v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME        
Loans $ 643,995 $ 612,414 $ 1,277,073 $ 1,139,818
Securities:        
Taxable interest 146,593 122,237 291,892 220,533
Tax-exempt interest 35,181 33,024 69,635 62,987
Total securities income 181,774 155,261 361,527 283,520
Federal funds and resell agreements 11,259 8,733 27,322 15,685
Interest-bearing due from banks 33,950 73,874 71,852 148,859
Trading securities 388 255 659 625
Total interest income 871,366 850,537 1,738,433 1,588,507
INTEREST EXPENSE        
Deposits 298,927 343,153 591,300 646,559
Federal funds and repurchase agreements 28,953 27,423 58,651 53,213
Other 10,961 12,937 21,591 24,072
Total interest expense 338,841 383,513 671,542 723,844
Net interest income 532,525 467,024 1,066,891 864,663
Provision for credit losses 28,000 21,000 55,000 107,000
Net interest income after provision for credit losses 504,525 446,024 1,011,891 757,663
NONINTEREST INCOME        
Trust and securities processing 98,295 83,263 192,962 163,044
Trading and investment banking 5,314 6,170 13,054 12,081
Service charges on deposit accounts 29,588 28,865 59,062 56,322
Insurance fees and commissions 207 189 462 367
Brokerage fees 25,400 20,525 46,489 38,627
Bankcard fees 29,954 29,018 58,832 55,311
Investment securities gains, net 27,087 37,685 30,133 32,903
Other 29,660 16,470 49,304 29,728
Total noninterest income 245,505 222,185 450,298 388,383
NONINTEREST EXPENSE        
Salaries and employee benefits 227,162 213,551 446,843 434,949
Occupancy, net 19,277 18,571 38,352 34,640
Equipment 13,942 16,426 27,262 33,374
Supplies and services 5,504 6,383 11,108 11,168
Marketing and business development 13,916 11,344 27,708 19,342
Processing fees 43,073 43,638 85,132 84,488
Legal and consulting 14,415 18,468 23,502 47,074
Bankcard 11,873 12,363 23,714 25,158
Amortization of other intangible assets 23,460 25,268 46,920 42,750
Regulatory fees 9,097 9,259 17,367 17,496
Other 17,914 17,897 32,608 27,516
Total noninterest expense 399,633 393,168 780,516 777,955
Income before income taxes 350,397 275,041 681,673 368,091
Income tax expense 72,827 57,647 142,665 69,364
NET INCOME 277,570 217,394 539,008 298,727
Less: Preferred dividends 5,812 2,012 11,625 4,025
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 271,758 $ 215,382 $ 527,383 $ 294,702
PER SHARE DATA        
Net income per common share - basic $ 3.58 $ 2.84 $ 6.94 $ 4.18
Net income per common share - diluted 3.56 2.82 6.9 4.16
Dividends per common share $ 0.43 $ 0.4 $ 0.86 $ 0.8
Weighted average common shares outstanding -- basic 75,972,781 75,923,082 76,002,535 70,523,171
Weighted average common shares outstanding -- diluted 76,392,233 76,241,798 76,422,437 70,901,635