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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest Income      
Investment securities $ 201,930 $ 169,035 $ 122,099
Residential real estate loans 71,328 57,243 43,300
Commercial loans 669,663 548,969 471,061
Consumer and other loans 74,734 54,393 44,614
Total interest income 1,017,655 829,640 681,074
Interest Expense      
Deposits 162,426 14,526 12,135
Securities sold under agreements to repurchase 36,414 3,200 2,303
Federal Home Loan Bank advances 26,910 17,317 0
FRB Bank Term Funding 93,388 0 0
Other borrowed funds 1,056 1,329 713
Subordinated debentures 5,779 4,889 3,407
Total interest expense 325,973 41,261 18,558
Net Interest Income 691,682 788,379 662,516
Provision for credit losses 14,795 19,963 23,076
Net interest income after provision for credit losses 676,887 768,416 639,440
Non-Interest Income      
Service charges and other fees 75,157 72,124 59,317
Miscellaneous loan fees and charges 16,935 15,350 12,038
Gain on sale of loans 12,202 20,032 63,063
Gain (loss) on sale of securities 1,510 620 (638)
Other income 12,275 12,606 11,040
Total non-interest income 118,079 120,732 144,820
Non-Interest Expense      
Compensation and employee benefits 309,048 319,303 270,644
Occupancy and equipment 43,578 43,261 39,394
Advertising and promotions 15,430 14,324 11,949
Data processing 33,752 30,823 23,470
Other real estate owned and foreclosed assets 119 77 236
Regulatory assessments and insurance 28,712 12,904 8,249
Amortization of core deposit intangibles 9,731 10,658 10,271
Other expenses 86,988 87,518 70,609
Total non-interest expense 527,358 518,868 434,822
Income Before Income Taxes 267,608 370,280 349,438
Federal and state income tax expense 44,681 67,078 64,681
Net Income $ 222,927 $ 303,202 $ 284,757
Basic earnings per share (in dollars per share) $ 2.01 $ 2.74 $ 2.87
Diluted earnings per share (in dollars per share) 2.01 2.74 2.86
Dividends declared per share (in dollars per share) $ 1.32 $ 1.32 $ 1.37
Average outstanding shares - basic (in shares) 110,864,501 110,757,473 99,313,255
Average outstanding shares - diluted (in shares) 110,890,447 110,827,933 99,398,250