v3.26.1
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 $ 736,060 $ 720,282 $ 1,444,700 $ 1,423,891
Interest and dividends on investment securities:        
Taxable 76,113 67,164 149,921 131,062
Tax-exempt 5,048 4,681 9,766 9,383
Dividends 5,771 5,528 10,571 11,192
Interest on federal funds sold and other short-term investments 6,383 7,357 17,141 14,236
Total interest income 829,375 805,012 1,632,099 1,589,764
Interest on deposits:        
Savings, NOW and money market 190,973 203,390 381,758 403,611
Time 112,693 129,324 219,371 254,393
Interest on short-term borrowings 6,047 1,736 6,283 4,682
Interest on long-term borrowings and junior subordinated debentures 32,638 38,154 66,138 74,565
Total interest expense 342,351 372,604 673,550 737,251
Net Interest Income 487,024 432,408 958,549 852,513
(Credit) provision for credit losses for available for sale and held to maturity securities (2) 4 10 (10)
Provision for credit losses for loans 29,166 37,795 50,410 100,470
Net Interest Income After Provision for Credit Losses 457,860 394,609 908,129 752,053
Non-Interest Income        
Insurance commissions 3,770 3,430 6,637 6,832
Capital markets 12,933 9,767 23,314 16,707
Gains (losses) on securities transactions, net 50 (1) 71 45
Fees from loan servicing 3,268 3,671 6,486 6,886
Gains on sales of loans, net 1,742 2,025 4,832 4,222
Bank owned life insurance 5,913 6,019 11,748 10,796
Other 9,652 8,932 18,866 18,892
Total non-interest income 73,711 62,604 142,547 120,898
Non-Interest Expense        
Salary and employee benefits expense 150,432 145,422 306,147 288,040
Net occupancy expense 27,179 25,483 54,361 51,371
Technology, furniture and equipment expense 33,247 30,667 65,125 60,563
FDIC insurance assessment 11,691 12,192 22,167 25,059
Amortization of other intangible assets 6,268 7,427 13,187 15,446
Professional and legal fees 29,533 19,970 54,675 35,640
Loss on extinguishment of debt 0 922 0 922
Amortization of tax credit investments 16,157 9,134 32,171 18,454
Other 36,616 32,905 73,216 65,245
Total non-interest expense 311,123 284,122 621,049 560,740
Income Before Income Taxes 220,448 173,091 429,627 312,211
Income tax expense 49,563 39,924 94,829 72,986
Net Income 170,885 133,167 334,798 239,225
Dividends on preferred stock 7,316 6,948 14,533 13,903
Net Income Available to Common Shareholders $ 163,569 $ 126,219 $ 320,265 $ 225,322
Earnings Per Common Share:        
Basic (usd per share) $ 0.30 $ 0.23 $ 0.58 $ 0.40
Diluted (usd per share) $ 0.29 $ 0.22 $ 0.57 $ 0.40
Wealth management and trust fees        
Non-Interest Income        
Revenue from contracts with customer $ 17,655 $ 14,056 $ 33,661 $ 29,087
Service charges on deposit accounts        
Non-Interest Income        
Revenue from contracts with customer $ 18,728 $ 14,705 $ 36,932 $ 27,431