Quarterly Financial Summary (Unaudited)

12 Months Ended

Dec. 31, 2019

The following is a summary of quarterly financial information for the years ended December 31, 2019 and 2018:



	2019 Quarters								2018 Quarters
(In thousands, except per share data)	First		Second		Third		Fourth		First			Second		Third		Fourth
Interest income	$	333,970	$	346,814	$	354,627	$	349,731	$	261,205		$	284,047	$	304,962	$	320,596
Interest expense	71,984		80,612		89,775		87,852		36,123			45,877		57,399		66,508
Net interest income	261,986		266,202		264,852		261,879		225,082			238,170		247,563		254,088
Provision for credit losses	10,624		24,580		10,834		7,826		8,346			5,043		11,042		10,401
Net interest income after provision for credit losses	251,362		241,622		254,018		254,053		216,736			233,127		236,521		243,687
Non-interest income, excluding net securities gains (losses)	80,293		97,294		114,427		111,633		86,030			95,221		99,840		77,957
Gains (losses) on investment securities, net	1,364		864		710		587		(351		)	12		90		(2,649		)
Non-interest expense	214,374		229,607		234,554		249,591		194,349			206,769		213,637		211,333
Income before taxes	118,645		110,173		134,601		116,682		108,066			121,591		122,814		107,662
Income tax expense	29,499		28,707		35,480		30,718		26,085			32,011		30,866		28,005
Net income	$	89,146	$	81,466	$	99,121	$	85,964	$	81,981		$	89,580	$	91,948	$	79,657
Preferred stock dividends	2,050		2,050		2,050		2,050		2,050			2,050		2,050		2,050
Net income applicable to common shares	$	87,096	$	79,416	$	97,071	$	83,914	$	79,931		$	87,530	$	89,898	$	77,607
Net income per common share:
Basic	$	1.54	$	1.40	$	1.71	$	1.46	$	1.42		$	1.55	$	1.59	$	1.38
Diluted	1.52		1.38		1.69		1.44		1.40			1.53		1.57		1.35
Cash dividends declared per common share	0.25		0.25		0.25		0.25		0.19			0.19		0.19		0.19