XML 24 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans $ 208,646 $ 248,770 $ 656,943 $ 738,766
Investment securities 44,604 69,413 151,596 218,554
Other 1,322 5,219 7,950 15,140
Total interest income 254,572 323,402 816,489 972,460
Interest expense:        
Deposits 37,681 99,483 170,690 296,891
Borrowings 29,412 38,229 87,407 108,095
Total interest expense 67,093 137,712 258,097 404,986
Net interest income before provision for credit losses 187,479 185,690 558,392 567,474
Provision for credit losses 29,232 1,839 180,074 9,373
Net interest income after provision for credit losses 158,247 183,851 378,318 558,101
Non-interest income:        
Deposit service charges and fees 4,040 4,269 11,927 12,389
Gain on sale of loans, net 2,953 5,163 10,745 10,220
Gain on investment securities, net 7,181 3,835 10,564 13,736
Lease financing 13,934 18,583 45,565 52,774
Other non-interest income 8,184 6,006 19,140 20,329
Total non-interest income 36,292 37,856 97,941 109,448
Non-interest expense:        
Employee compensation and benefits 48,448 57,102 156,212 179,586
Occupancy and equipment 12,170 14,673 36,440 42,477
Deposit insurance expense 5,886 3,781 15,095 12,849
Professional fees 2,436 2,923 8,771 17,731
Technology and telecommunications 15,435 10,994 42,056 34,175
Depreciation of operating lease equipment 12,315 11,582 37,137 34,883
Gain (Loss) on Extinguishment of Debt   3,796   3,796
Other non-interest expense 11,937 16,455 38,154 42,584
Total non-interest expense 108,627 121,306 333,865 368,081
Income before income taxes 85,912 100,401 142,394 299,468
Provision for income taxes 19,353 24,182 30,278 75,826
Net income $ 66,559 $ 76,219 $ 112,116 $ 223,642
Earnings per common share, basic $ 0.70 $ 0.78 $ 1.17 $ 2.23
Earnings per common share, diluted $ 0.70 $ 0.77 $ 1.17 $ 2.23