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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans, including fees $ 207,163 $ 209,066 $ 399,913 $ 422,779
Loans held for sale 443 648 1,134 1,319
Securities-taxable 39,015 33,148 76,179 64,351
Securities-tax exempt 4,718 4,762 9,373 9,545
Short-term investments 3,525 676 5,051 1,091
Total interest income 254,864 248,300 491,650 499,085
Interest expense:        
Deposits 5,051 7,064 8,829 16,291
Short-term borrowings 959 1,555 2,378 3,088
Long-term debt 3,122 5,038 6,248 10,476
Total interest expense 9,132 13,657 17,455 29,855
Net interest income 245,732 234,643 474,195 469,230
Provision for credit losses (9,761) (17,229) (32,288) (22,140)
Net interest income after provision for credit losses 255,493 251,872 506,483 491,370
Noninterest income:        
Securities transactions, net   333 (87) 333
Other income 14,988 17,881 29,985 33,533
Total noninterest income 85,653 94,272 169,085 181,361
Noninterest expense:        
Compensation expense 94,155 100,587 180,148 196,433
Employee benefits 21,015 42,067 42,418 65,836
Personnel expense 115,170 142,654 222,566 262,269
Net occupancy expense 12,225 12,955 23,905 25,865
Equipment expense 4,703 4,392 9,570 9,173
Data processing expense 26,169 23,885 50,408 46,832
Professional services expense 8,423 13,473 16,216 24,724
Amortization of intangible assets 3,586 4,245 7,334 8,664
Deposit insurance and regulatory fees 3,503 2,967 7,243 6,362
Other real estate and foreclosed assets income, net (88) (86) (1,852) (80)
Other expense 13,406 32,285 31,646 46,033
Total noninterest expense 187,097 236,770 367,036 429,842
Income before income taxes 154,049 109,374 308,532 242,889
Income taxes expense 32,614 20,656 63,619 46,999
Net income $ 121,435 $ 88,718 $ 244,913 $ 195,890
Earnings per common share-basic $ 1.39 $ 1.00 $ 2.79 $ 2.21
Earnings per common share-diluted 1.38 1.00 2.78 2.20
Dividends paid per share $ 0.27 $ 0.27 $ 0.54 $ 0.54
Weighted average shares outstanding-basic 86,067 86,814 86,362 86,783
Weighted average shares outstanding-diluted 86,354 86,990 86,654 86,932
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 20,495 $ 19,381 $ 42,169 $ 38,527
Trust fees        
Noninterest income:        
Service charges on deposit accounts 17,309 16,307 32,588 31,310
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 21,870 20,483 42,266 38,603
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 8,001 7,331 15,428 14,789
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 2,990 $ 12,556 $ 6,736 $ 24,266