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Condensed 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 and leases $ 235,174 $ 264,110 $ 481,167 $ 522,857
Interest and dividends on investment securities:        
Taxable 9,015 10,287 25,620 30,243
Exempt from federal income tax 1,520 1,921 3,082 4,035
Dividends 568 574 1,246 1,091
Interest on temporary investments and interest bearing deposits 403 4,708 3,734 5,633
Total interest income 246,680 281,600 514,849 563,859
INTEREST EXPENSE        
Interest on deposits 26,222 43,591 66,512 77,685
Interest on securities sold under agreement to repurchase and federal funds purchased 194 403 589 1,213
Interest on borrowings 3,839 4,563 7,885 8,246
Interest on junior subordinated debentures 3,922 5,881 8,825 11,868
Total interest expense 34,177 54,438 83,811 99,012
Net interest income 212,503 227,162 431,038 464,847
PROVISION FOR CREDIT LOSSES  87,085 19,352 205,170 33,036
Net interest income after provision for credit losses 125,418 207,810 225,868 431,811
NON-INTEREST INCOME        
Residential mortgage banking revenue, net 83,877 9,529 101,417 20,760
Gain (loss) on sale of debt securities, net 323 (7,186) 190 (7,186)
Gain on equity securities, net 240 82,607 1,054 83,302
Gain on loan and lease sales, net 1,074 3,333 2,241 4,102
BOLI income 2,116 2,093 4,245 4,261
Total non-interest income 115,480 121,823 156,125 167,563
NON-INTEREST EXPENSE        
Salaries and employee benefits 116,676 104,049 226,450 204,707
Occupancy and equipment, net 36,171 36,032 73,172 72,277
Communications 2,939 3,906 6,067 8,126
Marketing 1,759 4,312 4,289 7,038
Services 10,356 13,227 21,126 25,437
FDIC assessments 3,971 2,837 6,513 5,779
Intangible amortization 1,246 1,405 2,493 2,809
Goodwill impairment 0 0 1,784,936 0
Other expenses 8,792 14,647 19,522 25,834
Total non-interest expense 181,910 180,415 2,144,568 352,007
Income (loss) before provision for income taxes 58,988 149,218 (1,762,575) 247,367
Provision for income taxes 6,062 37,408 36,446 61,524
Net income (loss) $ 52,926 $ 111,810 $ (1,799,021) $ 185,843
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.24 $ 0.51 $ (8.17) $ 0.84
Diluted (in dollars per share) $ 0.24 $ 0.51 $ (8.17) $ 0.84
Weighted average number of common shares outstanding:        
Basic (in shares) 220,210 220,487 220,213 220,427
Diluted (in shares) 220,320 220,719 220,213 220,692
Service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 11,831 $ 15,953 $ 27,469 $ 31,231
Brokerage revenue        
NON-INTEREST INCOME        
Revenue from contract with customer 3,805 3,980 7,820 7,790
Other income        
NON-INTEREST INCOME        
Revenue from contract with customer $ 12,214 $ 11,514 $ 11,689 $ 23,303