v3.25.2
CONSOLIDATED STATEMENTS 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        
Interest and fees on loans $ 797,997 $ 749,812 $ 1,566,359 $ 1,460,153
Mortgage loans held-for-sale 4,872 5,434 9,118 9,580
Interest-bearing deposits with banks 34,317 19,731 71,083 36,389
Federal funds sold and securities purchased under resale agreements 276 17 455 36
Investment securities 78,053 69,779 150,069 139,457
Trading account securities 0 13 11 31
Federal Home Loan Bank and Federal Reserve Bank stock 5,393 4,974 10,700 9,452
Brokerage customer receivables 0 219 78 394
Total interest income 920,908 849,979 1,807,873 1,655,492
Interest expense        
Interest on deposits 333,470 335,703 653,703 635,235
Interest on Federal Home Loan Bank advances 25,724 24,797 51,165 46,845
Interest on other borrowings 6,957 8,700 13,749 17,948
Interest on subordinated notes 3,735 5,185 7,449 10,672
Interest on junior subordinated debentures 4,328 4,984 8,639 9,988
Total interest expense 374,214 379,369 734,705 720,688
Net interest income 546,694 470,610 1,073,168 934,804
Provision for credit losses 22,234 40,061 46,197 61,734
Net interest income after provision for credit losses 524,460 430,549 1,026,971 873,070
Non-interest income        
Wealth management 36,821 35,413 70,863 70,228
Mortgage banking 23,170 29,124 43,699 56,787
Service charges on deposit accounts 19,502 15,546 38,864 30,357
Gains (losses) on investment securities, net 650 (4,282) 3,846 (2,956)
Fees from covered call options 5,624 2,056 9,070 6,903
Trading gains, net 151 70 87 747
Operating lease income, net 15,166 13,938 30,453 28,048
Other 23,005 29,282 43,841 71,613
Total non-interest income 124,089 121,147 240,723 261,727
Non-interest expense        
Salaries and employee benefits 219,541 198,541 431,067 393,714
Software and equipment 36,522 29,231 71,239 56,962
Operating lease equipment 10,757 10,834 21,228 21,517
Occupancy, net 20,228 19,585 41,006 38,671
Data processing 12,110 9,503 23,384 18,795
Advertising and marketing 18,761 17,436 31,033 30,476
Professional fees 9,243 9,967 18,287 19,520
Amortization of other acquisition-related intangible assets 5,580 1,122 11,198 2,280
FDIC insurance 10,971 10,429 21,897 24,966
Other real estate owned expense, net 505 (259) 1,148 133
Other 37,243 33,964 76,064 66,464
Total non-interest expense 381,461 340,353 747,551 673,498
Income before taxes 267,088 211,343 520,143 461,299
Income tax expense 71,561 58,955 135,577 121,617
Net income 195,527 152,388 384,566 339,682
Preferred stock dividends 6,991 6,991 13,982 13,982
Net income applicable to common shares $ 188,536 $ 145,397 $ 370,584 $ 325,700
Net income per common share-Basic (usd per share) $ 2.82 $ 2.35 $ 5.55 $ 5.28
Net income per common share-Diluted (usd per share) 2.78 2.32 5.47 5.21
Cash dividends declared per common share (usd per share) $ 0.50 $ 0.45 $ 1.00 $ 0.90
Weighted average common shares outstanding (in shares) 66,931 61,839 66,829 61,660
Dilutive potential common shares (in shares) 888 926 903 901
Average common shares and dilutive common shares (in shares) 67,819 62,765 67,732 62,561