v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income:        
Interest and fees on loans and leases $ 784,854 $ 775,203 $ 1,561,464 $ 1,530,320
Taxable interest on investment securities 186,041 190,600 370,650 377,715
Non-taxable interest on investment securities 9,311 7,166 17,802 14,520
Loans held for sale 2 7 20 22
Other interest and dividends 33,168 27,611 57,719 51,497
Total interest income 1,013,376 1,000,587 2,007,655 1,974,074
Interest Expense:        
Deposits 326,869 339,738 643,493 666,121
Securities sold under agreements to repurchase 20 218 1,082 1,894
Federal Home Loan Bank advances 45,400 29,825 79,260 53,414
Long-term debt 8,343 9,624 16,673 19,271
Total interest expense 380,632 379,405 740,508 740,700
Net interest income 632,744 621,182 1,267,147 1,233,374
Provision for credit losses 31,500 46,500 85,500 124,000
Net interest income after provision for credit losses 601,244 574,682 1,181,647 1,109,374
Non-interest Income:        
Deposit service fees 42,256 40,934 83,771 79,829
Loan and lease related fees 20,570 17,657 35,984 35,278
Wealth and investment services 7,526 7,779 14,735 15,568
Cash surrender value of life insurance policies 11,249 9,172 19,893 17,164
Gain on sale of investment securities, net 0 0 0 220
Other income 25,646 19,115 54,327 39,204
Total non-interest income 107,247 94,657 208,710 187,263
Non-interest Expense:        
Compensation and benefits 224,314 199,930 447,220 398,575
Occupancy 19,749 19,337 39,235 39,054
Technology and equipment 50,504 45,932 100,135 93,651
Intangible assets amortization 9,005 9,093 18,191 18,330
Marketing 5,203 5,171 9,902 9,198
Professional and outside services 21,146 18,394 43,688 35,620
Deposit insurance 18,185 15,061 34,485 31,406
Other expense 36,856 32,796 71,215 63,524
Total non-interest expense 384,962 345,714 764,071 689,358
Income before income taxes 323,529 323,625 626,286 607,279
Income tax expense 66,740 64,777 123,266 121,514
Net income 256,789 258,848 503,020 485,765
Preferred stock dividends 4,162 4,162 8,325 8,325
Income allocated to participating securities 3,185 2,991 5,974 5,361
Net income applicable to common stockholders $ 249,442 $ 251,695 $ 488,721 $ 472,079
Earnings per Common Share:        
Basic (in dollars per share) $ 1.56 $ 1.52 $ 3.06 $ 2.82
Diluted (in dollars per share) $ 1.56 $ 1.52 $ 3.05 $ 2.81