v3.26.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans, including fees $ 744,652 $ 746,448 $ 1,466,222 $ 1,471,088
Investment securities:        
Taxable 73,078 68,081 145,332 121,951
Tax-exempt 8,293 6,136 15,505 13,652
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks 12,236 19,839 28,029 42,379
Total interest income 838,259 840,504 1,655,088 1,649,070
Interest expense:        
Deposits 244,216 241,593 482,738 487,550
Federal funds purchased and securities sold under agreements to repurchase 4,093 5,405 8,288 10,314
Corporate and subordinated debentures 12,516 15,558 25,023 28,063
Other borrowings 1,485   1,485 648
Total interest expense 262,310 262,556 517,534 526,575
Net interest income 575,949 577,948 1,137,554 1,122,495
Provision for credit losses 15,919 7,505 26,727 108,067
Net interest income after provision for credit losses 560,030 570,443 1,110,827 1,014,428
Noninterest income:        
Securities losses, net       (228,811)
Gain on sale-leaseback, net of transaction costs       229,279
Other income 13,029 12,396 26,014 26,637
Total noninterest income 96,726 86,817 196,824 172,905
Noninterest expense:        
Salaries and employee benefits 205,377 200,162 411,030 395,973
Information services expense 29,136 30,155 58,840 61,517
OREO and loan related expense 952 2,295 5,330 4,079
Occupancy expense 43,878 41,507 86,180 77,000
Merger, branch consolidation, severance-related, and other expense   24,379   92,385
FDIC assessment and other regulatory charges 10,753 11,469 21,010 22,727
Supplies, printing and postage expense 3,885 3,970 7,139 7,098
Amortization of intangibles 21,041 24,048 42,345 47,879
Professional fees 5,090 4,658 10,329 9,367
Advertising and marketing 3,836 3,010 7,161 5,300
Other expense 33,801 29,408 67,909 60,562
Total noninterest expense 357,749 375,061 717,273 783,887
Earnings:        
Income before provision for income taxes 299,007 282,199 590,378 403,446
Provision for income taxes 68,985 66,975 134,536 99,142
Net income $ 230,022 $ 215,224 $ 455,842 $ 304,304
Earnings per common share:        
Basic (in dollars per share) $ 2.36 $ 2.12 $ 4.66 $ 3
Diluted (in dollars per share) $ 2.35 $ 2.11 $ 4.64 $ 2.99
Weighted average common shares outstanding:        
Basic (in shares) 97,301 101,495 97,919 101,453
Diluted (in shares) 97,677 101,845 98,292 101,836
Fees on deposit accounts        
Noninterest income:        
Noninterest income $ 41,568 $ 37,869 $ 80,267 $ 73,802
Mortgage banking income        
Noninterest income:        
Noninterest income 4,890 5,936 15,906 13,673
Trust and investment services income        
Noninterest income:        
Noninterest income 15,164 14,419 29,635 29,351
Correspondent banking and capital markets income        
Noninterest income:        
Noninterest income 20,811 13,767 42,238 23,312
SBA income        
Noninterest income:        
Noninterest income $ 1,264 $ 2,430 $ 2,764 $ 5,662