Financials

Income Statement

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2023 Y2022 Y2021 Y
Interest Income
Interest and fees on loans212,693146,538136,676
Interest and dividends on investment securities
Taxable48,33534,44523,071
Tax-exempt3,8544,9115,027
Interest on deposits in depository institutions6,3823,794693
Total Interest Income271,264189,688165,467
Interest Expense
Interest on deposits37,2877,4449,405
Interest on short-term borrowings12,0272,211489
Interest on FHLB long-term advances2,70900
Total Interest Expense52,0239,6559,894
Net Interest Income219,241180,033155,573
Provision for credit losses3,243474-3,165
Net Interest Income After Provision for Credit Losses215,998179,559158,738
Non-Interest Income
(Losses) gains on sale of investment securities, net-4,9084312
Unrealized gains recognized on equity securities still held, net432-1,585504
Service charges27,75128,33525,539
Bankcard revenue27,96027,34926,987
Trust and investment management fee income9,5638,7988,415
Bank owned life insurance6,0375,5593,895
Sale of VISA sharesN/A00
Other income3,7943,6173,989
Total Non-Interest Income70,62972,07769,641
Non-Interest Expense
Salaries and employee benefits73,16366,53661,850
Occupancy related expense11,31810,71810,083
Equipment and software related expense11,62911,79110,486
FDIC insurance expense2,9221,6731,583
Advertising3,1123,4053,091
Bankcard expenses7,4476,0326,455
Postage, delivery, and statement mailings2,5262,3622,323
Office supplies1,9451,7441,547
Legal and professional fees2,0352,1942,279
Telecommunications2,4112,6162,858
Repossessed asset losses, net of expenses2859-57
Merger related expenses5,1502680
Other expenses19,83514,90414,687
Total Non-Interest Expense143,521124,302117,185
Income Before Income Taxes143,106127,334111,194
Income tax expense28,74125,26323,114
Net Income Available to Common Shareholders114,365102,07188,080
Average shares outstanding, basic14,86814,84715,381
Effect of dilutive securities232626
Average shares outstanding, diluted14,89114,87315,407
Basic earnings per common share7.626.815.67
Diluted earnings per common share7.616.805.66
Consolidated Statements of Comprehensive Income (Loss)
Net income available to common shareholders 114,365102,07188,080
Available-for-Sale Securities
Unrealized gains (losses) on available-for-sale securities arising during the period21,442-192,359-24,857
Reclassification adjustment for net losses (gains)4,908-4-312
Reclassification of unrealized gain on held-to-maturity securities to available-for-saleN/A00
Other comprehensive income (loss) related to available-for-sale securities26,350-192,363-25,169
Other comprehensive income (loss) before income taxes27,471-192,280-22,321
Tax effect-6,52246,5325,348
Other comprehensive income (loss), net of tax20,949-145,748-16,973
Defined Benefit Pension Plan
Net gain (loss) arising during period777-6971,726
Reclassification adjustment for amortization of actuarial net gains in net periodic pension cost3447801,122
Change in underfunded pension liability1,121832,848
Comprehensive Income (Loss), Net of Tax135,314-43,67771,107

Data shown on this page is for convenience only, extracted from SEC filings.
For access to the original filings, please click the headers to be taken directly to the filing at the SEC website.