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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Interest income:      
Loans and leases $ 241,544 $ 242,198 $ 262,278
Investment securities 30,265 28,843 27,446
Deposits in financial institutions 1,528 1,135 1,608
Total interest income 273,337 272,176 291,332
Interest expense:      
Deposits 7,500 8,454 28,247
Borrowings 193 37 6,778
Subordinated debentures 4,375 4,477 6,560
Total interest expense 12,068 12,968 41,585
Net interest income 261,269 259,208 249,747
Provision for credit losses (48,000) 10,000 112,000
Net interest income after provision for credit losses 309,269 249,208 137,747
Noninterest income:      
Leased equipment income 9,158 9,974 9,721
Other commissions and fees 11,354 9,440 12,251
Service charges on deposit accounts 2,934 3,119 2,658
Gain on sale of loans and leases 139 1,671 87
Gain on sale of securities 101 4 182
Other income 21,143 15,642 4,201
Total noninterest income 44,829 39,850 29,100
Noninterest expense:      
Compensation 79,882 73,171 61,282
Occupancy 14,054 14,083 14,207
Leased equipment depreciation 6,957 6,718 6,454
Data processing 8,969 7,501 7,205
Other professional services 3,079 3,172 3,948
Insurance and assessments 5,126 6,800 4,258
Customer related expense 4,903 5,064 4,249
Acquisition, integration and reorganization costs 4,818 4,430 3,932
Loan expense 3,193 3,926 2,650
Intangible asset amortization 3,425 1,060 0
Foreclosed assets expense (income), net 1 (272) 66
Goodwill impairment 0 0 1,470,000
Other expense 15,729 10,029 9,719
Total noninterest expense 150,136 135,682 1,587,970
Earnings (loss) before income taxes 203,962 153,376 (1,421,123)
Income tax expense (53,556) (36,546) (11,988)
Net earnings (loss) $ 150,406 $ 116,830 $ (1,433,111)
Earnings (loss) per share:      
Basic (usd per share) $ 1.27 $ 0.99 $ (12.23)
Diluted (usd per share) $ 1.27 $ 0.99 $ (12.23)