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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income:    
Interest and fees on loans and leases $ 346,276 $ 190,536
Taxable interest and dividends on investments 53,724 39,614
Non-taxable interest on investment securities 9,802 5,333
Loans held for sale 26 91
Total interest income 409,828 235,574
Interest Expense:    
Deposits 7,399 6,439
Securities sold under agreements to repurchase and other borrowings 957 635
Federal Home Loan Bank advances 56 513
Long-term debt 7,168 4,223
Total interest expense 15,580 11,810
Net interest income 394,248 223,764
Provision (benefit) for credit losses 188,845 (25,750)
Net interest income after provision (benefit) for credit losses 205,403 249,514
Non-interest Income:    
Deposit service fees 47,827 40,469
Loan and lease related fees 22,679 8,313
Wealth and investment services 10,597 9,403
Mortgage banking activities 428 2,642
Increase in cash surrender value of life insurance policies 6,732 3,533
Other income 15,772 12,397
Total non-interest income 104,035 76,757
Non-interest Expense:    
Compensation and benefits 184,002 107,600
Occupancy 18,615 15,650
Technology and equipment 55,401 28,516
Intangible assets amortization 6,387 1,139
Marketing 3,509 2,504
Professional and outside services 54,091 9,776
Deposit insurance 5,222 3,956
Other expense 32,558 18,841
Total non-interest expense 359,785 187,982
(Loss) income before income taxes (50,347) 138,289
Income tax (benefit) expense (33,600) 30,211
Net (loss) income (16,747) 108,078
Less: Preferred stock dividends 3,431 1,969
Net (loss) income available to common shareholders (20,178) 106,109
(Loss) earnings applicable to common shareholders $ (20,178) $ 106,109
(Loss) earnings per common share:    
Basic (in dollars per share) $ (0.14) $ 1.18
Diluted (in dollars per share) $ (0.14) $ 1.17