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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Loans $ 138,228,000 $ 159,978,000 $ 426,833,000 $ 462,462,000
Investment securities 19,082,000 19,452,000 59,706,000 53,463,000
Other short-term investments 1,775,000 2,533,000 4,817,000 6,210,000
Total interest income 159,085,000 181,963,000 491,356,000 522,135,000
Interest Expense        
Deposits 6,837,000 21,754,000 34,031,000 57,672,000
Borrowed funds 6,021,000 5,639,000 15,018,000 13,649,000
Senior and subordinated debt 3,498,000 3,783,000 10,769,000 10,691,000
Total interest expense 16,356,000 31,176,000 59,818,000 82,012,000
Net interest income 142,729,000 150,787,000 431,538,000 440,123,000
Provision for loan losses 15,927,000 12,498,000 88,108,000 34,433,000
Net interest income after provision for loan losses 126,802,000 138,289,000 343,430,000 405,690,000
Noninterest Income        
Wealth management fees 12,837,000 12,063,000 37,140,000 35,853,000
Service charges on deposit accounts 10,342,000 13,024,000 31,248,000 36,760,000
Mortgage banking income 6,659,000 3,066,000 11,924,000 5,971,000
Card-based fees 4,472,000 4,694,000 11,620,000 13,621,000
Other service charges, commissions, and fees 2,823,000 3,023,000 7,583,000 8,417,000
Capital market products income 886,000 4,161,000 6,302,000 7,594,000
Swap termination costs (14,285,000) 0 (14,285,000) 0
Net securities gains 14,328,000 0 13,323,000 0
Other income 2,523,000 2,920,000 8,083,000 8,167,000
Total noninterest income 40,585,000 42,951,000 112,938,000 116,383,000
Noninterest Expense        
Salaries and employee benefits 64,734,000 61,481,000 191,265,000 177,546,000
Net occupancy and equipment expense 13,736,000 12,787,000 43,079,000 38,878,000
Technology and related costs 10,416,000 6,960,000 28,817,000 20,358,000
Professional services 7,325,000 8,768,000 26,595,000 25,479,000
Net OREO expense 544,000 381,000 1,090,000 1,356,000
Other expenses 15,062,000 14,387,000 47,911,000 43,494,000
Optimization costs 18,376,000 0 18,376,000 0
Acquisition and integration related expenses 881,000 3,397,000 11,602,000 16,602,000
Delivering Excellence implementation costs 0 234,000 0 934,000
Total noninterest expense 131,074,000 108,395,000 368,735,000 324,647,000
Income before income tax expense 36,313,000 72,845,000 87,633,000 197,426,000
Income tax expense 8,690,000 18,300,000 21,340,000 49,809,000
Net income 27,623,000 54,545,000 66,293,000 147,617,000
Preferred dividends (4,033,000) 0 (5,070,000) 0
Net income applicable to unvested restricted shares (236,000) (465,000) (615,000) (1,257,000)
Net income applicable to common shares $ 23,354,000 $ 54,080,000 $ 60,608,000 $ 146,360,000
Per Common Share Data        
Basic earnings per common share (in dollars per share) $ 0.21 $ 0.49 $ 0.54 $ 1.36
Diluted earnings per common share (in dollars per share) 0.21 0.49 0.54 1.35
Dividends declared per common share (in dollars per share) $ 0.14 $ 0.14 $ 0.42 $ 0.40
Weighted-average common shares outstanding (in Shares) 113,160 109,281 112,079 107,852
Weighted-average diluted common shares outstanding (in Shares) 113,436 109,662 112,401 108,246