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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Interest and fees on loans $ 174,228 $ 191,895 $ 348,277 $ 416,681
Interest and dividends on investment securities        
Taxable 8,840 16,103 15,855 36,375
Tax-exempt 14,366 14,616 28,528 29,498
Other interest 1,826 2,231 3,521 5,535
Total interest income 199,260 224,845 396,180 488,090
Interest expense        
Interest on deposits 4,609 13,178 10,519 49,844
Interest on federal funds purchased and securities sold under agreements to repurchase 30 51 55 420
Interest on other short-term funding 7 5 13 40
Interest on PPPLF funding 0 676 0 676
Interest on FHLB advances 9,524 15,470 19,017 33,096
Interest on long-term funding 5,575 5,593 11,160 11,200
Total interest expense 19,745 34,973 40,764 95,276
Net interest income 179,515 189,872 355,416 392,814
Provision for credit losses (35,004) 61,000 (58,009) 114,001
Net interest income after provision for credit losses 214,519 128,872 413,425 278,813
Noninterest income        
Noninterest Income In Scope of Topic 606 53,522 66,933 105,284 138,282
Capital markets, net 5,696 6,910 13,814 14,845
Mortgage banking, net 8,128 12,263 32,054 18,407
Bank and corporate owned life insurance 3,088 3,625 5,791 6,719
Asset gains (losses), net(a) (14) 157,361 4,796 157,284
Investment securities gains (losses), net 24 3,096 (16) 9,214
Gains on sale of branches, net(b) 36 0 1,038 0
Other 2,918 2,737 6,059 5,090
Total noninterest income 73,443 254,490 168,786 352,796
Noninterest expense        
Personnel 106,994 111,350 211,020 225,551
Technology 20,236 21,174 40,975 41,973
Occupancy 14,679 14,464 30,835 30,532
Business development and advertising 4,970 3,556 9,366 9,382
Equipment 5,481 5,312 10,999 10,751
Legal and professional 6,661 5,058 13,191 10,217
Loan and foreclosure costs 2,671 3,605 4,891 6,725
FDIC assessment 3,600 5,250 8,350 10,750
Other intangible amortization 2,203 2,872 4,439 5,686
Other 6,979 10,766 15,755 24,030
Total noninterest expense 174,475 183,407 349,821 375,598
Income (loss) before income taxes 113,487 199,955 232,389 256,012
Income tax expense (benefit) 22,480 51,238 47,082 61,457
Net income 91,007 148,718 185,307 194,555
Preferred stock dividends 4,875 4,144 10,082 7,945
Net income available to common equity $ 86,131 $ 144,573 $ 175,226 $ 186,611
Earnings per common share        
Basic $ 0.56 $ 0.94 $ 1.14 $ 1.21
Diluted $ 0.56 $ 0.94 $ 1.13 $ 1.20
Average common shares outstanding        
Basic 152,042 152,393 152,198 153,547
Diluted 153,381 153,150 153,473 154,360
Wealth management fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 $ 22,706 $ 20,916 $ 45,120 $ 41,732
Service charges and deposit account fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 15,549 11,484 30,404 26,706
Card-based fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 11,009 8,922 20,773 18,529
Card-based fees 10,982 8,893 20,725 18,490
Other fee-based revenue        
Noninterest income        
Noninterest Income In Scope of Topic 606 4,173 3,181 8,826 6,277
Card-based fees 4,244 4,774 8,840 9,272
Insurance commissions and fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 86 22,430 161 45,038
Risk Management and Shared Services | ABRC        
Noninterest income        
Gains on sale of branches, net(b)     163,000  
Operating Segments | Risk Management and Shared Services        
Interest expense        
Net interest income 15,999 17,929 30,464 38,190
Provision for credit losses (55,999) 41,858 (101,610) 77,579
Noninterest income        
Total noninterest income 3,195 165,242 9,379 171,465
Noninterest expense        
Total noninterest expense 19,810 9,733 40,086 33,843
Income (loss) before income taxes 35,065 110,350 61,492 69,065
Income tax expense (benefit) 7,823 34,065 14,560 25,451
Net income $ 27,242 $ 76,285 $ 46,932 $ 43,613