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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 107.8 $ 112.0
Interest and dividends on investment securities:    
Taxable 15.8 17.2
Exempt from federal taxes 1.4 0.5
Interest on deposits in banks 0.3 2.5
Total interest income 125.3 132.2
Interest expense:    
Interest on deposits 2.3 7.3
Interest on securities sold under repurchase agreements 0.1 0.5
Interest on other debt 1.5 0.3
Interest on subordinated debentures held by subsidiary trusts 0.7 1.0
Total interest expense 4.6 9.1
Net interest income 120.7 123.1
(Reversal of) provision for credit losses (5.1) 29.0
Net interest income after provision for (reversal of) credit losses 125.8 94.1
Non-interest income:    
Gain (Loss) on Sale of Other Investments 0.0 0.0
Mortgage banking revenues 11.6 10.9
Other income 4.1 3.6
Total non-interest income 38.1 38.4
Non-interest expense:    
Salaries and wages 39.0 39.9
Employee benefits 16.1 14.2
Outsourced technology services 8.1 7.8
Occupancy, net 7.3 7.3
Furniture and equipment 4.4 2.8
OREO expense, net of income (0.1) (0.5)
Professional fees 3.4 2.7
FDIC insurance premiums 1.6 1.6
Core deposit intangibles amortization 2.5 2.9
Other expenses 16.1 16.3
Noninterest Expense 98.4 95.0
Income before income tax expense 65.5 37.5
Income tax expense 14.1 8.2
Net income $ 51.4 $ 29.3
Earnings per common share, basic (in dollars per share) $ 0.83 $ 0.45
Earnings per common share, diluted (in dollars per share) $ 0.83 $ 0.45
Weighted average common shares outstanding, basic (in shares) 61,591,877 64,790,186
Weighted average common shares outstanding, diluted (in shares) 61,714,063 64,937,107
Payment services revenues    
Non-interest income:    
Non-interest income $ 10.2 $ 10.2
Wealth management revenues    
Non-interest income:    
Wealth management revenues 6.3 6.2
Service charges on deposit accounts    
Non-interest income:    
Non-interest income 3.8 5.4
Other service charges, commissions, and fees    
Non-interest income:    
Non-interest income $ 2.1 $ 2.1