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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:          
Loans and leases $ 240,811 $ 247,851 $ 275,978 $ 750,940 $ 834,443
Investment securities 24,443 26,038 28,806 77,927 87,434
Deposits in financial institutions 654 186 2,424 2,448 4,423
Total interest income 265,908 274,075 307,208 831,315 926,300
Interest expense:          
Deposits 9,887 13,075 40,703 51,209 113,658
Borrowings 27 1,319 6,852 8,124 21,772
Subordinated debentures 4,670 5,402 7,417 16,632 22,860
Total interest expense 14,584 19,796 54,972 75,965 158,290
Net interest income 251,324 254,279 252,236 755,350 768,010
Provision for credit losses 97,000 120,000 7,000 329,000 19,000
Net interest income after provision for credit losses 154,324 134,279 245,236 426,350 749,010
Noninterest income:          
Other commissions and fees 10,541 10,111 10,855 30,373 33,453
Leased equipment income 9,900 12,037 9,615 34,188 28,079
Service charges on deposit accounts 2,570 2,004 3,525 7,232 11,026
Gain on sale of loans and leases 35 346 765 468 1,091
Gain on sale of securities 5,270 7,715 908 13,167 25,261
Other income 9,936 6,645 7,761 20,782 16,476
Total noninterest income 38,252 38,858 33,429 106,210 115,386
Noninterest expense:          
Compensation 75,131 61,910 71,424 198,323 211,225
Occupancy 14,771 14,494 14,089 43,472 42,866
Data processing 6,505 7,102 7,044 20,061 20,786
Leased equipment depreciation 7,057 7,102 5,951 21,364 17,160
Intangible asset amortization 3,751 3,882 4,833 11,581 14,573
Other professional services 4,713 4,146 4,400 13,117 13,542
Insurance and assessments 3,939 9,373 4,100 17,561 12,236
Customer related expense 4,762 4,408 3,539 13,102 9,887
Loan expense 3,499 3,379 3,628 9,528 9,964
Acquisition, integration and reorganization costs 0 0 0 0 618
Foreclosed assets expense (income), net 335 (146) 8 255 (109)
Goodwill impairment 0 0 0 1,470,000 0
Other expense 8,939 11,315 7,793 29,973 25,775
Total noninterest expense 133,402 126,965 126,809 1,848,337 378,523
Earnings (loss) before income taxes 59,174 46,172 151,856 (1,315,777) 485,873
Income tax expense (13,671) (12,968) (41,830) (38,627) (135,118)
Net earnings (loss) $ 45,503 $ 33,204 $ 110,026 $ (1,354,404) $ 350,755
Earnings (loss) per share:          
Basic (usd per share) $ 0.38 $ 0.28 $ 0.92 $ (11.60) $ 2.91
Diluted (usd per share) $ 0.38 $ 0.28 $ 0.92 $ (11.60) $ 2.91