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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Interest and fees on loans $ 112.3 $ 120.0 $ 336.4 $ 352.3
Interest and dividends on investment securities:        
Taxable 15.5 15.1 48.4 45.9
Exempt from federal taxes 0.6 0.5 1.6 1.5
Interest on deposits in banks 0.5 5.7 3.5 14.3
Total interest income 128.9 141.3 389.9 414.0
Interest expense:        
Interest on deposits 3.4 13.4 15.2 39.6
Interest on securities sold under repurchase agreements 0.1 1.0 0.7 3.1
Interest on other debt 1.7 0.3 3.0 1.0
Interest on subordinated debentures held by subsidiary trusts 0.7 1.1 2.4 3.5
Total interest expense 5.9 15.8 21.3 47.2
Net interest income 123.0 125.5 368.6 366.8
Provision for credit losses 5.2 2.6 53.7 10.1
Net interest income after provision for credit losses 117.8 122.9 314.9 356.7
Non-interest income:        
Mortgage banking revenues 14.3 10.4 39.4 24.6
Investment securities gains (losses), net 0.1 0.1 0.1 0.1
Other income 4.6 4.0 12.5 13.4
Total non-interest income 44.7 38.2 122.8 107.5
Non-interest expense:        
Salaries and wages 46.0 40.1 130.1 115.3
Employee benefits 11.8 11.9 36.4 40.3
Outsourced technology services 8.4 7.9 24.5 23.9
Occupancy, net 7.2 7.1 21.3 21.2
Furniture and equipment 4.1 3.3 11.1 10.2
OREO expense, net of income 0.0 (0.8) (0.4) (0.5)
Professional fees 2.9 3.5 8.6 9.3
FDIC insurance premiums 1.3 0.4 4.5 3.5
Mortgage servicing rights impairment     9.9 0.0
Core deposit intangibles amortization 2.7 3.0 8.3 8.3
Other expenses 15.1 16.5 45.7 46.9
Acquisition related expenses 0.0 3.8 0.0 19.6
Noninterest Expense 99.5 96.7 290.1 298.0
Income before income tax expense 63.0 64.4 147.6 166.2
Income tax expense 14.7 15.3 33.3 37.6
Net income $ 48.3 $ 49.1 $ 114.3 $ 128.6
Earnings per common share, basic (in dollars per share) $ 0.76 $ 0.76 $ 1.78 $ 2.03
Earnings per common share, diluted (in dollars per share) $ 0.76 $ 0.76 $ 1.78 $ 2.03
Weighted average common shares outstanding, basic (in shares) 63,764,474 64,832,324 64,184,832 63,232,575
Weighted average common shares outstanding, diluted (in shares) 63,861,457 65,043,486 64,295,525 63,471,283
Payment services revenues        
Non-interest income:        
Non-interest income $ 10.5 $ 10.8 $ 30.0 $ 30.7
Wealth management revenues        
Non-interest income:        
Wealth management revenues 5.9 5.9 17.5 17.8
Service charges on deposit accounts        
Non-interest income:        
Non-interest income 4.3 5.3 13.3 15.7
Other service charges, commissions and fees        
Non-interest income:        
Non-interest income $ 5.0 $ 1.7 $ 10.0 $ 5.2