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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 112.0 $ 111.4
Interest and dividends on investment securities:    
Taxable 17.2 15.1
Exempt from federal taxes 0.5 0.5
Interest on deposits in banks 2.5 3.6
Total interest income 132.2 130.6
Interest expense:    
Interest on deposits 7.3 12.1
Interest on securities sold under repurchase agreements 0.5 1.0
Interest on other debt 0.3 0.3
Interest on subordinated debentures held by subsidiary trusts 1.0 1.2
Total interest expense 9.1 14.6
Net interest income 123.1 116.0
Provision for credit losses 29.0 3.7
Net interest income after provision for credit losses 94.1 112.3
Non-interest income:    
Mortgage banking revenues 13.6 4.1
Investment securities gains (losses), net 0.0 0.0
Other income 3.6 4.3
Total non-interest income 43.7 33.2
Non-interest expense:    
Salaries and wages 39.9 35.1
Employee benefits 14.2 14.4
Outsourced technology services 7.8 7.9
Occupancy, net 7.3 7.0
Furniture and equipment 2.8 3.5
OREO expense, net of income (0.5) 0.1
Professional fees 2.7 3.2
FDIC insurance premiums 1.6 1.5
Mortgage servicing rights amortization 1.5 0.9
Mortgage servicing rights impairment 2.9 0.0
Core deposit intangibles amortization 2.9 2.3
Other expenses 17.2 14.3
Acquisition related expenses 0.0 2.3
Total non-interest expense 100.3 92.5
Income before income tax expense 37.5 53.0
Income tax expense 8.2 11.4
Net income $ 29.3 $ 41.6
Earnings per common share, basic (in dollars per share) $ 0.45 $ 0.69
Earnings per common share, diluted (in dollars per share) $ 0.45 $ 0.69
Weighted average common shares outstanding, basic (in shares) 64,790,186 60,311,171
Weighted average common shares outstanding, diluted (in shares) 64,937,107 60,598,070
Payment services revenues    
Non-interest income:    
Non-interest income $ 10.2 $ 9.4
Wealth management revenues    
Non-interest income:    
Wealth management revenues 6.2 6.1
Service charges on deposit accounts    
Non-interest income:    
Non-interest income 5.4 5.0
Other service charges, commissions and fees    
Non-interest income:    
Non-interest income $ 4.7 $ 4.3