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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Loans, including fees $ 209,066 $ 228,917 $ 422,779 $ 467,640
Loans held for sale 648 650 1,319 1,271
Securities-taxable 33,148 31,702 64,351 64,309
Securities-tax exempt 4,762 4,854 9,545 9,798
Short-term investments 676 219 1,091 667
Total interest income 248,300 266,342 499,085 543,685
Interest expense:        
Deposits 7,064 22,629 16,291 61,566
Short-term borrowings 1,555 2,253 3,088 6,715
Long-term debt 5,038 3,594 10,476 6,350
Total interest expense 13,657 28,476 29,855 74,631
Net interest income 234,643 237,866 469,230 469,054
Provision for credit losses (17,229) 306,898 (22,140) 553,691
Net interest income (loss) after provision for credit losses 251,872 (69,032) 491,370 (84,637)
Noninterest income:        
Securities transactions, net 333   333 112
Other income 17,881 13,134 33,533 29,201
Total noninterest income 94,272 73,943 181,361 158,330
Noninterest expense:        
Compensation expense 100,587 98,756 196,433 189,827
Employee benefits 42,067 21,653 65,836 44,131
Personnel expense 142,654 120,409 262,269 233,958
Net occupancy expense 12,955 13,559 25,865 26,081
Equipment expense 4,392 4,752 9,173 9,369
Data processing expense 23,885 21,250 46,832 43,297
Professional services expense 13,473 10,985 24,724 20,726
Amortization of intangible assets 4,245 5,169 8,664 10,514
Deposit insurance and regulatory fees 2,967 5,116 6,362 10,931
Other real estate and foreclosed assets expense (income) (86) (460) (80) 9,670
Other expense 32,285 15,759 46,033 35,328
Total noninterest expense 236,770 196,539 429,842 399,874
Income (loss) before income taxes 109,374 (191,628) 242,889 (326,181)
Income taxes expense (benefit) 20,656 (74,556) 46,999 (98,076)
Net income (loss) $ 88,718 $ (117,072) $ 195,890 $ (228,105)
Earnings (loss) per common share-basic $ 1.00 $ (1.36) $ 2.21 $ (2.64)
Earnings (loss) per common share-diluted 1.00 (1.36) 2.20 (2.64)
Dividends paid per share $ 0.27 $ 0.27 $ 0.54 $ 0.54
Weighted average shares outstanding-basic 86,814 86,301 86,783 86,744
Weighted average shares outstanding-diluted 86,990 86,301 86,932 86,744
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 19,381 $ 15,518 $ 38,527 $ 38,355
Trust fees        
Noninterest income:        
Service charges on deposit accounts 16,307 14,160 31,310 28,966
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 20,483 15,957 38,603 33,319
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 7,331 5,366 14,789 12,516
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 12,556 $ 9,808 $ 24,266 $ 15,861