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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest Income      
Interest and fees on loans $ 1,257,389 $ 1,284,707 $ 1,198,908
Interest and dividends on investment securities:      
Taxable 56,026 70,249 86,926
Tax-exempt 11,716 14,563 17,420
Dividends 7,357 11,644 12,023
Interest on federal funds sold and other short-term investments 1,738 2,556 5,723
Total interest income 1,334,226 1,383,719 1,321,000
Interest on deposits:      
Savings, NOW and money market 42,879 76,169 145,177
Time 25,094 106,067 166,693
Interest on short-term borrowings 5,374 11,372 47,862
Interest on long-term borrowings and junior subordinated debentures 50,978 71,207 63,220
Total interest expense 124,325 264,815 422,952
Net Interest Income 1,209,901 1,118,904 898,048
(Credit) provision for credit losses for held to maturity securities (263) 635 0
Provision for credit losses for loans 32,896 125,087 24,218
Net Interest Income After Provision for Credit Losses 1,177,268 993,182 873,830
Non-Interest Income      
Insurance commissions 7,810 7,398 10,409
Gains (losses) on securities transactions, net 1,758 524 (150)
Other-than-temporary impairment losses on securities 0 0 (2,928)
Fees from loan servicing 11,651 10,352 9,794
Gains on sales of loans, net 26,669 42,251 18,914
Gains (losses) on sales of assets, net 901 (1,891) 78,333
Bank owned life insurance 8,817 10,083 8,232
Other 61,073 83,643 55,634
Non-interest income 155,013 183,032 214,520
Non-Interest Expense      
Salary and employee benefits expense 375,865 333,221 327,431
Net occupancy and equipment expense 132,098 129,002 118,191
FDIC insurance assessment 14,183 18,949 21,710
Amortization of other intangible assets 21,827 24,645 18,080
Professional and legal fees 38,432 32,348 20,810
Loss on extinguishment of debt 8,406 12,036 31,995
Amortization of tax credit investments 10,910 13,335 20,392
Telecommunication expenses 11,409 10,737 9,883
Other 78,412 71,875 63,063
Total non-interest expense 691,542 646,148 631,555
Income Before Income Taxes 640,739 530,066 456,795
Income tax expense 166,899 139,460 147,002
Net Income 473,840 390,606 309,793
Dividends on preferred stock 12,688 12,688 12,688
Net Income Available to Common Shareholders $ 461,152 $ 377,918 $ 297,105
Earnings Per Common Share:      
Basic (in USD per share) $ 1.13 $ 0.94 $ 0.88
Diluted (in USD per share) 1.12 0.93 0.87
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) 407,445,379 403,754,356 337,792,270
Diluted (in shares) 410,018,328 405,046,207 340,117,808
Trust and Investment Services      
Non-Interest Income      
Services $ 14,910 $ 12,415 $ 12,646
Deposit Account      
Non-Interest Income      
Services $ 21,424 $ 18,257 $ 23,636