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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Loans $ 150,170 $ 151,026
Securities:    
Taxable interest 27,162 27,212
Tax-exempt interest 24,964 24,404
Total securities income 52,126 51,616
Federal funds and resell agreements 2,821 5,452
Interest-bearing due from banks 703 2,663
Trading securities 159 654
Total interest income 205,979 211,411
INTEREST EXPENSE    
Deposits 6,798 29,732
Federal funds and repurchase agreements 1,886 6,381
Other 3,180 1,357
Total interest expense 11,864 37,470
Net interest income 194,115 173,941
Provision for credit losses (7,500) 88,000
Net interest income after provision for credit losses 201,615 85,941
NONINTEREST INCOME    
Trust and securities processing 54,834 47,000
Trading and investment banking 9,356 1,723
Service charges on deposit accounts 21,976 25,081
Insurance fees and commissions 420 259
Brokerage fees 3,334 9,860
Bankcard fees 14,673 16,545
Investment securities (losses) gains, net (8,336) 3,520
Other 12,640 (5,564)
Total noninterest income 108,897 98,424
NONINTEREST EXPENSE    
Salaries and employee benefits 127,681 111,060
Occupancy, net 11,935 12,180
Equipment 19,615 21,241
Supplies and services 3,492 4,185
Marketing and business development 2,345 4,640
Processing fees 15,417 13,390
Legal and consulting 5,755 6,110
Bankcard 4,956 4,860
Amortization of other intangible assets 1,380 1,734
Regulatory fees 2,546 2,366
Other 5,824 6,853
Total noninterest expense 200,946 188,619
Income (loss) before income taxes 109,566 (4,254)
Income tax expense (benefit) 16,923 (815)
NET INCOME (LOSS) $ 92,643 $ (3,439)
PER SHARE DATA    
Net income (loss) – basic $ 1.93 $ (0.07)
Net income (loss) – diluted 1.91 (0.07)
Dividends $ 0.32 $ 0.31
Weighted average shares outstanding – basic 48,096,643 48,689,876
Weighted average shares outstanding – diluted 48,520,752 48,689,876