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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Intangible assets amortization $ 9,839 $ 11,126 $ 9,671
Interest income      
Loans and leases, including fees 385,535 431,657 499,009
Investment securities      
Taxable 79,212 73,789 90,168
Tax-exempt 18,323 19,242 17,596
Total interest on investment securities 97,535 93,031 107,764
Other earning assets 147 275 805
Total interest income 483,217 524,963 607,578
Interest expense      
Deposits 14,435 41,922 79,032
Short-term borrowings 198 6,442 25,235
Long-term borrowings 16,466 20,088 19,057
Total interest expense 31,099 68,452 123,324
Net interest income 452,118 456,511 484,254
Provision for loan and lease losses (19,024) 70,796 30,598
Provision for Other Credit Losses 903 (237) (165)
Net interest income after provision for credit losses 470,239 385,952 453,821
Noninterest income      
Service charges on deposit accounts 31,876 29,446 37,939
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 23,780 21,286 20,728
Bankcard income 14,300 11,726 18,804
Client derivative fees 7,927 10,313 15,662
Foreign exchange income 44,793 39,377 7,739
Net gain from sales of loans 33,021 51,176 14,851
Net gain (loss) on sales/transfers of investment securities (759) 4,563 (406)
Equity Securities, FV-NI, Unrealized Gain (Loss) 702 9,045 575
Other 15,866 12,191 15,481
Total noninterest income 171,506 189,123 131,373
Noninterest expenses      
Salaries and employee benefits 245,924 236,779 209,061
Net occupancy 22,142 23,266 24,069
Furniture and equipment 13,819 14,968 15,903
Data processing 31,363 27,514 21,881
Marketing 7,983 6,414 6,908
Communication 2,930 3,492 3,267
Professional services 11,676 9,961 11,254
Gain (Loss) on Extinguishment of Debt 0 7,257 0
State intangible tax 4,256 6,058 5,829
FDIC assessments 5,630 5,110 1,973
Other 45,250 38,719 32,516
Total noninterest expenses 400,812 390,664 342,332
Income before income taxes 240,933 184,411 242,862
Income tax expense 35,773 28,601 44,787
Net income $ 205,160 $ 155,810 $ 198,075
Earnings per common share      
Basic $ 2.16 $ 1.60 $ 2.01
Diluted $ 2.14 $ 1.59 $ 2.00
Average common shares outstanding - basic 95,034,690 97,363,952 98,305,570
Average common shares outstanding - diluted 95,897,385 98,093,098 98,851,471