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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Interest and fees on loans and leases $ 564,343 $ 583,874 $ 1,116,905 $ 1,158,918
Interest and dividends on investment securities:        
Taxable 80,316 78,828 149,004 153,845
Exempt from federal income tax 6,769 6,904 13,576 13,808
Dividends 3,444 2,895 6,236 6,602
Interest on temporary investments and interest-bearing deposits 15,817 23,035 32,211 46,588
Total interest income 670,689 695,536 1,317,932 1,379,761
INTEREST EXPENSE        
Interest on deposits 180,154 207,307 356,788 405,742
Interest on securities sold under agreement to repurchase and federal funds purchased 955 1,515 1,929 2,781
Interest on borrowings 34,542 49,418 70,616 100,693
Interest on junior and other subordinated debentures 8,592 9,847 17,158 19,734
Total interest expense 224,243 268,087 446,491 528,950
Net interest income 446,446 427,449 871,441 850,811
PROVISION FOR CREDIT LOSSES  29,449 31,820 56,852 48,956
Net interest income after provision for credit losses 416,997 395,629 814,589 801,855
NON-INTEREST INCOME        
Residential mortgage banking revenue, net 7,343 5,848 16,677 10,482
Gain (loss) on sale of debt securities, net 1 (1) 5 11
Gain (loss) on equity securities, net 410 325 2,112 (1,240)
Gain (loss) on loan and lease sales, net 172 (1,516) 269 (1,295)
Gain (loss) on certain loans held for investment, at fair value 212 (10,114) 7,228 (12,486)
Bank-owned life insurance income 5,184 4,705 10,067 9,344
Other income 11,070 6,876 17,352 17,953
Total non-interest income 64,462 44,703 130,839 95,060
NON-INTEREST EXPENSE        
Salaries and employee benefits 154,883 145,066 300,122 299,604
Occupancy and equipment, net 47,178 45,147 95,348 90,438
Communications 3,350 3,408 6,776 7,190
Marketing 2,805 2,305 6,202 4,241
Services 13,296 14,600 29,374 28,022
FDIC assessments 8,144 9,664 16,166 24,124
Intangible amortization 25,826 29,230 53,805 61,321
Merger and restructuring expense 8,186 14,641 22,565 19,119
Legal settlement 0 0 55,000 0
Other expenses 14,327 15,183 32,759 32,701
Total non-interest expense 277,995 279,244 618,117 566,760
Income before provision for income taxes 203,464 161,088 327,311 330,155
Provision for income taxes 51,041 40,944 88,279 85,931
Net income $ 152,423 $ 120,144 $ 239,032 $ 244,224
Earnings per common share:        
Basic (in dollars per share) $ 0.73 $ 0.58 $ 1.14 $ 1.17
Diluted (in dollars per share) $ 0.73 $ 0.57 $ 1.14 $ 1.17
Weighted average number of common shares outstanding:        
Basic (in shares) 209,125 208,498 208,964 208,379
Diluted (in shares) 209,975 209,011 209,965 208,999
Service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 19,669 $ 18,503 $ 38,970 $ 34,567
Card-based Fees        
NON-INTEREST INCOME        
Revenue from contract with customer 14,559 14,681 27,130 27,864
Financial services and trust revenue        
NON-INTEREST INCOME        
Revenue from contract with customer $ 5,842 $ 5,396 $ 11,029 $ 9,860