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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME        
Interest and fees on loans and leases $ 266,111 $ 246,410 $ 788,968 $ 718,021
Interest and dividends on investment securities:        
Taxable 12,546 24,435 42,789 48,633
Exempt from federal income tax 1,727 2,048 5,762 6,233
Dividends 599 549 1,690 1,450
Interest on temporary investments and interest bearing deposits 4,204 2,800 9,837 6,044
Total interest income 285,187 276,242 849,046 780,381
INTEREST EXPENSE        
Interest on deposits 45,876 25,692 123,561 62,561
Interest on securities sold under agreement to repurchase and federal funds purchased 448 103 1,661 321
Interest on borrowings 4,238 3,439 12,484 10,278
Interest on junior subordinated debentures 5,652 5,640 17,520 15,972
Total interest expense 56,214 34,874 155,226 89,132
Net interest income 228,973 241,368 693,820 691,249
PROVISION FOR LOAN AND LEASE LOSSES  23,227 11,711 56,263 38,686
Net interest income after provision for loan and lease losses 205,746 229,657 637,557 652,563
NON-INTEREST INCOME        
Residential mortgage banking revenue, net 47,000 31,484 67,760 103,085
(Loss) gain on sale of debt securities, net 0 0 (7,186) 14
Gain (loss) on equity securities, net 257 (462) 83,559 (1,894)
Gain on loan and lease sales, net 1,762 2,772 5,864 5,350
BOLI income 2,067 2,051 6,328 6,181
Total non-interest income 88,512 72,388 256,075 222,606
NON-INTEREST EXPENSE        
Salaries and employee benefits 106,819 103,575 311,526 323,466
Occupancy and equipment, net 35,446 36,530 107,723 112,775
Communications 3,617 4,165 11,743 13,045
Marketing 3,804 3,969 10,842 8,857
Services 15,326 14,794 40,763 46,482
FDIC assessments 2,587 4,303 8,366 13,475
Loss (gain) on other real estate owned, net 1,188 (128) 3,815 (258)
Intangible amortization 1,405 1,541 4,214 4,624
Other expenses 13,398 10,543 36,605 38,511
Total non-interest expense 183,590 179,292 535,597 560,977
Income before provision for income taxes 110,668 122,753 358,035 314,192
Provision for income taxes 26,166 31,772 87,690 78,240
Net income $ 84,502 $ 90,981 $ 270,345 $ 235,952
Earnings per common share:        
Basic (in dollars per share) $ 0.38 $ 0.41 $ 1.23 $ 1.07
Diluted (in dollars per share) $ 0.38 $ 0.41 $ 1.23 $ 1.07
Weighted average number of common shares outstanding:        
Basic (in shares) 220,285 220,224 220,379 220,292
Diluted (in shares) 220,583 220,620 220,642 220,751
Service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 16,627 $ 15,574 $ 47,858 $ 46,089
Brokerage revenue        
NON-INTEREST INCOME        
Revenue from contract with customer 4,060 3,947 11,850 12,302
Other income        
NON-INTEREST INCOME        
Revenue from contract with customer $ 16,739 $ 17,022 $ 40,042 $ 51,479