v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - 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        
Interest and fees on loans $ 822,981 $ 797,997 $ 1,620,870 $ 1,566,359
Mortgage loans held-for-sale 6,169 4,872 10,784 9,118
Interest-bearing deposits with banks 20,916 34,317 40,066 71,083
Federal funds sold and securities purchased under resale agreements 5 276 69 455
Investment securities 105,716 78,053 205,994 150,069
Trading account securities 0 0 0 11
Federal Home Loan Bank and Federal Reserve Bank stock 5,625 5,393 11,189 10,700
Brokerage customer receivables 0 0 0 78
Total interest income 961,412 920,908 1,888,972 1,807,873
Interest expense        
Interest on deposits 325,033 333,470 634,220 653,703
Interest on Federal Home Loan Bank advances 28,218 25,724 55,919 51,165
Interest on other borrowings 3,121 6,957 7,147 13,749
Interest on subordinated notes 3,739 3,735 7,458 7,449
Interest on junior subordinated debentures 3,935 4,328 7,838 8,639
Total interest expense 364,046 374,214 712,582 734,705
Net interest income 597,366 546,694 1,176,390 1,073,168
Provision for credit losses 23,134 22,234 52,728 46,197
Net interest income after provision for credit losses 574,232 524,460 1,123,662 1,026,971
Non-interest income        
Wealth management 39,883 36,821 81,942 70,863
Mortgage banking 27,438 23,170 50,834 43,699
Service charges on deposit accounts 21,240 19,502 42,210 38,864
Gains on investment securities, net 1,845 650 1,814 3,846
Fees from covered call options 4,793 5,624 9,462 9,070
Trading gains, net 70 151 80 87
Operating lease income, net 18,804 15,166 37,958 30,453
Other 27,196 23,005 51,111 43,841
Total non-interest income 141,269 124,089 275,411 240,723
Non-interest expense        
Salaries and employee benefits 234,089 219,541 462,536 431,067
Software and equipment 39,288 36,522 74,942 71,239
Operating lease equipment 11,187 10,757 22,174 21,228
Occupancy, net 21,153 20,228 41,719 41,006
Data processing 10,659 12,110 21,925 23,384
Advertising and marketing 20,432 18,761 33,650 31,033
Professional fees 9,342 9,243 16,717 18,287
Amortization of other acquisition-related intangible assets 4,921 5,580 9,879 11,198
FDIC insurance 6,640 10,971 17,630 21,897
Other real estate owned expense, net 786 505 993 1,148
Other 39,040 37,243 78,004 76,064
Total non-interest expense 397,537 381,461 780,169 747,551
Income before taxes 317,964 267,088 618,904 520,143
Income tax expense 84,271 71,561 157,823 135,577
Net income 233,693 195,527 461,081 384,566
Preferred stock dividends 8,367 6,991 16,734 13,982
Net income applicable to common shares $ 225,326 $ 188,536 $ 444,347 $ 370,584
Net income per common share-Basic (usd per share) $ 3.34 $ 2.82 $ 6.60 $ 5.55
Net income per common share-Diluted (usd per share) 3.30 2.78 6.52 5.47
Cash dividends declared per common share (usd per share) $ 0.55 $ 0.50 $ 1.10 $ 1.00
Weighted average common shares outstanding (in shares) 67,434 66,931 67,341 66,829
Dilutive potential common shares (in shares) 852 888 852 903
Average common shares and dilutive common shares (in shares) 68,286 67,819 68,193 67,732