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Condensed Consolidated Statements of Net Income - 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 $ 246,065 $ 280,825 $ 752,209 $ 581,566
Investment securities:        
Taxable 20,410 11,118 53,165 33,951
Tax-exempt 2,775 2,136 7,554 5,041
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks 2,199 1,215 4,538 3,100
Total interest income 271,449 295,294 817,466 623,658
Interest expense:        
Deposits 7,267 15,154 28,061 42,215
Federal funds purchased and securities sold under agreements to repurchase 259 509 933 1,515
Corporate and subordinated debentures 3,896 5,034 13,314 8,197
Other borrowings 41 4,249 44 10,813
Total interest expense 11,463 24,946 42,352 62,740
Net interest income 259,986 270,348 775,114 560,918
(Recovery) provision for credit losses (38,903) 29,797 (156,116) 217,804
Net interest income after (recovery) provision for credit losses 298,889 240,551 931,230 343,114
Noninterest income:        
Securities gains, net 64 15 100 15
Other 10,942 8,571 27,062 14,125
Total noninterest income 87,010 114,790 262,315 213,269
Noninterest expense:        
Salaries and employee benefits 136,969 134,919 414,709 277,617
Occupancy expense 23,135 23,845 69,310 52,091
Information services expense 18,061 18,855 55,928 40,317
OREO expense and loan related 1,527 1,146 2,769 2,840
Amortization of intangibles 8,543 9,560 26,675 17,232
Supplies, printing and postage expense 2,310 2,755 7,480 5,870
Professional fees 2,415 4,385 7,990 9,727
FDIC assessment and other regulatory charges 4,245 2,849 13,017 7,310
Advertising and marketing 2,185 1,203 5,584 2,548
Extinguishment of debt cost     11,706  
Merger and branch consolidation related expense 17,618 21,662 60,598 66,070
Other 15,282 15,708 48,618 37,624
Total noninterest expense 232,290 236,887 724,384 519,246
Earnings:        
Income before provision for income taxes 153,609 118,454 469,161 37,137
Provision for income taxes 30,821 23,233 100,464 2,741
Net income $ 122,788 $ 95,221 $ 368,697 $ 34,396
Earnings per common share:        
Basic (in dollars per share) $ 1.75 $ 1.34 $ 5.22 $ 0.70
Diluted (in dollars per share) $ 1.74 $ 1.34 $ 5.19 $ 0.69
Weighted average common shares outstanding:        
Basic (in shares) 70,066 70,905 70,643 49,330
Diluted (in shares) 70,576 71,076 71,108 49,636
Fees on deposit accounts        
Noninterest income:        
Noninterest income $ 26,130 $ 24,346 $ 75,348 $ 59,166
Mortgage banking income        
Noninterest income:        
Noninterest income 15,560 48,022 52,555 81,040
Trust and investment services income        
Noninterest income:        
Noninterest income 9,150 7,404 27,461 21,931
Correspondent banking and capital market income        
Noninterest income:        
Noninterest income $ 25,164 $ 26,432 $ 79,789 $ 36,992