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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:          
Loans and leases $ 244,529 $ 241,544 $ 247,851 $ 486,073 $ 510,129
Investment securities 33,954 30,265 26,038 64,219 53,484
Deposits in financial institutions 2,022 1,528 186 3,550 1,794
Total interest income 280,505 273,337 274,075 553,842 565,407
Interest expense:          
Deposits 7,269 7,500 13,075 14,769 41,322
Borrowings 265 193 1,319 458 8,097
Subordinated debt 6,663 4,375 5,402 11,038 11,962
Total interest expense 14,197 12,068 19,796 26,265 61,381
Net interest income 266,308 261,269 254,279 527,577 504,026
Provision for credit losses (88,000) (48,000) 120,000 (136,000) 232,000
Net interest income after provision for credit losses 354,308 309,269 134,279 663,577 272,026
Noninterest income:          
Leased equipment income 10,704 9,158 10,111 19,862 19,832
Other commissions and fees 10,847 11,354 12,037 22,201 24,288
Service charges on deposit accounts 3,452 2,934 2,004 6,386 4,662
Gain on sale of loans and leases 1,422 139 346 1,561 433
Gain on sale of securities 0 101 7,715 101 7,897
Other income 13,946 21,143 6,645 35,089 10,846
Total noninterest income 40,371 44,829 38,858 85,200 67,958
Noninterest expense:          
Compensation 90,807 79,882 61,910 170,689 123,192
Occupancy 14,784 14,054 14,494 28,838 28,701
Leased equipment depreciation 8,614 8,969 7,102 17,583 14,307
Data processing 7,758 6,957 7,102 14,715 13,556
Other professional services 5,256 5,126 4,146 10,382 8,404
Insurance and assessments 3,745 4,903 9,373 8,648 13,622
Customer related expense 4,973 4,818 4,408 9,791 8,340
Loan expense 4,031 3,193 3,379 7,224 6,029
Intangible asset amortization 2,889 3,079 3,882 5,968 7,830
Acquisition, integration and reorganization costs 200 3,425 0 3,625 0
Foreclosed assets (income) expense, net (119) 1 (146) (118) (80)
Goodwill impairment 0 0 0 0 1,470,000
Other expense 8,812 15,729 11,315 24,541 21,034
Total noninterest expense 151,750 150,136 126,965 301,886 1,714,935
Earnings (loss) before income taxes 242,929 203,962 46,172 446,891 (1,374,951)
Income tax expense (62,417) (53,556) (12,968) (115,973) (24,956)
Net earnings (loss) $ 180,512 $ 150,406 $ 33,204 $ 330,918 $ (1,399,907)
Earnings (loss) per share:          
Basic (usd per share) $ 1.52 $ 1.27 $ 0.28 $ 2.78 $ (11.98)
Diluted (usd per share) $ 1.52 $ 1.27 $ 0.28 $ 2.78 $ (11.98)