v3.25.2
Consolidated Statement of Income (Unaudited) - 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        
Loans $ 2,054,000 $ 2,128,000 $ 4,060,000 $ 4,225,000
Investment securities 334,000 260,000 670,000 488,000
Deposits at banks 219,000 400,000 437,000 819,000
Other 2,000 1,000 2,000 2,000
Total interest income 2,609,000 2,789,000 5,169,000 5,534,000
Interest expense        
Savings and interest-checking deposits 579,000 618,000 1,131,000 1,233,000
Time deposits 123,000 217,000 247,000 442,000
Short-term borrowings 37,000 69,000 69,000 153,000
Long-term borrowings 157,000 167,000 314,000 308,000
Total interest expense 896,000 1,071,000 1,761,000 2,136,000
Net interest income 1,713,000 1,718,000 3,408,000 3,398,000
Provision for credit losses 125,000 150,000 255,000 350,000
Net interest income after provision for credit losses 1,588,000 1,568,000 3,153,000 3,048,000
Other income        
Mortgage banking revenues 130,000 106,000 248,000 210,000
Service charges on deposit accounts 137,000 127,000 270,000 251,000
Trust income 182,000 170,000 359,000 330,000
Brokerage services income 31,000 30,000 63,000 59,000
Trading account and other non-hedging derivative gains 12,000 7,000 21,000 16,000
Gain (loss) on bank investment securities 0 (8,000) 0 (6,000)
Other revenues from operations 191,000 152,000 333,000 304,000
Total other income 683,000 584,000 1,294,000 1,164,000
Other expense        
Salaries and employee benefits 813,000 764,000 1,700,000 1,597,000
Equipment and net occupancy 130,000 125,000 262,000 254,000
Outside data processing and software 138,000 124,000 274,000 244,000
Professional and other services 86,000 91,000 170,000 176,000
FDIC assessments 22,000 37,000 45,000 97,000
Advertising and marketing 25,000 27,000 47,000 47,000
Amortization of core deposit and other intangible assets 9,000 13,000 22,000 28,000
Other costs of operations 113,000 116,000 231,000 250,000
Total other expense 1,336,000 1,297,000 2,751,000 2,693,000
Income before taxes 935,000 855,000 1,696,000 1,519,000
Income taxes 219,000 200,000 396,000 333,000
Net income 716,000 655,000 1,300,000 1,186,000
Net income available to common shareholders        
Basic 679,000 626,000 1,226,000 1,131,000
Diluted $ 679,000 $ 626,000 $ 1,226,000 $ 1,131,000
Net income per common share        
Basic (in USD per share) $ 4.26 $ 3.75 $ 7.58 $ 6.79
Diluted (in USD per share) $ 4.24 $ 3.73 $ 7.55 $ 6.76
Average common shares outstanding        
Basic (in shares) 159,221 166,951 161,701 166,705
Diluted (in shares) 160,005 167,659 162,511 167,372