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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans, including fees $ 172,137 $ 185,272
Securities:    
Taxable 26,030 24,679
Tax-exempt 58,886 59,143
Interest-bearing deposits 8,125 10,639
Federal funds sold and resell agreements 802 1,588
Total interest income 265,980 281,321
Interest expense:    
Deposits 16,053 27,174
Federal funds purchased and repurchase agreements 3,037 5,016
Junior subordinated deferrable interest debentures 1,205 1,498
Other long-term borrowings 1,164 1,164
Total interest expense 21,459 34,852
Net interest income 244,521 246,469
Credit loss expense 175,197 11,003
Net interest income after credit loss expense 69,324 235,466
Non-interest income:    
Trust and investment management fees 34,473 31,697
Service charges on deposit accounts 22,651 20,790
Insurance commissions and fees 16,485 18,406
Interchange and debit card transaction fees 3,255 3,280
Other charges, commissions and fees 9,365 9,062
Net gain (loss) on securities transactions 108,989 0
Other 17,697 13,550
Total non-interest income 212,915 96,785
Non-interest expense:    
Salaries and wages 98,812 92,476
Employee benefits 24,889 23,526
Net occupancy 25,384 19,267
Technology, furniture and equipment 25,240 21,664
Deposit insurance 2,624 2,808
Intangible amortization 257 325
Other 46,957 41,734
Total non-interest expense 224,163 201,800
Income before income taxes 58,076 130,451
Income taxes 3,323 13,955
Net income 54,753 116,496
Preferred stock dividends 2,016 2,016
Redemption of preferred stock 5,514 0
Net income available to common shareholders $ 47,223 $ 114,480
Earnings per common share:    
Basic $ 0.75 $ 1.80
Diluted $ 0.75 $ 1.79