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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans, including fees $ 171,305 $ 189,848 $ 343,442 $ 375,120
Securities:        
Taxable 23,360 30,324 49,390 55,003
Tax-exempt 59,009 58,596 117,895 117,739
Interest-bearing deposits 1,257 7,828 9,382 18,467
Federal funds sold and resell agreements 63 1,541 865 3,129
Total interest income 254,994 288,137 520,974 569,458
Interest expense:        
Deposits 6,227 26,844 22,280 54,018
Federal funds purchased and repurchase agreements 486 5,220 3,523 10,236
Junior subordinated deferrable interest debentures 988 1,478 2,193 2,976
Subordinated notes 1,164 1,164 2,328 2,328
Federal Home Loan Bank advances 318 0 318 0
Total interest expense 9,183 34,706 30,642 69,558
Net interest income 245,811 253,431 490,332 499,900
Credit loss expense 31,975 6,400 207,172 17,403
Net interest income after credit loss expense 213,836 247,031 283,160 482,497
Non-interest income:        
Trust and investment management fees 31,060 30,448 65,533 62,145
Service charges on deposit accounts 17,580 21,798 40,231 42,588
Insurance commissions and fees 10,668 10,118 27,153 28,524
Interchange and debit card transaction fees 2,966 3,868 6,221 7,148
Other charges, commissions and fees 7,663 8,933 17,028 17,995
Net gain (loss) on securities transactions 0 169 108,989 169
Other 7,664 7,304 25,361 20,854
Total non-interest income 77,601 82,638 290,516 179,423
Non-interest expense:        
Salaries and wages 90,350 90,790 189,162 183,266
Employee benefits 18,861 20,051 43,750 43,577
Net occupancy 25,266 21,133 50,650 40,400
Technology, furniture and equipment 26,046 22,157 51,286 43,821
Deposit insurance 2,800 2,453 5,424 5,261
Intangible amortization 241 305 498 630
Other 36,115 46,320 83,072 88,054
Total non-interest expense 199,679 203,209 423,842 405,009
Income before income taxes 91,758 126,460 149,834 256,911
Income taxes \ (benefits) (1,314) 14,874 2,009 28,829
Net income 93,072 111,586 147,825 228,082
Preferred stock dividends 0 2,015 2,016 4,031
Redemption of preferred stock 0 0 5,514 0
Net income available to common shareholders $ 93,072 $ 109,571 $ 140,295 $ 224,051
Earnings per common share:        
Basic $ 1.47 $ 1.73 $ 2.22 $ 3.53
Diluted $ 1.47 $ 1.72 $ 2.21 $ 3.51