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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans, including fees $ 220,392 $ 243,875 $ 688,032 $ 725,390
Loans held for sale 833 592 2,104 1,189
Securities-taxable 30,863 32,724 95,172 94,107
Securities-tax exempt 4,831 5,058 14,629 15,715
Short-term investments 124 915 791 3,424
Total interest income 257,043 283,164 800,728 839,825
Interest expense:        
Deposits 14,783 49,220 76,349 145,201
Short-term borrowings 1,673 7,729 8,388 23,658
Long-term debt 5,404 3,276 11,754 8,905
Total interest expense 21,860 60,225 96,491 177,764
Net interest income 235,183 222,939 704,237 662,061
Provision for credit losses 24,999 12,421 578,690 38,552
Net interest income (loss) after provision for credit losses 210,184 210,518 125,547 623,509
Noninterest income:        
Other income 14,799 16,325 44,112 40,773
Total noninterest income 83,748 83,230 242,078 232,983
Noninterest expense:        
Compensation expense 97,095 93,858 286,922 265,573
Employee benefits 20,761 18,622 64,892 57,240
Personnel expense 117,856 112,480 351,814 322,813
Net occupancy expense 13,191 13,156 39,272 38,101
Equipment expense 5,355 4,685 14,724 13,706
Data processing expense 21,888 21,532 65,185 60,951
Professional services expense 14,372 17,704 35,098 35,537
Amortization of intangible assets 4,788 4,889 15,302 15,074
Deposit insurance and regulatory fees 4,108 3,995 15,039 14,156
Other real estate and foreclosed asset (income) expense (482) 2,055 9,188 1,459
Other expense 14,698 33,058 50,026 71,024
Total noninterest expense 195,774 213,554 595,648 572,821
Income (loss) before income taxes 98,158 80,194 (228,023) 283,671
Income taxes expense (benefit) 18,802 12,387 (79,274) 48,423
Net income (loss) $ 79,356 $ 67,807 $ (148,749) $ 235,248
Earnings (loss) per common share-basic $ 0.90 $ 0.77 $ (1.73) $ 2.69
Earnings (loss) per common share-diluted 0.90 0.77 (1.73) 2.69
Dividends paid per share $ 0.27 $ 0.27 $ 0.81 $ 0.81
Weighted average shares outstanding-basic 86,358 86,377 86,614 85,934
Weighted average shares outstanding-diluted 86,400 86,462 86,614 86,010
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 18,440 $ 21,892 $ 56,795 $ 62,982
Trust fees        
Noninterest income:        
Service charges on deposit accounts 14,424 15,098 43,390 46,126
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 17,222 17,154 50,541 49,063
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 5,988 7,048 18,504 20,167
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 12,875 $ 5,713 $ 28,736 $ 13,872