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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans, including fees $ 228,917 $ 243,233 $ 467,640 $ 481,515
Loans held for sale 650 344 1,271 597
Securities-taxable 31,702 30,244 64,309 61,383
Securities-tax exempt 4,854 5,211 9,798 10,657
Short-term investments 219 1,346 667 2,509
Total interest income 266,342 280,378 543,685 556,661
Interest expense:        
Deposits 22,629 49,843 61,566 95,981
Short-term borrowings 2,253 7,847 6,715 15,929
Long-term debt 3,594 2,820 6,350 5,629
Total interest expense 28,476 60,510 74,631 117,539
Net interest income 237,866 219,868 469,054 439,122
Provision for credit losses 306,898 8,088 553,691 26,131
Net interest income (loss) after provision for credit losses (69,032) 211,780 (84,637) 412,991
Noninterest income:        
Other income 13,134 14,980 29,313 24,448
Total noninterest income 73,943 79,250 158,330 149,753
Noninterest expense:        
Compensation expense 98,756 87,747 189,827 171,715
Employee benefits 21,653 18,888 44,131 38,618
Personnel expense 120,409 106,635 233,958 210,333
Net occupancy expense 13,559 12,961 26,081 24,945
Equipment expense 4,752 4,342 9,369 9,021
Data processing expense 21,250 20,088 43,297 39,419
Professional services expense 10,985 9,665 20,726 17,833
Amortization of intangible assets 5,169 5,047 10,514 10,185
Deposit insurance and regulatory fees 5,116 4,755 10,931 10,161
Other real estate and foreclosed asset (income) expense (460) 395 9,670 (596)
Other expense 15,759 19,679 35,328 37,966
Total noninterest expense 196,539 183,567 399,874 359,267
Income (loss) before income taxes (191,628) 107,463 (326,181) 203,477
Income taxes expense (benefit) (74,556) 19,186 (98,076) 36,036
Net income (loss) $ (117,072) $ 88,277 $ (228,105) $ 167,441
Earnings (loss) per common share-basic $ (1.36) $ 1.01 $ (2.64) $ 1.92
Earnings (loss) per common share-diluted (1.36) 1.01 (2.64) 1.92
Dividends paid per share $ 0.27 $ 0.27 $ 0.54 $ 0.54
Weighted average shares outstanding-basic 86,301 85,728 86,744 85,708
Weighted average shares outstanding-diluted 86,301 85,835 86,744 85,810
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 15,518 $ 20,723 $ 38,355 $ 41,090
Trust fees        
Noninterest income:        
Service charges on deposit accounts 14,160 15,904 28,966 31,028
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 15,957 16,619 33,319 31,909
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 5,366 6,591 12,516 13,119
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 9,808 $ 4,433 $ 15,861 $ 8,159