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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest revenue:        
Loans, including fees $ 126,936 $ 122,645 $ 352,861 $ 357,575
Investment securities, including tax exempt of $1,895, $1,118, $4,988 and $3,409, respectively 14,558 17,744 47,567 57,638
Deposits in banks and short-term investments 279 226 1,497 1,074
Total interest revenue 141,773 140,615 401,925 416,287
Interest expense:        
Deposits 8,998 17,113 35,344 50,185
Short-term borrowings 2 429 3 838
Federal Home Loan Bank advances 27 521 28 2,695
Long-term debt 4,292 3,214 10,186 9,813
Total interest expense 13,319 21,277 45,561 63,531
Net interest revenue 128,454 119,338 356,364 352,756
Provision for credit losses 21,793 3,100 77,527 9,650
Net interest revenue after provision for credit losses 106,661 116,238 278,837 343,106
Noninterest income:        
Brokerage and wealth management fees 3,055 1,699 6,019 4,624
Gains from sales of other loans, net 1,175 1,639 3,889 4,412
Securities gains (losses), net 746 0 746 (118)
Other 10,302 7,119 23,074 20,433
Total noninterest income 48,682 29,031 114,734 74,530
Total revenue 155,343 145,269 393,571 417,636
Noninterest expenses:        
Salaries and employee benefits 59,067 50,501 162,236 146,161
Communications and equipment 6,960 6,223 19,462 18,233
Occupancy 7,050 5,921 18,709 17,424
Advertising and public relations 1,778 1,374 5,312 4,256
Postage, printing and supplies 1,703 1,618 4,986 4,733
Professional fees 5,083 4,715 14,003 11,930
Lending and loan servicing expense 3,043 2,556 8,525 7,509
Outside services - electronic banking 1,888 1,934 5,516 5,101
FDIC assessments and other regulatory charges 1,346 314 4,388 3,571
Amortization of intangibles 1,099 1,210 3,126 3,845
Merger-related and other charges 3,361 2,541 4,566 6,981
Other 3,603 4,017 10,670 11,077
Total noninterest expenses 95,981 82,924 261,499 240,821
Net income before income taxes 59,362 62,345 132,072 176,815
Income tax expense 11,755 13,983 27,485 40,106
Net income 47,607 48,362 104,587 136,709
Net income available to common shareholders $ 45,437 $ 48,011 $ 101,994 $ 135,727
Net income per common share:        
Basic (in dollars per share) $ 0.52 $ 0.60 $ 1.25 $ 1.70
Diluted (in dollars per share) $ 0.52 $ 0.60 $ 1.25 $ 1.70
Weighted average common shares outstanding:        
Basic (in shares) 87,129 79,663 81,815 79,714
Diluted (in shares) 87,205 79,667 81,876 79,718
Service charges and fees        
Noninterest income:        
Service charges and other related fees $ 8,260 $ 9,916 $ 23,893 $ 27,429
Mortgage loan gains and other related fees        
Noninterest income:        
Service charges and other related fees $ 25,144 $ 8,658 $ 57,113 $ 17,750