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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST INCOME        
Interest and fees on loans and leases $ 229,457 $ 266,111 $ 710,624 $ 788,968
Interest and dividends on investment securities:        
Taxable 10,168 12,546 35,788 42,789
Exempt from federal income tax 1,490 1,727 4,572 5,762
Dividends 710 599 1,956 1,690
Interest on temporary investments and interest bearing deposits 474 4,204 4,208 9,837
Total interest income 242,299 285,187 757,148 849,046
INTEREST EXPENSE        
Interest on deposits 19,121 45,876 85,633 123,561
Interest on securities sold under agreement to repurchase and federal funds purchased 84 448 673 1,661
Interest on borrowings 3,271 4,238 11,156 12,484
Interest on junior subordinated debentures 3,249 5,652 12,074 17,520
Total interest expense 25,725 56,214 109,536 155,226
Net interest income 216,574 228,973 647,612 693,820
(RECAPTURE) PROVISION FOR CREDIT LOSSES  (338) 23,227 204,832 56,263
Net interest income after provision for credit losses 216,912 205,746 442,780 637,557
NON-INTEREST INCOME        
Residential mortgage banking revenue, net 90,377 47,000 191,794 67,760
Gain (loss) on sale of debt securities, net 0 0 190 (7,186)
(Loss) gain on equity securities, net (112) 257 942 83,559
Gain on loan and lease sales, net 1,092 1,762 3,333 5,864
BOLI income 2,087 2,067 6,332 6,328
Total non-interest income 131,924 88,512 288,049 256,075
NON-INTEREST EXPENSE        
Salaries and employee benefits 120,337 106,819 346,787 311,526
Occupancy and equipment, net 36,720 35,446 109,892 107,723
Communications 2,943 3,617 9,010 11,743
Marketing 1,859 3,804 6,148 10,842
Services 13,193 15,326 34,319 40,763
FDIC assessments 2,989 2,587 9,502 8,366
Intangible amortization 1,247 1,405 3,740 4,214
Goodwill impairment 0 0 1,784,936 0
Other expenses 10,919 14,586 30,441 40,420
Total non-interest expense 190,207 183,590 2,334,775 535,597
Income (loss) before provision for income taxes 158,629 110,668 (1,603,946) 358,035
Provision for income taxes 33,758 26,166 70,204 87,690
Net income (loss) $ 124,871 $ 84,502 $ (1,674,150) $ 270,345
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.57 $ 0.38 $ (7.60) $ 1.23
Diluted (in dollars per share) $ 0.57 $ 0.38 $ (7.60) $ 1.23
Weighted average number of common shares outstanding:        
Basic (in shares) 220,221 220,285 220,216 220,379
Diluted (in shares) 220,418 220,583 220,216 220,642
Service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 14,438 $ 16,627 $ 41,907 $ 47,858
Brokerage revenue        
NON-INTEREST INCOME        
Revenue from contract with customer 3,686 4,060 11,506 11,850
Other income        
NON-INTEREST INCOME        
Revenue from contract with customer $ 20,356 $ 16,739 $ 32,045 $ 40,042