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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Interest and fees on loans $ 151.7 $ 107.8
Interest and dividends on investment securities:    
Taxable 29.3 15.8
Exempt from federal taxes 1.3 1.4
Interest on deposits in banks 1.7 0.3
Total interest income 184.0 125.3
Interest expense:    
Interest on deposits 3.0 2.3
Interest on securities sold under repurchase agreements 0.3 0.1
Interest on long-term debt 1.7 1.5
Interest on subordinated debentures held by subsidiary trusts 1.0 0.7
Total interest expense 6.0 4.6
Net interest income 178.0 120.7
Provision for (reversal of) credit losses 61.3 (5.1)
Net interest income after provision for (reversal of) credit losses 116.7 125.8
Non-interest income:    
Debt Securities, Available-for-sale, Gain (Loss) (0.1) 0.0
Mortgage banking revenues 8.4 11.6
Other income 6.0 4.1
Total non-interest income 49.2 38.1
Non-interest expense:    
Salaries and wages 60.0 39.0
Employee benefits 21.2 16.1
Outsourced technology services 11.3 8.1
Occupancy, net 10.0 7.3
Furniture and equipment 5.4 4.4
OREO expense, net of income 0.1 (0.1)
Professional fees 3.9 3.4
FDIC insurance premiums 3.3 1.6
Other intangibles amortization 3.6 2.5
Other expenses 23.2 16.1
Acquisition related expenses 65.2 0.0
Noninterest Expense 207.2 98.4
(Loss) income before income tax (41.3) 65.5
(Benefit from) provision for income tax (7.9) 14.1
Net (loss) income $ (33.4) $ 51.4
Earnings per common share, basic (in dollars per share) $ (0.36) $ 0.83
Earnings per common share, diluted (in dollars per share) $ (0.36) $ 0.83
Weighted average common shares outstanding, basic (in shares) 92,855,173 61,591,877
Weighted average common shares outstanding, diluted (in shares) 92,855,173 61,714,063
Payment services revenues    
Non-interest income:    
Non-interest income $ 14.8 $ 10.2
Wealth management revenues    
Non-interest income:    
Wealth management revenues 8.1 6.3
Service charges on deposit accounts    
Non-interest income:    
Non-interest income 7.7 3.8
Other service charges, commissions, and fees    
Non-interest income:    
Non-interest income $ 4.3 $ 2.1