v3.26.3
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income        
Interest and fees on loans and leases $ 380,882 $ 378,193 $ 1,118,423 $ 1,100,673
Interest on federal funds sold and other short-term investments 17,826 24,053 56,417 70,412
Interest and dividends on securities:        
Taxable 31,807 27,509 87,424 81,126
Tax-exempt 1,175 1,202 3,552 3,589
Total interest income 431,690 430,957 1,265,816 1,255,800
Interest expense        
Interest on deposits 130,563 143,445 383,432 418,889
Interest on short-term borrowings 1,436 1,420 4,300 4,358
Interest on long-term borrowings 5,440 5,977 16,006 17,846
Total interest expense 137,439 150,842 403,738 441,093
Net interest income 294,251 280,115 862,078 814,707
Provision for credit losses 6,241 12,095 18,978 47,087
Net interest income after provision for credit losses 288,010 268,020 843,100 767,620
Other income        
Income from bank-owned life insurance 3,422 3,460 9,550 10,448
Net investment securities (losses) gains (348) 10,442 4,702 11,388
Other income 1,311 2,387 6,696 5,106
Total other income 30,845 43,204 103,414 104,218
Other expense        
Employee compensation 69,391 64,092 199,433 187,887
Employee benefits 12,621 14,641 44,897 41,366
Net occupancy expense 12,809 12,488 38,930 37,614
Other real estate owned ("OREO") expense 298 201 1,289 459
Net losses on the sales of OREO properties 20 0 57 5
Software and equipment expense 9,597 8,540 27,772 25,673
Data processing expense 7,142 8,135 21,291 24,542
Bankcard processing expense 635 576 1,889 1,764
FDIC insurance expense 4,425 4,345 13,451 13,605
Other expense 39,776 33,723 115,234 115,419
Total other expense 156,714 146,741 464,243 448,334
Income before income taxes 162,141 164,483 482,271 423,504
Income taxes 33,437 33,735 97,990 87,729
Net income $ 128,704 $ 130,748 $ 384,281 $ 335,775
Earnings per common share:        
Basic $ 0.94 $ 0.92 $ 2.78 $ 2.36
Diluted $ 0.94 $ 0.92 $ 2.77 $ 2.36
Average outstanding shares:        
Basic 136,426,622 141,547,684 137,876,209 141,901,752
Diluted 137,031,300 141,960,608 138,371,305 142,209,810
Fees from trust services [Member]        
Other income        
Revenue from contract $ 5,118 $ 4,970 $ 15,165 $ 14,683
Fees from brokerage services [Member]        
Other income        
Revenue from contract 6,606 6,264 20,773 16,771
Fees from deposit services [Member]        
Other income        
Revenue from contract 10,082 10,145 29,728 29,116
Bankcard fees and merchant discounts [Member]        
Other income        
Revenue from contract 2,227 1,858 6,571 5,711
Other service charges, commissions, and fees [Member]        
Other income        
Revenue from contract 1,144 1,183 3,469 3,418
Income from mortgage banking activities [Member]        
Other income        
Revenue from contract $ 1,283 $ 2,495 $ 6,760 $ 7,577