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Consolidated Statements Of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Interest and fees on loans $ 280,479 $ 314,277 $ 877,064 $ 920,425
Mortgage loans held-for-sale 5,791 3,478 13,720 8,791
Interest bearing deposits with banks 1,181 10,326 7,259 20,832
Federal funds sold and securities purchased under resale agreements 0 310 102 310
Investment securities 21,819 24,758 81,391 80,435
Trading account securities 6 20 26 33
Federal Home Loan Bank and Federal Reserve Bank stock 1,774 1,294 5,116 4,088
Brokerage customer receivables 106 164 361 497
Total interest income 311,156 354,627 985,039 1,035,411
Interest expense        
Interest on deposits 39,084 76,168 156,576 204,168
Interest on Federal Home Loan Bank advances 4,947 1,774 13,241 8,417
Interest on other borrowings 3,012 3,466 9,994 10,624
Interest on subordinated notes 5,474 5,470 16,452 10,051
Interest on junior subordinated debentures 2,703 2,897 8,266 9,111
Total interest expense 55,220 89,775 204,529 242,371
Net interest income 255,936 264,852 780,510 793,040
Provision for credit losses 25,026 10,834 213,040 46,038
Net interest income after provision for credit losses 230,910 254,018 567,470 747,002
Non-interest income        
Mortgage banking 108,544 50,864 259,194 106,433
Revenue from contracts with customers 42,797 40,834 124,908 120,281
Gains (losses) on investment securities, net 411 710 (3,140) 2,938
Fees from covered call options 0 0 2,292 2,427
Trading gains (losses), net 183 11 (902) (204)
Operating lease income, net 11,717 12,025 35,486 34,554
Other 13,284 17,556 46,182 48,592
Total non-interest income 170,593 115,137 445,828 294,952
Non-interest expense        
Salaries and employee benefits 164,042 141,024 454,960 400,479
Equipment 17,251 13,314 47,931 37,843
Operating lease equipment depreciation 9,425 8,907 27,977 25,994
Occupancy, net 15,830 14,991 50,270 47,157
Data processing 5,689 6,522 24,468 20,251
Advertising and marketing 7,880 13,375 26,446 36,078
Professional fees 6,488 8,037 20,896 19,821
Amortization of other intangible assets 2,701 2,928 8,384 8,827
FDIC insurance 6,772 148 17,988 7,851
OREO expense, net (168) 1,170 (807) 3,092
Other 28,309 24,138 79,715 71,142
Total non-interest expense 264,219 234,554 758,228 678,535
Income before taxes 137,284 134,601 255,070 363,419
Income tax expense 29,969 35,480 63,284 93,686
Net income 107,315 99,121 191,786 269,733
Preferred stock dividends 10,286 2,050 14,386 6,150
Net income applicable to common shares $ 97,029 $ 97,071 $ 177,400 $ 263,583
Net income per common share-Basic (usd per share) $ 1.68 $ 1.71 $ 3.08 $ 4.65
Net income per common share-Diluted (usd per share) 1.67 1.69 3.06 4.60
Cash dividends declared per common share (usd per share) $ 0.28 $ 0.25 $ 0.84 $ 0.75
Weighted average common shares outstanding (in shares) 57,597 56,690 57,595 56,627
Dilutive potential common shares (in shares) 449 773 469 724
Average common shares and dilutive common shares (in shares) 58,046 57,463 58,064 57,351
Wealth management        
Non-interest income        
Revenue from contracts with customers $ 24,957 $ 23,999 $ 73,534 $ 72,115
Service charges on deposit accounts        
Non-interest income        
Revenue from contracts with customers $ 11,497 $ 9,972 $ 33,182 $ 28,097