QUARTERLY FINANCIAL DATA (unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (unaudited)

QUARTERLY FINANCIAL DATA (unaudited)

The following tables set forth certain consolidated quarterly financial information of the Company for 2020 and 2019. During the first and second quarters of 2020, the Company recorded provision for credit losses of $41.0 million and $88.2 million, respectively, resulting from declines in forecast economic conditions related to the COVID-19 pandemic. During the third quarter of 2019, the Company recorded $65.2 million of pre-tax merger and conversion charges.

	Three Months Ended
(dollars in thousands, except per share data)	December 31, 2020		September 30, 2020		June 30, 2020		March 31, 2020
Selected Income Statement Data
Interest income	$	178,783	$	179,934	$	185,018	$	182,768
Interest expense	15,327		17,396		21,204		34,823
Net interest income	163,456		162,538		163,814		147,945
Provision for credit losses	(1,510)		17,682		88,161		41,047
Net interest income after provision for credit losses	164,966		144,856		75,653		106,898
Noninterest income	112,143		159,018		120,960		54,379
Other noninterest expense	151,116		153,736		154,873		137,513
Merger and conversion charges	—		(44)		895		540
Income before income taxes	125,993		150,182		40,845		23,224
Income tax	31,708		34,037		8,609		3,902
Net income	$	94,285	$	116,145	$	32,236	$	19,322
Per Share Data
Net income – basic	$	1.36	$	1.68	$	0.47	$	0.28
Net income – diluted	1.36		1.67		0.47		0.28
Common dividends - cash	0.15		0.15		0.15		0.15

	Three Months Ended
(dollars in thousands, except per share data)	December 31, 2019		September 30, 2019		June 30, 2019		March 31, 2019
Selected Income Statement Data
Interest income	$	194,076	$	188,361	$	129,028	$	124,929
Interest expense	38,725		39,592		27,377		25,534
Net interest income	155,351		148,769		101,651		99,395
Provision for credit losses	5,693		5,989		4,668		3,408
Net interest income after provision for credit losses	149,658		142,780		96,983		95,987
Noninterest income	55,113		76,993		35,236		30,771
Other noninterest expense	120,149		127,539		77,776		73,368
Merger and conversion charges	2,415		65,158		3,475		2,057
Income before income taxes	82,207		27,076		50,968		51,333
Income tax	20,959		5,692		12,064		11,428
Net income	$	61,248	$	21,384	$	38,904	$	39,905
Per Share Data
Net income – basic	$	0.88	$	0.31	$	0.82	$	0.84
Net income – diluted	0.88		0.31		0.82		0.84
Common dividends - cash	0.15		0.15		0.10		0.10