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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Interest and fees on loans $ 105.4 $ 112.1 $ 213.2 $ 224.1
Interest and dividends on investment securities:        
Taxable 15.8 15.7 31.6 32.9
Exempt from federal taxes 1.4 0.5 2.8 1.0
Interest on deposits in banks 0.7 0.5 1.0 3.0
Total interest income 123.3 128.8 248.6 261.0
Interest expense:        
Interest on deposits 2.2 4.5 4.5 11.8
Interest on securities sold under repurchase agreements 0.1 0.1 0.2 0.6
Interest on other debt 1.5 1.0 3.0 1.3
Interest on subordinated debentures held by subsidiary trusts 0.7 0.7 1.4 1.7
Total interest expense 4.5 6.3 9.1 15.4
Net interest income 118.8 122.5 239.5 245.6
(Reversal of) provision for credit losses 0.0 19.5 (5.1) 48.5
Net interest income after provision for (reversal of) credit losses 118.8 103.0 244.6 197.1
Non-interest income:        
Investment securities gains (losses), net (0.1) 0.0 (0.1) 0.0
Mortgage banking revenues 9.6 14.2 21.2 25.1
Other income 2.6 4.3 6.7 7.9
Total non-interest income 35.3 39.7 73.4 78.1
Non-interest expense:        
Salaries and wages 41.6 44.2 80.6 84.1
Employee benefits 14.7 10.4 30.8 24.6
Outsourced technology services 8.4 8.3 16.5 16.1
Occupancy, net 7.1 6.8 14.4 14.1
Furniture and equipment 4.1 4.2 8.5 7.0
OREO expense, net of income 0.0 0.1 (0.1) (0.4)
Professional fees 3.2 3.0 6.6 5.7
FDIC insurance premiums 1.5 1.6 3.1 3.2
Core deposit intangibles amortization 2.5 2.7 5.0 5.6
Other expenses 15.9 14.3 32.0 30.6
Noninterest Expense 99.0 95.6 197.4 190.6
Income before income tax expense 55.1 47.1 120.6 84.6
Income tax expense 12.6 10.4 26.7 18.6
Net income $ 42.5 $ 36.7 $ 93.9 $ 66.0
Earnings per common share, basic (in dollars per share) $ 0.69 $ 0.57 $ 1.52 $ 1.02
Earnings per common share, diluted (in dollars per share) $ 0.69 $ 0.57 $ 1.52 $ 1.02
Weighted average common shares outstanding, basic (in shares) 61,657,593 64,004,455 61,624,917 64,397,320
Weighted average common shares outstanding, diluted (in shares) 61,727,821 64,082,489 61,723,142 64,513,886
Payment services revenues        
Non-interest income:        
Non-interest income $ 11.4 $ 9.3 $ 21.6 $ 19.5
Wealth management revenues        
Non-interest income:        
Wealth management revenues 6.3 5.4 12.6 11.6
Service charges on deposit accounts        
Non-interest income:        
Non-interest income 3.9 3.6 7.7 9.0
Other service charges, commissions, and fees        
Non-interest income:        
Non-interest income $ 1.6 $ 2.9 $ 3.7 $ 5.0