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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Interest and fees on loans $ 285,698 $ 274,100
Mortgage loans held-for-sale 6,087 9,036
Interest-bearing deposits with banks 1,687 1,199
Federal funds sold and securities purchased under resale agreements 431 0
Investment securities 32,398 19,264
Trading account securities 5 2
Federal Home Loan Bank and Federal Reserve Bank stock 1,772 1,745
Brokerage customer receivables 174 123
Total interest income 328,252 305,469
Interest expense    
Interest on deposits 14,854 27,944
Interest on Federal Home Loan Bank advances 4,816 4,840
Interest on other borrowings 2,239 2,609
Interest on subordinated notes 5,482 5,477
Interest on junior subordinated debentures 1,567 2,704
Total interest expense 28,958 43,574
Net interest income 299,294 261,895
Provision for credit losses 4,106 (45,347)
Net interest income after provision for credit losses 295,188 307,242
Non-interest income    
Revenue from contracts with customers 54,552 47,768
Mortgage banking 77,231 113,494
(Losses) gains on investment securities, net (2,782) 1,154
Fees from covered call options 3,742 0
Trading gains, net 3,889 419
Operating lease income, net 15,475 14,440
Other 18,558 15,654
Total non-interest income 162,790 186,506
Non-interest expense    
Salaries and employee benefits 172,355 180,809
Software and equipment 22,810 20,912
Operating lease equipment depreciation 9,708 10,771
Occupancy, net 17,824 19,996
Data processing 7,505 6,048
Advertising and marketing 11,924 8,546
Professional fees 8,401 7,587
Amortization of other acquisition-related intangible assets 1,609 2,007
FDIC insurance 7,729 6,558
Other real estate owned expense, net (1,032) (251)
Other 25,465 23,906
Total non-interest expense 284,298 286,889
Income before taxes 173,680 206,859
Income tax expense 46,289 53,711
Net income 127,391 153,148
Preferred stock dividends 6,991 6,991
Net income applicable to common shares $ 120,400 $ 146,157
Net income per common share-Basic (usd per share) $ 2.11 $ 2.57
Net income per common share-Diluted (usd per share) 2.07 2.54
Cash dividends declared per common share (usd per share) $ 0.34 $ 0.31
Weighted average common shares outstanding (in shares) 57,196 56,904
Dilutive potential common shares (in shares) 862 681
Average common shares and dilutive common shares (in shares) 58,058 57,585
Wealth management    
Non-interest income    
Revenue from contracts with customers $ 31,394 $ 29,309
Service charges on deposit accounts    
Non-interest income    
Revenue from contracts with customers $ 15,283 $ 12,036