v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Interest and fees on loans $ 797,889 $ 768,362
Mortgage loans held-for-sale 4,615 4,246
Interest-bearing deposits with banks 19,150 36,766
Federal funds sold and securities purchased under resale agreements 64 179
Investment securities 100,278 72,016
Trading account securities 0 11
Federal Home Loan Bank and Federal Reserve Bank stock 5,564 5,307
Brokerage customer receivables 0 78
Total interest income 927,560 886,965
Interest expense    
Interest on deposits 309,187 320,233
Interest on Federal Home Loan Bank advances 27,701 25,441
Interest on other borrowings 4,026 6,792
Interest on subordinated notes 3,719 3,714
Interest on junior subordinated debentures 3,903 4,311
Total interest expense 348,536 360,491
Net interest income 579,024 526,474
Provision for credit losses 29,594 23,963
Net interest income after provision for credit losses 549,430 502,511
Non-interest income    
Wealth management 42,059 34,042
Mortgage banking 23,396 20,529
Service charges on deposit accounts 20,970 19,362
(Losses) gains on investment securities, net (31) 3,196
Fees from covered call options 4,669 3,446
Trading gains (losses), net 10 (64)
Operating lease income, net 19,154 15,287
Other 23,915 20,836
Total non-interest income 134,142 116,634
Non-interest expense    
Salaries and employee benefits 228,447 211,526
Software and equipment 35,654 34,717
Operating lease equipment 10,987 10,471
Occupancy, net 20,566 20,778
Data processing 11,266 11,274
Advertising and marketing 13,218 12,272
Professional fees 7,375 9,044
Amortization of other acquisition-related intangible assets 4,958 5,618
FDIC insurance 10,990 10,926
Other real estate owned expense, net 207 643
Other 38,964 38,821
Total non-interest expense 382,632 366,090
Income before taxes 300,940 253,055
Income tax expense 73,552 64,016
Net income 227,388 189,039
Preferred stock dividends 8,367 6,991
Net income applicable to common shares $ 219,021 $ 182,048
Net income per common share-Basic (usd per share) $ 3.26 $ 2.73
Net income per common share-Diluted (usd per share) 3.22 2.69
Cash dividends declared per common share (usd per share) $ 0.55 $ 0.50
Weighted average common shares outstanding (in shares) 67,246 66,726
Dilutive potential common shares (in shares) 851 923
Average common shares and dilutive common shares (in shares) 68,097 67,649