XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Interest and fees on loans $ 294,746 $ 309,161 $ 596,585 $ 606,148
Mortgage loans held-for-sale 4,764 3,104 7,929 5,313
Interest bearing deposits with banks 1,310 5,206 6,078 10,506
Federal funds sold and securities purchased under resale agreements 16 0 102 0
Investment securities 27,105 27,721 59,572 55,677
Trading account securities 13 5 20 13
Federal Home Loan Bank and Federal Reserve Bank stock 1,765 1,439 3,342 2,794
Brokerage customer receivables 97 178 255 333
Total interest income 329,816 346,814 673,883 680,784
Interest expense        
Interest on deposits 50,057 67,024 117,492 128,000
Interest on Federal Home Loan Bank advances 4,934 4,193 8,294 6,643
Interest on other borrowings 3,436 3,525 6,982 7,158
Interest on subordinated notes 5,506 2,806 10,978 4,581
Interest on junior subordinated debentures 2,752 3,064 5,563 6,214
Total interest expense 66,685 80,612 149,309 152,596
Net interest income 263,131 266,202 524,574 528,188
Provision for credit losses 135,053 24,580 188,014 35,204
Net interest income after provision for credit losses 128,078 241,622 336,560 492,984
Non-interest income        
Mortgage banking 102,324 37,411 150,650 55,569
Revenue from contracts with customers 38,456 40,065 82,111 79,447
Gains (losses) on investment securities, net 808 864 (3,551) 2,228
Fees from covered call options 0 643 2,292 2,427
Trading losses, net (634) (44) (1,085) (215)
Operating lease income, net 11,785 11,733 23,769 22,529
Other 14,654 14,135 32,898 31,036
Total non-interest income 161,993 98,158 275,235 179,815
Non-interest expense        
Salaries and employee benefits 154,156 133,732 290,918 259,455
Equipment 15,846 12,759 30,680 24,529
Operating lease equipment depreciation 9,292 8,768 18,552 17,087
Occupancy, net 16,893 15,921 34,440 32,166
Data processing 10,406 6,204 18,779 13,729
Advertising and marketing 7,704 12,845 18,566 22,703
Professional fees 7,687 6,228 14,408 11,784
Amortization of other intangible assets 2,820 2,957 5,683 5,899
FDIC insurance 7,081 4,127 11,216 7,703
OREO expense, net 237 1,290 639 (1,922)
Other 27,246 24,776 51,406 47,004
Total non-interest expense 259,368 229,607 494,009 443,981
Income before taxes 30,703 110,173 117,786 228,818
Income tax expense 9,044 28,707 33,315 58,206
Net income 21,659 81,466 84,471 170,612
Preferred stock dividends 2,050 2,050 4,100 4,100
Net income applicable to common shares $ 19,609 $ 79,416 $ 80,371 $ 166,512
Net income per common share-Basic (usd per share) $ 0.34 $ 1.40 $ 1.40 $ 2.94
Net income per common share-Diluted (usd per share) 0.34 1.38 1.38 2.91
Cash dividends declared per common share (usd per share) $ 0.28 $ 0.25 $ 0.56 $ 0.50
Weighted average common shares outstanding (in shares) 57,567 56,662 57,593 56,596
Dilutive potential common shares (in shares) 414 699 481 700
Average common shares and dilutive common shares (in shares) 57,981 57,361 58,074 57,296
Wealth management        
Non-interest income        
Revenue from contracts with customers $ 22,636 $ 24,139 $ 48,577 $ 48,116
Service charges on deposit accounts        
Non-interest income        
Revenue from contracts with customers $ 10,420 $ 9,277 $ 21,685 $ 18,125