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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited) Quarterly Financial Information (Unaudited)
The following tables present the summary results for the four quarters ended December 31, 2020 and 2019:
2020
(in thousands, except per share information)December 31September 30June 30
March 31
Four Quarters
Interest income$255,479 $242,299 $246,680 $268,169 $1,012,627 
Interest expense20,572 25,725 34,177 49,634 130,108 
Net interest income234,907 216,574 212,503 218,535 882,519 
Provision (recapture) for credit losses29 (338)87,085 118,085 204,861 
Non-interest income123,960 131,924 115,480 40,645 412,009 
Non-interest expense211,312 190,207 181,910 1,962,658 2,546,087 
Income (loss) before provision for income taxes147,526 158,629 58,988 (1,821,563)(1,456,420)
(Benefit) provision for income taxes(3,204)33,758 6,062 30,384 67,000 
Net income (loss)$150,730 $124,871 $52,926 $(1,851,947)$(1,523,420)
Basic earnings per common share$0.68 $0.57 $0.24 $(8.41)
Diluted earnings per common share$0.68 $0.57 $0.24 $(8.41)
Cash dividends declared per common share$0.21 $0.21 $— $0.21 

2019
(in thousands, except per share information)December 31 September 30June 30
March 31
Four Quarters
Interest income$282,030 $285,187 $281,600 $282,259 $1,131,076 
Interest expense55,216 56,214 54,438 44,574 210,442 
Net interest income226,814 228,973 227,162 237,685 920,634 
Provision for loan and lease losses16,252 23,227 19,352 13,684 72,515 
Non-interest income83,749 88,512 121,823 45,740 339,824 
Non-interest expense183,443 183,590 180,415 171,592 719,040 
Income before provision for income taxes110,868 110,668 149,218 98,149 468,903 
Provision for income taxes27,118 26,166 37,408 24,116 114,808 
Net income$83,750 $84,502 $111,810 $74,033 $354,095 
Basic earnings per common share$0.38 $0.38 $0.51 $0.34 
Diluted earnings per common share$0.38 $0.38 $0.51 $0.34 
Cash dividends declared per common share$0.21 $0.21 $0.21 $0.21