Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED) (Note 21)

	Quarters Ended 2019
	March 31		June 30			September 30			December 31
	(in thousands, except for share data)
Interest income	$	320,224	$	327,742		$	329,261		$	343,773
Interest expense	101,576		107,508			108,636			105,232
Net interest income	218,648		220,234			220,625			238,541
Provision for credit losses	8,000		2,100			8,700			5,418
Non-interest income:
Net impairment losses on securities recognized in earnings	—		(2,928		)	—			—
Gains on sales of loans, net	4,576		3,930			5,194			5,214
Gains (losses) on sales of assets, net	77,720		(564		)	(159		)	1,336
Other non-interest income	25,377		27,165			36,115			31,544
Non-interest expense:
Loss on extinguishment of debt	—		—			—			31,995
Amortization of tax credit investments	7,173		4,863			4,385			3,971
Other non-interest expense	140,622		136,874			141,492			160,180
Income before income taxes	170,526		104,000			107,198			75,071
Income tax expense	57,196		27,532			25,307			36,967
Net income	113,330		76,468			81,891			38,104
Dividend on preferred stock	3,172		3,172			3,172			3,172
Net income available to common shareholders	110,158		73,296			78,719			34,932
Earnings per common share:
Basic	$	0.33	$	0.22		$	0.24		$	0.10
Diluted	0.33		0.22			0.24			0.10
Cash dividends declared per common share	0.11		0.11			0.11			0.11
Weighted average number of common shares outstanding:
Basic	331,601,260		331,748,552			331,797,982			355,821,005
Diluted	332,834,466		332,959,802			333,405,196			358,864,876

	Quarters Ended 2018
	March 31			June 30			September 30			December 31
	(in thousands, except for share data)
Interest income	$	267,495		$	280,118		$	297,041		$	314,594
Interest expense	59,897			69,366			80,241			92,541
Net interest income	207,598			210,752			216,800			222,053
Provision for credit losses	10,948			7,142			6,552			7,859
Non-interest income:
Gains on sales of loans, net	6,753			7,642			3,748			2,372
Losses on sales of assets	(97		)	(125		)	(1,899		)	(280		)
Other non-interest income	25,595			30,552			27,189			32,602
Non-interest expense:
Amortization of tax credit investments	5,274			4,470			5,412			9,044
Other non-interest expense	168,478			145,446			146,269			144,668
Income before income taxes	55,149			91,763			87,605			95,176
Income tax expense	13,184			18,961			18,046			18,074
Net income	41,965			72,802			69,559			77,102
Dividend on preferred stock	3,172			3,172			3,172			3,172
Net income available to common shareholders	38,793			69,630			66,387			73,930
Earnings per common share:
Basic	$	0.12		$	0.21		$	0.20		$	0.22
Diluted	0.12			0.21			0.20			0.22
Cash dividends declared per common share	0.11			0.11			0.11			0.11
Weighted average number of common shares outstanding:
Basic	330,727,416			331,318,381			331,486,500			331,492,648
Diluted	332,465,527			332,895,483			333,000,242			332,856,385