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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:          
Loans and leases $ 247,851 $ 262,278 $ 284,236 $ 510,129 $ 558,465
Investment securities 26,038 27,446 28,948 53,484 58,628
Deposits in financial institutions 186 1,608 1,349 1,794 1,999
Total interest income 274,075 291,332 314,533 565,407 619,092
Interest expense:          
Deposits 13,075 28,247 38,720 41,322 72,955
Borrowings 1,319 6,778 7,210 8,097 14,920
Subordinated debentures 5,402 6,560 7,705 11,962 15,443
Total interest expense 19,796 41,585 53,635 61,381 103,318
Net interest income 254,279 249,747 260,898 504,026 515,774
Provision for credit losses 120,000 112,000 8,000 232,000 12,000
Net interest income after provision for credit losses 134,279 137,747 252,898 272,026 503,774
Noninterest income:          
Other commissions and fees 10,111 9,721 11,590 19,832 22,598
Leased equipment income 12,037 12,251 9,182 24,288 18,464
Service charges on deposit accounts 2,004 2,658 3,771 4,662 7,501
Gain on sale of loans and leases 346 87 326 433 326
Gain on sale of securities 7,715 182 22,192 7,897 24,353
Other income 6,645 4,201 3,832 10,846 8,715
Total noninterest income 38,858 29,100 50,893 67,958 81,957
Noninterest expense:          
Compensation 61,910 61,282 68,956 123,192 139,801
Occupancy 14,494 14,207 14,457 28,701 28,777
Data processing 7,102 6,454 6,817 13,556 13,742
Leased equipment depreciation 7,102 7,205 5,558 14,307 11,209
Intangible asset amortization 3,882 3,948 4,870 7,830 9,740
Other professional services 4,146 4,258 4,629 8,404 9,142
Insurance and assessments 9,373 4,249 4,098 13,622 8,136
Customer related expense 4,408 3,932 3,405 8,340 6,348
Loan expense 3,379 2,650 3,451 6,029 6,336
Acquisition, integration and reorganization costs 0 0 0 0 618
Foreclosed assets (income) expense, net (146) 66 (146) (80) (117)
Goodwill impairment 0 1,470,000 0 1,470,000 0
Other expense 11,315 9,719 9,332 21,034 17,982
Total noninterest expense 126,965 1,587,970 125,427 1,714,935 251,714
Earnings (loss) before income taxes 46,172 (1,421,123) 178,364 (1,374,951) 334,017
Income tax expense (12,968) (11,988) (50,239) (24,956) (93,288)
Net earnings (loss) $ 33,204 $ (1,433,111) $ 128,125 $ (1,399,907) $ 240,729
Earnings (loss) per share:          
Basic (usd per share) $ 0.28 $ (12.23) $ 1.07 $ (11.98) $ 1.99
Diluted (usd per share) $ 0.28 $ (12.23) $ 1.07 $ (11.98) $ 1.99