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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Interest and fees on loans $ 179,311 $ 175,130 $ 338,165 $ 340,001
Interest on federal funds sold and other short-term investments 1,868 5,405 5,833 11,242
Interest and dividends on securities:        
Taxable 16,241 17,748 33,210 35,111
Tax-exempt 1,297 962 1,991 1,988
Total interest income 198,717 199,245 379,199 388,342
Interest expense        
Interest on deposits 19,249 35,455 46,726 68,093
Interest on short-term borrowings 196 608 654 1,299
Interest on long-term borrowings 8,670 12,629 19,699 24,229
Total interest expense 28,115 48,692 67,079 93,621
Net interest income 170,602 150,553 312,120 294,721
Provision for credit losses 45,911 5,417 73,030 10,413
Net interest income after provision for credit losses 124,691 145,136 239,090 284,308
Other income        
Income from bank-owned life insurance 1,291 1,326 3,679 3,153
Mortgage loan servicing income 1,534 0 1,534 0
Net investment securities gains (losses) 1,510 109 1,706 (50)
Other income 547 310 1,271 666
Total other income 88,390 39,795 125,196 71,018
Other expense        
Employee compensation 68,664 44,301 113,205 83,250
Employee benefits 12,779 8,578 23,565 18,009
Net occupancy expense 10,318 8,667 19,380 17,418
Other real estate owned ("OREO") expense 607 633 1,513 2,049
Equipment expense 5,004 3,675 8,849 6,990
Data processing expense 15,926 5,567 21,432 10,729
Mortgage loan servicing expense and impairment 2,510 106 2,648 197
Bankcard processing expense 392 448 869 928
FDIC insurance expense 2,782 3,300 5,182 6,600
FHLB prepayment penalties 0 5,105 0 5,105
Other expense 30,392 19,815 53,864 38,345
Total other expense 149,374 100,195 250,507 189,620
Income before income taxes 63,707 84,736 113,779 165,706
Income taxes 11,021 17,529 20,910 34,857
Net income $ 52,686 $ 67,207 $ 92,869 $ 130,849
Earnings per common share:        
Basic $ 0.44 $ 0.66 $ 0.84 $ 1.28
Diluted $ 0.44 $ 0.66 $ 0.84 $ 1.28
Average outstanding shares:        
Basic 119,823,652 101,773,643 110,559,363 101,833,880
Diluted 119,887,823 102,047,845 110,624,976 102,099,809
Fees From Trust Services [Member]        
Other income        
Revenue from contract $ 3,261 $ 3,438 $ 6,744 $ 6,702
Fees from Brokerage Services [Member]        
Other income        
Revenue from contract 2,651 2,766 5,567 5,290
Fees from Deposit Services [Member]        
Other income        
Revenue from contract 8,055 8,464 16,012 16,517
Bankcard Fees and Merchant Discounts [Member]        
Other income        
Revenue from contract 718 1,102 1,711 2,258
Other Service Charges, Commissions, and Fees [Member]        
Other income        
Revenue from contract 610 576 1,128 1,097
Mortgage Banking [Member]        
Other income        
Revenue from contract $ 68,213 $ 21,704 $ 85,844 $ 35,385