v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans, including fees $ 770,391 $ 674,611 $ 680,064
Securities:      
Taxable 249,797 89,550 93,569
Tax-exempt 237,626 226,683 233,614
Interest-bearing deposits 216,367 17,878 12,893
Federal funds sold 948 31 723
Resell agreements 592 16 172
Total interest income 1,475,721 1,008,769 1,021,035
Interest expense:      
Deposits 140,476 14,520 32,018
Federal funds purchased 690 32 100
Repurchase agreements 34,443 2,209 4,382
Junior subordinated deferrable interest debentures 4,172 2,484 3,560
Subordinated notes 4,657 4,657 4,656
Federal Home Loan Bank advances 0 0 318
Total interest expense 184,438 23,902 45,034
Net interest income 1,291,283 984,867 976,001
Credit loss expense 3,000 63 241,230
Net interest income after credit loss expense 1,288,283 984,804 734,771
Non-interest income:      
Trust and investment management fees 154,679 148,994 129,272
Service charges on deposit accounts 91,891 83,292 80,873
Insurance commissions and fees 53,210 51,548 50,313
Interchange and card transaction fees 18,231 17,461 13,470
Other charges, commissions and fees 41,590 36,836 34,825
Net gain (loss) on securities transactions 0 69 108,989
Other 45,217 48,528 47,712
Total non-interest income 404,818 386,728 465,454
Non-interest expense:      
Salaries and wages 492,096 395,497 387,328
Employee benefits 88,608 82,029 75,676
Net occupancy 112,495 107,344 102,938
Technology, furniture and equipment 120,771 112,738 105,232
Deposit insurance 15,603 12,232 10,502
Intangible amortization 480 697 918
Other 194,221 171,457 166,310
Total non-interest expense 1,024,274 881,994 848,904
Income before income taxes 668,827 489,538 351,321
Income taxes 89,677 46,459 20,170
Net income 579,150 443,079 331,151
Preferred stock dividends 6,675 7,157 2,016
Redemption of preferred stock 0 0 5,514
Net income available to common shareholders $ 572,475 $ 435,922 $ 323,621
Earnings per common share:      
Basic (in dollars per share) $ 8.84 $ 6.79 $ 5.11
Diluted (in dollars per share) $ 8.81 $ 6.76 $ 5.10