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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Interest and fees on loans $ 333,068 $ 288,277
Interest and dividends on investment securities:    
Taxable 21,933 22,876
Tax-exempt 3,926 4,804
Dividends 3,401 3,174
Interest on federal funds sold and other short-term investments 1,465 1,093
Total interest income 363,793 320,224
Interest on deposits:    
Savings, NOW and money market 34,513 36,283
Time 42,814 38,171
Interest on short-term borrowings 4,707 12,549
Interest on long-term borrowings and junior subordinated debentures 16,420 14,573
Total interest expense 98,454 101,576
Net Interest Income 265,339 218,648
Provision for credit losses for held to maturity securities 759 0
Provision for credit losses for loans 33,924 8,000
Net Interest Income After Provision for Credit Losses 230,656 210,648
Non-Interest Income    
Insurance commissions 1,951 2,525
Losses on securities transactions, net (40) (32)
Fees from loan servicing 2,748 2,430
Gains on sales of loans, net 4,550 4,576
Gains on sales of assets, net 121 77,720
Bank owned life insurance 3,142 1,887
Other 19,832 9,760
Total non-interest income 41,397 107,673
Non-Interest Expense    
Salary and employee benefits expense 85,728 83,105
Net occupancy and equipment expense 32,441 27,886
FDIC insurance assessment 3,876 6,121
Amortization of other intangible assets 5,470 4,311
Professional and legal fees 6,087 5,271
Amortization of tax credit investments 3,228 7,173
Telecommunication expense 2,287 2,268
Other 16,539 11,660
Total non-interest expense 155,656 147,795
Income Before Income Taxes 116,397 170,526
Income tax expense 29,129 57,196
Net Income 87,268 113,330
Dividends on preferred stock 3,172 3,172
Net Income Available to Common Shareholders $ 84,096 $ 110,158
Earnings Per Common Share:    
Basic (usd per share) $ 0.21 $ 0.33
Diluted (usd per share) 0.21 0.33
Cash Dividends Declared per Common Share (usd per share) $ 0.11 $ 0.11
Weighted Average Number of Common Shares Outstanding:    
Basic (in shares) 403,519,088 331,601,260
Diluted (in shares) 405,424,123 332,834,466
Trust and investment services    
Non-Interest Income    
Revenue from contracts with customer $ 3,413 $ 2,904
Service charges on deposit accounts    
Non-Interest Income    
Revenue from contracts with customer $ 5,680 $ 5,903