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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans, including fees $ 167,483 $ 172,137
Securities:    
Taxable 20,028 26,030
Tax-exempt 56,663 58,886
Interest-bearing deposits 2,433 8,125
Federal funds sold 3 683
Resell agreements 1 119
Total interest income 246,611 265,980
Interest expense:    
Deposits 3,517 16,053
Federal funds purchased 8 79
Repurchase agreements 395 2,958
Junior subordinated deferrable interest debentures 646 1,205
Subordinated notes 1,164 1,164
Total interest expense 5,730 21,459
Net interest income 240,881 244,521
Credit loss expense 63 175,197
Net interest income after credit loss expense 240,818 69,324
Non-interest income:    
Trust and investment management fees 35,314 34,473
Service charges on deposit accounts 19,993 22,651
Insurance commissions and fees 17,313 16,485
Interchange and card transaction fees 4,093 3,255
Other charges, commissions and fees 8,304 9,365
Net gain (loss) on securities transactions 0 108,989
Other 8,219 17,697
Total non-interest income 93,236 212,915
Non-interest expense:    
Salaries and wages 93,458 98,812
Employee benefits 22,536 24,889
Net occupancy 26,051 25,384
Technology, furniture and equipment 28,016 25,240
Deposit insurance 2,928 2,624
Intangible amortization 202 257
Other 36,951 46,957
Total non-interest expense 210,142 224,163
Income before income taxes 123,912 58,076
Income taxes 7,897 3,323
Net income 116,015 54,753
Preferred stock dividends 2,151 2,016
Redemption of preferred stock 0 5,514
Net income available to common shareholders $ 113,864 $ 47,223
Earnings per common share:    
Basic $ 1.78 $ 0.75
Diluted $ 1.77 $ 0.75