XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans, including fees $ 272,000 $ 246,177 $ 505,617 $ 506,144
Investment securities:        
Taxable 38,948 17,347 69,068 32,755
Tax-exempt 6,076 2,667 9,951 4,779
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks 8,635 1,350 11,487 2,339
Total interest income 325,659 267,541 596,123 546,017
Interest expense:        
Deposits 5,776 9,537 10,404 20,795
Federal funds purchased and securities sold under agreements to repurchase 781 323 1,050 673
Corporate and subordinated debentures 4,823 4,548 8,916 9,418
Other borrowings   3   3
Total interest expense 11,380 14,411 20,370 30,889
Net interest income 314,279 253,130 575,753 515,128
Provision (recovery) for credit losses 19,286 (58,793) 10,837 (117,213)
Net interest income after provision (recovery) for credit losses 294,993 311,923 564,916 632,341
Noninterest income:        
Securities gains, net   36   36
Other income 7,376 6,390 13,077 10,712
Total noninterest income 88,292 79,020 174,382 175,305
Noninterest expense:        
Salaries and employee benefits 137,037 137,379 274,710 277,740
Occupancy expense 22,759 22,844 44,599 46,175
Information services expense 19,947 19,078 39,140 37,867
OREO and loan related (income) expense (3) 240 (241) 1,242
Amortization of intangibles 8,847 8,968 17,341 18,132
Supplies, printing and postage expense 2,400 2,500 4,589 5,170
Professional fees 4,331 2,301 8,080 5,575
FDIC assessment and other regulatory charges 5,332 4,931 10,144 8,772
Advertising and marketing 2,286 1,659 4,049 3,399
Extinguishment of debt cost   11,706   11,706
Merger and branch consolidation related expense 5,390 32,970 15,666 42,979
Other expense 22,843 18,807 41,692 33,337
Total noninterest expense 231,169 263,383 459,769 492,094
Earnings:        
Income before provision for income taxes 152,116 127,560 279,529 315,552
Provision for income taxes 32,941 28,600 60,025 69,643
Net income $ 119,175 $ 98,960 $ 219,504 $ 245,909
Earnings per common share:        
Basic (in dollars per share) $ 1.58 $ 1.40 $ 2.99 $ 3.47
Diluted (in dollars per share) $ 1.57 $ 1.39 $ 2.96 $ 3.44
Weighted average common shares outstanding:        
Basic (in shares) 75,461 70,866 73,465 70,937
Diluted (in shares) 76,094 71,409 74,104 71,445
Fees on deposit accounts        
Noninterest income:        
Noninterest income $ 33,658 $ 23,936 $ 62,560 $ 49,218
Mortgage banking income        
Noninterest income:        
Noninterest income 5,480 10,115 16,074 36,995
Trust and investment services income        
Noninterest income:        
Noninterest income 9,831 9,733 19,549 18,311
Correspondent banking and capital market income        
Noninterest income:        
Noninterest income 27,604 25,877 55,598 54,625
SBA Income        
Noninterest income:        
Noninterest income $ 4,343 $ 2,933 $ 7,524 $ 5,408