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Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Interest and fees on loans $ 166,358 $ 172,351 $ 505,276 $ 518,938
Interest on taxable securities 5,296 7,259 16,658 26,688
Interest on nontaxable securities 139 159 419 473
Interest on deposits in other banks and federal funds sold 1,253 165 2,394 1,621
Total interest income 173,046 179,934 524,747 547,720
Interest expense        
Interest on deposits 5,106 11,822 17,679 50,197
Interest on other borrowings 6,279 5,574 18,578 23,226
Total interest expense 11,385 17,396 36,257 73,423
Net interest income 161,661 162,538 488,490 474,297
Provision for loan losses (3,984) 26,692 (21,462) 132,188
Provision for unfunded commitments (5,516) (10,131) (16,056) 13,581
Provision for other credit losses (175) 1,121 (606) 1,121
Provision for credit losses (9,675) 17,682 (38,124) 146,890
Net interest income after provision for credit losses 171,336 144,856 526,614 327,407
Noninterest income        
Service charges on deposit accounts 11,486 10,914 33,322 32,680
Mortgage banking activity 56,460 138,627 225,177 278,885
Other service charges, commissions and fees 1,154 1,039 3,226 2,949
Net gain on securities 530 0 519 5
Other noninterest income 6,932 8,438 21,531 19,838
Total noninterest income 76,562 159,018 283,775 334,357
Noninterest expense        
Salaries and employee benefits 79,671 96,698 261,161 267,812
Occupancy and equipment 11,979 13,805 34,572 39,640
Data processing and communications expenses 10,681 12,226 34,442 34,694
Credit resolution-related expenses 377 802 1,546 3,950
Advertising and marketing 2,676 966 6,053 4,779
Amortization of intangible assets 3,387 4,190 11,578 15,422
Merger and conversion charges 183 (44) 183 1,391
Other noninterest expenses 28,242 25,049 72,220 79,825
Total noninterest expense 137,196 153,692 421,755 447,513
Income (loss) before income tax expense 110,702 150,182 388,634 214,251
Income tax expense 29,022 34,037 93,665 46,548
Net income 81,680 116,145 294,969 167,703
Other comprehensive income (loss)        
Net unrealized holding gains (losses) arising during period on investment securities available-for-sale, net of tax expense (benefit) of $(834), $(663), $(3,089) and $5,080 (3,139) (2,494) (11,620) 19,110
Net unrealized gains on cash flow hedge during the period, net of tax benefit of $0, $35, $0 and $39 0 133 0 147
Total other comprehensive income (loss) (3,139) (2,361) (11,620) 19,257
Comprehensive income $ 78,541 $ 113,784 $ 283,349 $ 186,960
Basic earnings per common share (in dollars per share) $ 1.18 $ 1.68 $ 4.25 $ 2.42
Diluted earnings per common share (in dollars per share) $ 1.17 $ 1.67 $ 4.23 $ 2.42
Weighted average common shares outstanding        
Basic (in shares) 69,440 69,231 69,445 69,243
Diluted (in shares) 69,756 69,346 69,772 69,403