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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME        
Interest and fees on loans and leases $ 224,403 $ 229,457 $ 669,014 $ 710,624
Interest and dividends on investment securities:        
Taxable 16,102 10,168 43,833 35,788
Exempt from federal income tax 1,470 1,490 4,491 4,572
Dividends 213 710 1,216 1,956
Interest on temporary investments and interest bearing deposits 1,237 474 2,635 4,208
Total interest income 243,425 242,299 721,189 757,148
INTEREST EXPENSE        
Interest on deposits 5,100 19,121 22,794 85,633
Interest on securities sold under agreement to repurchase and federal funds purchased 88 84 232 673
Interest on borrowings 149 3,271 2,787 11,156
Interest on junior subordinated debentures 3,014 3,249 9,108 12,074
Total interest expense 8,351 25,725 34,921 109,536
Net interest income 235,074 216,574 686,268 647,612
(RECAPTURE) PROVISION FOR CREDIT LOSSES  (18,919) (338) (41,915) 204,832
Net interest income after (recapture) provision for credit losses 253,993 216,912 728,183 442,780
NON-INTEREST INCOME        
Residential mortgage banking revenue, net 34,150 90,377 143,626 191,794
Gain on sale of debt securities, net 0 0 4 190
(Loss) gain on equity securities, net (343) (112) (1,045) 942
Gain on loan and lease sales, net 4,208 1,092 10,899 3,333
Bank owned life insurance income 2,038 2,087 6,201 6,332
Total non-interest income 73,705 131,924 273,580 288,049
NON-INTEREST EXPENSE        
Salaries and employee benefits 117,636 120,337 363,343 346,787
Occupancy and equipment, net 33,944 36,720 103,236 109,892
Communications 2,866 2,943 8,633 9,010
Marketing 1,651 1,859 5,077 6,148
Services 12,017 13,193 36,279 34,319
FDIC assessments 2,136 2,989 6,342 9,502
Intangible amortization 1,130 1,247 3,390 3,740
Goodwill impairment 0 0 0 1,784,936
Other expenses 12,373 10,919 34,445 30,441
Total non-interest expense 183,753 190,207 560,745 2,334,775
Income (loss) before provision for income taxes 143,945 158,629 441,018 (1,603,946)
Provision for income taxes 35,879 33,758 109,072 70,204
Net income (loss) $ 108,066 $ 124,871 $ 331,946 $ (1,674,150)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.49 $ 0.57 $ 1.51 $ (7.60)
Diluted (in dollars per share) $ 0.49 $ 0.57 $ 1.51 $ (7.60)
Weighted average number of common shares outstanding:        
Basic (in shares) 218,416 220,221 219,791 220,216
Diluted (in shares) 218,978 220,418 220,278 220,216
Service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 10,941 $ 10,405 $ 30,898 $ 30,635
Card-based Fees        
NON-INTEREST INCOME        
Revenue from contract with customer 9,111 7,118 26,759 20,436
Brokerage revenue        
NON-INTEREST INCOME        
Revenue from contract with customer 31 3,686 5,081 11,506
Other income        
NON-INTEREST INCOME        
Revenue from contract with customer $ 13,569 $ 17,271 $ 51,157 $ 22,881