5.8 12.4 11.0
Non-interest income 2.1 2.4 4.3 4.8
Debt Securities, Available-for-sale, Gain (Loss) 0.0 (0.1) 0.0 (23.5)
Other income 4.4 4.5 9.0 6.7
Total non-interest income 42.6 44.1 84.7 60.5
Non-interest expense:        
Salaries and wages 66.3 68.1 131.5 133.7
Employee benefits 16.9 19.3 36.2 42.1
Outsourced technology services 14.0 15.3 27.6 30.0
Occupancy, net 11.7 11.7 24.0 24.2
Furniture and equipment 5.2 5.6 10.2 11.5
OREO expense, net of income 2.0 0.6 4.0 0.8
Professional fees 5.1 5.3 11.9 9.8
FDIC insurance premiums 6.6 4.7 14.0 10.4
Other intangibles amortization 3.7 3.9 7.4 7.9
Other expenses 25.4 29.4 50.3 59.3
Noninterest Expense 156.9 163.9 317.1 329.7
Income before income tax 78.4 86.9 155.1 161.2
Provision for income tax 18.4 19.9 36.7 37.9
Net income $ 60.0 $ 67.0 $ 118.4 $ 123.3
Earnings per common share, basic (in dollars per share) $ 0.58 $ 0.65 $ 1.15 $ 1.19
Earnings per common share, diluted (in dollars per share) $ 0.58 $ 0.65 $ 1.15 $ 1.19
Weighted average common shares outstanding, basic (in shares) 102,936,996 103,820,649 102,890,697 103,779,386
Weighted average common shares outstanding, diluted (in shares) 103,093,135 103,822,891 103,075,443 103,821,925