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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Loans, including fees $ 204,102 $ 220,392 $ 626,881 $ 688,032
Loans held for sale 635 833 1,954 2,104
Securities-taxable 33,936 30,863 98,287 95,172
Securities-tax exempt 4,724 4,831 14,269 14,629
Short-term investments 1,020 124 2,111 791
Total interest income 244,417 257,043 743,502 800,728
Interest expense:        
Deposits 5,090 14,783 21,381 76,349
Short-term borrowings 1,470 1,673 4,558 8,388
Long-term debt 3,148 5,404 13,624 11,754
Total interest expense 9,708 21,860 39,563 96,491
Net interest income 234,709 235,183 703,939 704,237
Provision for credit losses (26,955) 24,999 (49,095) 578,690
Net interest income after provision for credit losses 261,664 210,184 753,034 125,547
Noninterest income:        
Securities transactions, net   376 333 488
Other income 22,189 14,423 55,722 43,624
Total noninterest income 93,361 83,748 274,722 242,078
Noninterest expense:        
Compensation expense 92,601 97,095 289,034 286,922
Employee benefits 19,377 20,761 85,213 64,892
Personnel expense 111,978 117,856 374,247 351,814
Net occupancy expense 11,974 13,191 37,839 39,272
Equipment expense 4,894 5,355 14,067 14,724
Data processing expense 24,766 21,888 71,598 65,185
Professional services expense 12,748 14,372 37,472 35,098
Amortization of intangible assets 4,082 4,788 12,746 15,302
Deposit insurance and regulatory fees 3,680 4,108 10,042 15,039
Other real estate and foreclosed assets expense (income) (376) (482) (456) 9,188
Other expense 20,957 14,698 66,990 50,026
Total noninterest expense 194,703 195,774 624,545 595,648
Income (loss) before income taxes 160,322 98,158 403,211 (228,023)
Income taxes expense (benefit) 30,740 18,802 77,739 (79,274)
Net income (loss) $ 129,582 $ 79,356 $ 325,472 $ (148,749)
Earnings (loss) per common share-basic $ 1.46 $ 0.90 $ 3.67 $ (1.73)
Earnings (loss) per common share-diluted 1.46 0.90 3.67 (1.73)
Dividends paid per share $ 0.27 $ 0.27 $ 0.81 $ 0.81
Weighted average shares outstanding-basic 86,834 86,358 86,800 86,614
Weighted average shares outstanding-diluted 87,006 86,400 86,951 86,614
Service charges on deposit accounts        
Noninterest income:        
Service charges on deposit accounts $ 21,159 $ 18,440 $ 59,686 $ 56,795
Trust fees        
Noninterest income:        
Service charges on deposit accounts 16,041 14,424 47,351 43,390
Bank card and ATM fees        
Noninterest income:        
Service charges on deposit accounts 19,833 17,222 58,436 50,541
Investment and annuity fees and insurance commissions        
Noninterest income:        
Service charges on deposit accounts 7,167 5,988 21,956 18,504
Secondary mortgage market operations        
Noninterest income:        
Service charges on deposit accounts $ 6,972 $ 12,875 $ 31,238 $ 28,736