v3.26.3
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Loans including fees:        
Taxable $ 730,196 $ 731,633 $ 2,138,505 $ 1,905,907
Nontaxable 19,949 20,252 59,214 47,019
Investment securities:        
Taxable 146,589 143,155 429,825 353,569
Nontaxable 9,117 9,945 28,024 30,244
Money market and other interest-earning investments 10,979 12,207 33,044 35,813
Total interest income 916,830 917,192 2,688,612 2,372,552
Interest Expense        
Deposits 256,647 272,601 727,482 703,184
Federal funds purchased and interbank borrowings 90 1,816 504 4,394
Securities sold under agreements to repurchase 577 731 1,732 1,918
Federal Home Loan Bank advances 59,292 57,143 179,088 158,081
Other borrowings 15,937 10,292 43,958 27,933
Total interest expense 332,543 342,583 952,764 895,510
Net interest income 584,287 574,609 1,735,848 1,477,042
Provision for credit losses 33,580 26,738 104,732 164,976
Net interest income after provision for credit losses 550,707 547,871 1,631,116 1,312,066
Noninterest Income        
Wealth and investment services fees 42,244 39,684 124,057 105,149
Service charges on deposit accounts 29,187 27,856 84,133 72,890
Debit card and ATM fees 13,325 13,197 38,455 36,110
Mortgage banking revenue 8,966 10,442 29,683 27,353
Capital markets income 12,348 12,629 35,693 24,249
Company-owned life insurance 7,326 7,565 23,418 19,571
Debt securities gains (losses), net 5 7 46 (110)
Other income 15,045 19,081 68,871 71,560
Total noninterest income 128,446 130,461 404,356 356,772
Noninterest Expense        
Salaries and employee benefits 180,018 211,345 548,856 561,762
Occupancy 34,784 34,442 105,231 93,927
Equipment 11,326 12,703 34,478 34,170
Marketing 16,462 15,093 48,497 40,792
Technology 27,529 36,122 86,184 89,594
Communication 6,323 7,742 18,649 16,890
Professional fees 12,260 13,598 35,351 43,448
FDIC assessment 13,243 14,095 40,591 37,204
Amortization of intangibles 23,331 26,184 72,946 52,644
Amortization of tax credit investments 8,131 7,057 23,049 16,296
Other expense 21,973 67,353 78,413 112,244
Total noninterest expense 355,380 445,734 1,092,245 1,098,971
Income before income taxes 323,773 232,598 943,227 569,867
Income tax expense 69,779 50,031 202,147 117,233
Net income 253,994 182,567 741,080 452,634
Preferred dividends (4,034) (4,034) (12,101) (12,101)
Net income applicable to common shareholders $ 249,960 $ 178,533 $ 728,979 $ 440,533
Net income per common share - basic (in dollars per share) $ 0.66 $ 0.46 $ 1.91 $ 1.24
Net income per common share - diluted (in dollars per share) $ 0.66 $ 0.46 $ 1.90 $ 1.23
Weighted average number of common shares outstanding - basic (in shares) 379,250 389,038 382,297 355,307
Weighted average number of common shares outstanding - diluted (in shares) 380,900 390,496 384,156 357,278
Dividends per common share (in dollars per share) $ 0.145 $ 0.14 $ 0.435 $ 0.42