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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Interest and fees on loans $ 224,786,000 $ 258,853,000
Interest and dividends on investment securities    
Taxable 20,272,000 29,053,000
Tax-exempt 14,882,000 13,816,000
Other interest 3,304,000 4,226,000
Total interest income 263,244,000 305,948,000
Interest expense    
Interest on deposits 36,666,000 62,773,000
Interest on federal funds purchased and securities sold under agreements to repurchase 368,000 627,000
Interest on other short-term funding 39,000 51,000
Interest on FHLB advances 17,626,000 19,554,000
Interest on long-term funding 5,604,000 7,396,000
Total interest expense 60,303,000 90,401,000
Net interest income 202,942,000 215,547,000
Provision for credit losses 53,001,000 6,000,000
Net interest income after provision for credit losses 149,941,000 209,547,000
Noninterest income    
Noninterest Income In Scope of Topic 606 71,348,000 72,738,000
Capital markets, net 7,935,000 3,189,000
Mortgage banking, net 6,143,000 4,712,000
Bank and corporate owned life insurance 3,094,000 3,792,000
Asset gains (losses), net (77,000) 567,000
Investment securities gains (losses), net 6,118,000 1,680,000
Other 2,352,000 3,260,000
Total noninterest income 98,306,000 91,202,000
Noninterest expense    
Personnel 114,200,000 120,050,000
Technology 20,799,000 19,012,000
Occupancy 16,069,000 16,472,000
Business development and advertising 5,826,000 6,636,000
Equipment 5,439,000 5,668,000
Legal and professional 5,160,000 3,951,000
Loan and foreclosure costs 3,120,000 2,146,000
FDIC assessment 5,500,000 3,750,000
Other intangible amortization 2,814,000 2,226,000
Other 11,543,000 11,128,000
Total noninterest expense 192,191,000 191,671,000
Income (loss) before income taxes 56,056,000 109,078,000
Income tax expense 10,219,000 22,392,000
Net income 45,838,000 86,686,000
Preferred stock dividends 3,801,000 3,801,000
Net income available to common equity $ 42,037,000 $ 82,885,000
Earnings per common share    
Basic $ 0.27 $ 0.50
Diluted $ 0.27 $ 0.50
Average common shares outstanding    
Basic 154,701 163,928
Diluted 155,619 165,433
Insurance commissions and fees    
Noninterest income    
Noninterest Income In Scope of Topic 606 $ 22,608,000 $ 25,464,000
Wealth management fees(a)    
Noninterest income    
Noninterest Income In Scope of Topic 606 [1] 20,816,000 20,180,000
Service charges and deposit account fees    
Noninterest income    
Noninterest Income In Scope of Topic 606 15,222,000 15,115,000
Card-based fees    
Noninterest income    
Noninterest Income In Scope of Topic 606 9,607,000 9,295,000
Service charges and account fees 9,597,000 9,261,000
Other fee-based revenue    
Noninterest income    
Noninterest Income In Scope of Topic 606 3,096,000 2,684,000
Service charges and account fees 4,497,000 3,983,000
Operating Segments | Risk Management and Shared Services    
Interest expense    
Net interest income 14,537,000 11,567,000
Provision for credit losses 34,719,000 (12,518,000)
Noninterest income    
Total noninterest income 5,854,000 5,533,000
Noninterest expense    
Acquisition related costs(b) [2] 1,721,000 632,000
Total noninterest expense 23,162,000 22,414,000
Income (loss) before income taxes (43,838,000) 6,384,000
Income tax expense (9,149,000) 1,840,000
Net income $ (34,689,000) $ 4,543,000
[1] (a) Includes trust, asset management, brokerage, and annuity fees.
[2] (b) Includes Huntington branch and First Staunton acquisition related costs only.