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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME      
Loans $ 585,957 $ 637,845 $ 559,351
Securities:      
Taxable interest 105,701 106,053 83,333
Tax-exempt interest 99,820 90,064 74,411
Total securities income 205,521 196,117 157,744
Federal funds and resell agreements 11,840 13,843 4,808
Interest-bearing due from banks 3,744 12,882 7,910
Trading securities 1,427 2,205 2,148
Total interest income 808,489 862,892 731,961
INTEREST EXPENSE      
Deposits 58,214 154,192 92,101
Federal funds and repurchase agreements 11,787 32,553 24,737
Other 7,259 5,242 4,677
Total interest expense 77,260 191,987 121,515
Net interest income 731,229 670,905 610,446
Provision for credit losses [1] 130,500 32,850 70,750
Net interest income after provision for credit losses 600,729 638,055 539,696
NONINTEREST INCOME      
Trust and securities processing 194,646 176,913 172,163
Trading and investment banking 32,945 23,466 15,584
Service charges on deposit accounts 83,879 82,748 84,287
Insurance fees and commissions 1,369 1,634 1,292
Brokerage fees 24,350 31,261 25,807
Bankcard fees 60,544 66,727 68,520
Investment securities gains, net 120,634 2,245 3,521
Other 41,799 41,776 30,524
Total noninterest income 560,166 426,770 401,698
NONINTEREST EXPENSE      
Salaries and employee benefits 495,464 461,445 419,091
Occupancy, net 47,476 47,771 45,239
Equipment 85,719 79,086 75,184
Supplies and services 15,537 18,699 16,103
Marketing and business development 14,679 26,257 24,372
Processing fees 54,213 52,198 46,977
Legal and consulting 29,765 31,504 29,859
Bankcard 18,954 17,750 17,514
Amortization of other intangible assets 6,517 5,506 5,764
Regulatory fees 10,279 11,489 12,695
Other 43,402 27,155 25,002
Total noninterest expense 822,005 778,860 717,800
Income before income taxes 338,890 285,965 223,594
Income tax expense 52,388 42,365 27,334
Income from continuing operations 286,502 243,600 196,260
Discontinued Operations      
Loss from discontinued operations before taxes     (917)
Income tax benefit     (170)
Loss from discontinued operations     (747)
NET INCOME $ 286,502 $ 243,600 $ 195,513
Basic:      
Income from continuing operations $ 5.95 $ 4.99 $ 3.98
Loss from discontinued operations     (0.01)
Net income – basic 5.95 4.99 3.97
Diluted:      
Income from continuing operations 5.93 4.96 3.94
Loss from discontinued operations     (0.01)
Net income – diluted 5.93 4.96 3.93
Dividends $ 1.25 $ 1.21 $ 1.17
Weighted average shares outstanding – basic 48,137,791 48,779,263 49,334,937
Weighted average shares outstanding – diluted 48,343,750 49,089,877 49,770,737
[1]

For the years ended December 31, 2019 and 2018, this line represents the Provision for loan losses. See further discussion of this change in Note 2, “New Accounting Pronouncements.”