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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Interest and fees on loans $ 111.9 $ 112.3 $ 325.1 $ 336.4
Interest and dividends on investment securities:        
Taxable 17.1 15.5 48.7 48.4
Exempt from federal taxes 1.4 0.6 4.2 1.6
Interest on deposits in banks 0.7 0.5 1.7 3.5
Total interest income 131.1 128.9 379.7 389.9
Interest expense:        
Interest on deposits 1.9 3.4 6.4 15.2
Interest on securities sold under repurchase agreements 0.1 0.1 0.3 0.7
Interest on other debt 1.5 1.7 4.5 3.0
Interest on subordinated debentures held by subsidiary trusts 0.7 0.7 2.1 2.4
Total interest expense 4.2 5.9 13.3 21.3
Net interest income 126.9 123.0 366.4 368.6
(Reversal of) provision for credit losses 0.0 5.2 (5.1) 53.7
Net interest income after provision for (reversal of) credit losses 126.9 117.8 371.5 314.9
Non-interest income:        
Debt Securities, Available-for-sale, Gain (Loss) 0.3 0.1 0.2 0.1
Mortgage banking revenues 11.6 14.3 32.8 39.4
Other income 3.3 4.6 10.0 12.5
Total non-interest income 39.7 44.7 113.1 122.8
Non-interest expense:        
Salaries and wages 42.0 46.0 122.6 130.1
Employee benefits 12.9 11.8 43.7 36.4
Outsourced technology services 8.2 8.4 24.7 24.5
Occupancy, net 7.3 7.2 21.7 21.3
Furniture and equipment 4.5 4.1 13.0 11.1
OREO expense, net of income 0.0 0.0 (0.1) (0.4)
Professional fees 2.7 2.9 9.3 8.6
FDIC insurance premiums 1.7 1.3 4.8 4.5
Core deposit intangibles amortization 2.4 2.7 7.4 8.3
Other expenses 17.6 15.1 49.6 45.7
Acquisition related expenses 6.6 0.0 6.6 0.0
Noninterest Expense 105.9 99.5 303.3 290.1
Income before income tax expense 60.7 63.0 181.3 147.6
Income tax expense 13.6 14.7 40.3 33.3
Net income $ 47.1 $ 48.3 $ 141.0 $ 114.3
Earnings per common share, basic (in dollars per share) $ 0.76 $ 0.76 $ 2.29 $ 1.78
Earnings per common share, diluted (in dollars per share) $ 0.76 $ 0.76 $ 2.28 $ 1.78
Weighted average common shares outstanding, basic (in shares) 61,673,656 63,764,474 61,641,342 64,184,832
Weighted average common shares outstanding, diluted (in shares) 61,747,972 63,861,457 61,732,822 64,295,525
Payment services revenues        
Non-interest income:        
Non-interest income $ 12.2 $ 10.5 $ 33.8 $ 30.0
Wealth management revenues        
Non-interest income:        
Wealth management revenues 6.5 5.9 19.1 17.5
Service charges on deposit accounts        
Non-interest income:        
Non-interest income 4.4 4.3 12.1 13.3
Other service charges, commissions, and fees        
Non-interest income:        
Non-interest income $ 1.4 $ 5.0 $ 5.1 $ 10.0