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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income      
Interest and fees on loans $ 1,198,908 $ 1,033,993 $ 734,474
Interest and dividends on investment securities:      
Taxable 86,926 87,306 72,676
Tax-exempt 17,420 21,504 15,399
Dividends 12,023 13,209 9,812
Interest on other short-term investments 5,723 3,236 1,793
Total interest income 1,321,000 1,159,248 834,154
Interest on deposits:      
Savings, NOW and money market 145,177 108,394 55,300
Time 166,693 81,959 42,546
Interest on short-term borrowings 47,862 45,930 18,034
Interest on long-term borrowings and junior subordinated debentures 63,220 65,762 58,227
Total interest expense 422,952 302,045 174,107
Net Interest Income 898,048 857,203 660,047
Provision for credit losses 24,218 32,501 9,942
Net Interest Income After Provision for Credit Losses 873,830 824,702 650,105
Non-Interest Income      
Insurance commissions 10,409 15,213 18,156
Losses on securities transactions, net (150) (2,342) (20)
Other-than-temporary impairment losses on securities (2,928) 0 0
Portion recognized in other comprehensive income (before taxes) 0 0 0
Net impairment losses on securities recognized in earnings (2,928) 0 0
Fees from loan servicing 9,794 9,319 7,384
Gains on sales of loans, net 18,914 20,515 20,814
Gains (losses) on sales of assets, net 78,333 (2,401) (95)
Bank owned life insurance 8,232 8,691 7,338
Other 55,634 45,607 25,062
Total non-interest income 214,520 134,052 111,706
Non-Interest Expense      
Salary and employee benefits expense 327,431 333,816 263,337
Net occupancy and equipment expense 118,191 108,763 92,243
FDIC insurance assessment 21,710 28,266 19,821
Amortization of other intangible assets 18,080 18,416 10,016
Professional and legal fees 20,810 34,141 25,834
Loss on extinguishment of debt 31,995 0 0
Amortization of tax credit investments 20,392 24,200 41,747
Telecommunication expenses 9,883 12,102 9,921
Other 63,063 69,357 46,154
Total non-interest expense 631,555 629,061 509,073
Income Before Income Taxes 456,795 329,693 252,738
Income tax expense 147,002 68,265 90,831
Net Income 309,793 261,428 161,907
Dividends on preferred stock 12,688 12,688 9,449
Net Income Available to Common Shareholders $ 297,105 $ 248,740 $ 152,458
Earnings Per Common Share:      
Basic (in usd per share) $ 0.88 $ 0.75 $ 0.58
Diluted (in usd per share) 0.87 0.75 0.58
Cash dividends declared per common share (in usd per share) $ 0.44 $ 0.44 $ 0.44
Weighted Average Number of Common Shares Outstanding:      
Basic (in shares) 337,792,270 331,258,964 264,038,123
Diluted (in shares) 340,117,808 332,693,718 264,889,007
Trust and Investment Services      
Non-Interest Income      
Services $ 12,646 $ 12,633 $ 11,538
Deposit Account      
Non-Interest Income      
Services $ 23,636 $ 26,817 $ 21,529