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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans and leases $ 323,023 $ 325,548
Investment securities interest and dividend income 30,852 39,493
Overnight investments 1,448 4,518
Total interest income 355,323 369,559
Interest expense    
Deposits 8,793 24,194
Securities sold under customer repurchase agreements 338 442
Federal Home Loan Bank borrowings 2,087 2,984
Subordinated debt 4,188 2,755
Interest Expense, Other 265 784
Total interest expense 15,671 31,159
Net interest income 339,652 338,400
Provision (credit) for loan and lease losses (10,974) 28,355
Net interest income after provision for loan and lease losses 350,626 310,045
Noninterest income    
Other service charges and fees 8,489 7,792
Insurance commissions 16,011 (51,408)
Realized gains on investment securities available for sale, net 9,207 19,795
Other 1,860 625
Total noninterest income 136,649 64,011
Noninterest expense    
Salaries and wages 147,830 145,255
Employee benefits 35,725 38,511
Occupancy expense 29,743 27,480
Equipment expense 29,803 27,850
Processing fees paid to third parties 13,673 10,372
FDIC insurance expense 3,218 3,466
Collection and foreclosure-related expenses 2,198 4,054
Merger-related expenses 6,819 4,232
Other 26,917 38,751
Total noninterest expense 295,926 299,971
Income before income taxes 191,349 74,085
Income taxes 44,033 16,916
Net income 147,316 57,169
Preferred stock dividends 4,636 0
Net income available to common shareholders $ 142,680 $ 57,169
Average shares outstanding (in shares) 9,816,405 10,473,119
Net income per share $ 14.53 $ 5.46
Service charges on deposit accounts    
Noninterest income    
Revenue from contract with customers $ 19,960 $ 18,160
Cardholder services, net    
Noninterest income    
Revenue from contract with customers 8,917 5,888
Mortgage income    
Noninterest income    
Revenue from contract with customers 32,198 26,412
Merchant services, net    
Noninterest income    
Revenue from contract with customers 21,536 26,413
ATM income    
Noninterest income    
Revenue from contract with customers 12,991 5,224
Realized gains on investment securities available for sale, net    
Noninterest income    
Revenue from contract with customers 3,998 3,688
Gain on extinguishment of debt    
Noninterest income    
Revenue from contract with customers $ 1,482 $ 1,422