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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Interest and fees on loans $ 112.1 $ 120.9 $ 224.1 $ 232.3
Interest and dividends on investment securities:        
Taxable 15.7 15.7 32.9 30.8
Exempt from federal taxes 0.5 0.5 1.0 1.0
Interest on deposits in banks 0.5 5.0 3.0 8.6
Total interest income 128.8 142.1 261.0 272.7
Interest expense:        
Interest on deposits 4.5 14.1 11.8 26.2
Interest on securities sold under repurchase agreements 0.1 1.1 0.6 2.1
Interest on other debt 1.0 0.4 1.3 0.7
Interest on subordinated debentures held by subsidiary trusts 0.7 1.2 1.7 2.4
Total interest expense 6.3 16.8 15.4 31.4
Net interest income 122.5 125.3 245.6 241.3
Provision for credit losses 19.5 3.8 48.5 7.5
Net interest income after provision for credit losses 103.0 121.5 197.1 233.8
Non-interest income:        
Mortgage banking revenues 14.2 9.0 25.1 14.2
Investment securities gains (losses), net 0.0 0.0 0.0 0.0
Other income 4.3 5.1 7.9 9.4
Total non-interest income 39.7 37.6 78.1 69.3
Non-interest expense:        
Salaries and wages 44.2 40.1 84.1 75.2
Employee benefits 10.4 14.0 24.6 28.4
Outsourced technology services 8.3 8.1 16.1 16.0
Occupancy, net 6.8 7.1 14.1 14.1
Furniture and equipment 4.2 3.4 7.0 6.9
OREO expense, net of income 0.1 0.2 (0.4) 0.3
Professional fees 3.0 2.6 5.7 5.8
FDIC insurance premiums 1.6 1.6 3.2 3.1
Mortgage servicing rights impairment     8.4 0.0
Core deposit intangibles amortization 2.7 3.0 5.6 5.3
Other expenses 14.3 16.7 30.6 30.4
Acquisition related expenses 0.0 13.5 0.0 15.8
Noninterest Expense 95.6 110.3 190.6 201.3
Income before income tax expense 47.1 48.8 84.6 101.8
Income tax expense 10.4 10.9 18.6 22.3
Net income $ 36.7 $ 37.9 $ 66.0 $ 79.5
Earnings per common share, basic (in dollars per share) $ 0.57 $ 0.59 $ 1.02 $ 1.27
Earnings per common share, diluted (in dollars per share) $ 0.57 $ 0.59 $ 1.02 $ 1.27
Weighted average common shares outstanding, basic (in shares) 64,004,455 64,504,546 64,397,320 62,419,442
Weighted average common shares outstanding, diluted (in shares) 64,082,489 64,707,459 64,513,886 62,668,391
Payment services revenues        
Non-interest income:        
Non-interest income $ 9.3 $ 10.5 $ 19.5 $ 19.9
Wealth management revenues        
Non-interest income:        
Wealth management revenues 5.4 5.8 11.6 11.9
Service charges on deposit accounts        
Non-interest income:        
Non-interest income 3.6 5.4 9.0 10.4
Other service charges, commissions and fees        
Non-interest income:        
Non-interest income $ 2.9 $ 1.8 $ 5.0 $ 3.5