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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Interest and fees on loans $ 785,241 $ 998,099 $ 976,990
Interest and dividends on investment securities      
Taxable 59,806 100,304 119,741
Tax-exempt 58,320 57,565 44,782
Other interest 9,473 16,643 12,623
Total interest income 912,840 1,172,610 1,154,137
Interest expense      
Interest on deposits 67,639 237,286 176,118
Interest on federal funds purchased and securities sold under agreements to repurchase 485 1,579 2,006
Interest on other short-term funding 51 138 180
Interest on PPPLF Funding 1,984    
Interest on FHLB advances 57,359 69,816 73,668
Interest on long-term funding 22,365 28,116 22,585
Total interest expense 149,883 336,936 274,557
Net interest income 762,957 835,674 879,580
Provision for credit losses 174,006 16,000 0
Net interest income after provision for credit losses 588,950 819,674 879,580
Noninterest income      
Noninterest Income In Scope of Topic 606 246,077 288,247 290,084
Capital markets, net 27,966 19,862 20,120
Mortgage banking, net 45,580 31,878 19,911
Bank and corporate owned life insurance 13,771 14,845 13,951
Asset gains (losses), net(b) [1] 155,589 2,713 (1,103)
Investment securities gains (losses), net 9,222 5,957 (1,985)
Gains on sale of branches, net 7,449 0 0
Other 10,200 11,165 9,051
Total noninterest income 514,056 380,824 355,568
Noninterest expense      
Personnel 432,151 487,063 482,676
Technology 81,214 82,429 72,674
Occupancy 64,064 62,399 59,121
Business development and advertising 18,428 29,600 30,923
Equipment 21,705 23,550 23,243
Legal and professional 21,546 19,901 23,061
Loan and foreclosure costs 12,600 8,861 7,410
FDIC assessment 20,350 16,250 30,000
Other intangible amortization 10,192 9,948 8,159
Loss on prepayments of FHLB advances 44,650    
Other 46,688 46,666 55,530
Total noninterest expense 776,034 793,988 821,799
Income before income taxes 326,972 406,509 413,349
Income tax expense 20,200 79,720 79,786
Net income 306,771 326,790 333,562
Preferred stock dividends 18,358 15,202 10,784
Net income available to common equity $ 288,413 $ 311,587 $ 322,779
Earnings per common share      
Basic $ 1.87 $ 1.93 $ 1.92
Diluted $ 1.86 $ 1.91 $ 1.89
Average common shares outstanding      
Basic 153,005 160,534 167,345
Diluted 153,642 161,932 169,732
Insurance commissions and fees      
Noninterest income      
Noninterest Income In Scope of Topic 606 $ 45,245 $ 89,104 $ 89,511
Wealth management fees(a)      
Noninterest income      
Noninterest Income In Scope of Topic 606 [2] 84,957 83,467 82,562
Service charges and deposit account fees      
Noninterest income      
Noninterest Income In Scope of Topic 606 56,307 63,135 66,075
Card-based fees(b)      
Noninterest income      
Noninterest Income In Scope of Topic 606 38,605 39,912 39,810
Card-based fees 38,534 39,755 39,656
Other revenue      
Noninterest income      
Noninterest Income In Scope of Topic 606 20,963 12,629 12,126
Card-based fees 19,238 18,942 17,818
Risk Management and Shared Serivies [Member]      
Noninterest expense      
Loss on prepayments of FHLB advances 45,000    
Operating Segments [Member] | Risk Management and Shared Serivies [Member]      
Noninterest expense      
Acquisition related costs(c) [3] $ 2,447 $ 7,320 $ 29,002
[1] (b) The year ended December 31, 2020 includes a gain of $163 million from the sale of ABRC. The year ended December 31, 2019 includes less than $1 million of Huntington related asset losses. The year ended December 31, 2018 includes approximately $2 million of Bank Mutual acquisition related asset losses net of asset gains.
[2] (a) Includes trust, asset management, brokerage, and annuity fees.
[3] (c) Includes the First Staunton, Huntington branch, and Bank Mutual acquisition related costs only.