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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Interest and fees on loans $ 258.9 $ 249.9 $ 763.8 $ 727.1
Interest and dividends on investment securities:        
Taxable 60.7 66.0 187.5 204.3
Exempt from federal taxes 0.7 0.8 2.1 2.5
Other Interest and Dividend Income 2.8 2.9 9.4 9.3
Interest on deposits in banks 4.9 3.0 13.9 12.6
Total interest income 328.0 322.6 976.7 955.8
Interest expense:        
Interest on deposits 84.2 68.8 244.2 162.7
Interest on securities sold under repurchase agreements 1.4 1.7 5.6 4.3
Interest Expense, Other Short-term Borrowings 32.0 33.6 99.4 104.1
Interest on long-term debt 1.6 1.5 10.3 4.4
Interest on subordinated debentures held by subsidiary trusts 3.3 3.3 9.9 9.3
Total interest expense 122.5 108.9 369.4 284.8
Net interest income 205.5 213.7 607.3 671.0
Provision for credit losses 19.8 (0.1) 34.1 26.8
Net interest income after provision for credit losses 185.7 213.8 573.2 644.2
Non-interest income:        
Payment Services Revenues 18.7 19.2 55.7 58.0
Mortgage banking revenues 1.7 2.0 5.1 6.9
Wealth management revenues 9.6 8.7 28.2 26.5
Service Charges on Deposit Accounts 6.6 6.0 19.0 17.0
Non-interest income 2.2 2.2 6.5 7.0
Debt Securities, Available-for-sale, Gain (Loss) 0.0 0.0 0.0 (23.5)
Other income 7.6 3.9 16.6 10.6
Total non-interest income 46.4 42.0 131.1 102.5
Non-interest expense:        
Salaries and wages 70.9 65.4 202.4 199.1
Employee benefits 19.7 19.7 55.9 61.8
Outsourced technology services 14.6 14.5 42.2 44.5
Occupancy, net 11.8 11.7 35.8 35.9
Furniture and equipment 5.2 5.3 15.4 16.8
OREO expense, net of income 0.0 0.5 4.0 1.3
Professional fees 4.2 5.1 16.1 14.9
FDIC insurance premiums 5.2 5.0 19.2 15.4
Other intangibles amortization 3.6 3.9 11.0 11.8
Other expenses 24.2 30.0 74.5 89.3
Noninterest Expense 159.4 161.1 476.5 490.8
Income before income tax 72.7 94.7 227.8 255.9
Provision for income tax 17.2 22.0 53.9 59.9
Net income $ 55.5 $ 72.7 $ 173.9 $ 196.0
Earnings per common share, basic (in dollars per share) $ 0.54 $ 0.70 $ 1.69 $ 1.89
Earnings per common share, diluted (in dollars per share) $ 0.54 $ 0.70 $ 1.69 $ 1.89
Weighted average common shares outstanding, basic (in shares) 102,970,851 103,822,311 102,917,610 103,793,851
Weighted average common shares outstanding, diluted (in shares) 103,233,618 103,826,427 103,125,059 103,824,276