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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Loans including fees:    
Taxable $ 128,727 $ 138,972
Nontaxable 3,625 4,223
Investment securities:    
Taxable 27,356 28,037
Nontaxable 7,942 7,408
Money market and other interest-earning investments 349 278
Total interest income 167,999 178,918
Interest Expense    
Deposits 12,298 16,444
Federal funds purchased and interbank borrowings 1,240 1,918
Securities sold under agreements to repurchase 384 662
Federal Home Loan Bank advances 7,768 9,931
Other borrowings 2,538 2,915
Total interest expense 24,228 31,870
Net interest income 143,771 147,048
Provision for loan losses [1] 16,950 1,043
Net interest income after provision for loan losses 126,821 146,005
Noninterest Income    
Wealth management fees 8,884 8,535
Service charges on deposit accounts 10,077 10,826
Debit card and ATM fees 4,998 5,503
Mortgage banking revenue 11,119 5,011
Investment product fees 5,874 5,271
Capital markets income 4,328 2,517
Company-owned life insurance 3,080 3,188
Debt securities gains (losses), net 5,174 (103)
Other income 3,968 5,668
Total noninterest income 57,502 46,416
Noninterest Expense    
Salaries and employee benefits 79,173 71,183
Occupancy 15,133 14,578
Equipment 5,305 4,474
Marketing 3,097 3,723
Data processing 9,467 9,341
Communication 2,798 3,054
Professional fees 4,293 2,910
Loan expenses 1,771 1,912
FDIC assessment 1,609 2,087
Amortization of intangibles 3,776 4,472
Amortization of tax credit investments 5,515 260
Other expense 26,807 5,047
Total noninterest expense 158,744 123,041
Income before income taxes 25,579 69,380
Income tax expense 2,939 13,104
Net income $ 22,640 $ 56,276
Net income per common share - basic (in dollars per share) $ 0.13 $ 0.32
Net income per common share - diluted (in dollars per share) $ 0.13 $ 0.32
Weighted average number of common shares outstanding - basic (in shares) 167,748 174,734
Weighted average number of common shares outstanding - diluted (in shares) 168,404 175,368
Dividends per common share (in dollars per share) $ 0.14 $ 0.13
[1] Net income per common share - basic