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        
Interest and fees on loans and leases $ 369,591 $ 370,644 $ 737,541 $ 722,480
Interest on federal funds sold and other short-term investments 17,881 22,633 38,591 46,359
Interest and dividends on securities:        
Taxable 29,535 26,706 55,617 53,617
Tax-exempt 1,190 1,213 2,377 2,387
Total interest income 418,197 421,196 834,126 824,843
Interest expense        
Interest on deposits 126,141 139,156 252,869 275,444
Interest on short-term borrowings 1,425 1,488 2,864 2,938
Interest on long-term borrowings 5,319 6,015 10,566 11,869
Total interest expense 132,885 146,659 266,299 290,251
Net interest income 285,312 274,537 567,827 534,592
Provision for credit losses 4,961 5,889 12,737 34,992
Net interest income after provision for credit losses 280,351 268,648 555,090 499,600
Other income        
Income from bank-owned life insurance 3,134 3,618 6,128 6,988
Net investment securities gains 2,785 425 5,050 946
Other income 4,049 2,101 5,385 2,719
Total other income 38,506 31,460 72,569 61,014
Other expense        
Employee compensation 66,549 62,929 130,042 123,795
Employee benefits 16,296 13,434 32,276 26,725
Net occupancy expense 13,108 12,525 26,121 25,126
Other real estate owned ("OREO") expense 516 236 991 258
Net losses on the sales of OREO properties 37 16 37 5
Equipment expense 9,435 8,551 18,175 17,133
Data processing expense 7,148 7,952 14,149 16,407
Bankcard processing expense 631 588 1,254 1,188
FDIC insurance expense 4,550 4,532 9,026 9,260
Other expense 36,445 37,257 75,458 81,696
Total other expense 154,715 148,020 307,529 301,593
Income before income taxes 164,142 152,088 320,130 259,021
Income taxes 32,765 31,367 64,553 53,994
Net income $ 131,377 $ 120,721 $ 255,577 $ 205,027
Earnings per common share:        
Basic $ 0.95 $ 0.85 $ 1.84 $ 1.44
Diluted $ 0.95 $ 0.85 $ 1.83 $ 1.44
Average outstanding shares:        
Basic 137,982,273 142,206,539 138,691,869 142,175,506
Diluted 138,417,644 142,444,497 139,162,099 142,465,543
Fees from trust services [Member]        
Other income        
Revenue from contract $ 5,190 $ 4,931 $ 10,047 $ 9,713
Fees from brokerage services [Member]        
Other income        
Revenue from contract 6,764 4,862 14,167 10,507
Fees from deposit services [Member]        
Other income        
Revenue from contract 10,069 9,664 19,646 18,971
Bankcard fees and merchant discounts [Member]        
Other income        
Revenue from contract 2,367 2,102 4,344 3,853
Other service charges, commissions, and fees [Member]        
Other income        
Revenue from contract 1,226 1,154 2,325 2,235
Income from mortgage banking activities [Member]        
Other income        
Revenue from contract $ 2,922 $ 2,603 $ 5,477 $ 5,082