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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Loans, including fees $ 680,064 $ 741,747 $ 669,002
Securities:      
Taxable 93,569 117,082 86,370
Tax-exempt 233,614 233,842 233,358
Interest-bearing deposits 12,893 35,590 56,968
Federal funds sold and resell agreements 895 5,524 5,500
Total interest income 1,021,035 1,133,785 1,051,198
Interest expense:      
Deposits 32,018 99,742 75,337
Federal funds purchased and repurchase agreements 4,482 19,675 8,021
Junior subordinated deferrable interest debentures 3,560 5,706 5,291
Subordinated notes 4,656 4,657 4,657
Federal Home Loan Bank advances 318 0 0
Total interest expense 45,034 129,780 93,306
Net interest income 976,001 1,004,005 957,892
Credit loss expense 241,230 33,759 21,685
Net interest income after credit loss expense 734,771 970,246 936,207
Non-interest income:      
Trust and investment management fees 129,272 126,722 119,391
Service charges on deposit accounts 80,873 88,983 85,186
Insurance commissions and fees 50,313 52,345 48,967
Interchange and debit card transaction fees 13,470 14,873 13,877
Other charges, commissions and fees 34,825 37,123 37,231
Net gain (loss) on securities transactions 108,989 293 (156)
Other 47,712 43,563 46,790
Total non-interest income 465,454 363,902 351,286
Non-interest expense:      
Salaries and wages 387,328 375,029 350,312
Employee benefits 75,676 86,230 77,323
Net occupancy 102,938 89,466 76,788
Technology, furniture and equipment 105,232 91,995 83,102
Deposit insurance 10,502 10,126 16,397
Intangible amortization 918 1,168 1,424
Other 166,310 180,665 173,466
Total non-interest expense 848,904 834,679 778,812
Income before income taxes 351,321 499,469 508,681
Income taxes 20,170 55,870 53,763
Net income 331,151 443,599 454,918
Preferred stock dividends 2,016 8,063 8,063
Redemption of preferred stock 5,514 0 0
Net income available to common shareholders $ 323,621 $ 435,536 $ 446,855
Earnings per common share:      
Basic (in dollars per share) $ 5.11 $ 6.89 $ 6.97
Diluted (in dollars per share) $ 5.10 $ 6.84 $ 6.90