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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income      
Loans $ 282,164 $ 358,015 $ 448,927
Securities and other 46,901 51,767 60,586
Total interest and dividend income 329,065 409,782 509,513
Interest expense      
Deposits 27,236 72,715 115,193
Borrowings and subordinated notes 10,663 20,285 29,062
Total interest expense 37,899 93,000 144,255
Net interest income 291,166 316,782 365,258
Non-interest income      
Other 6,631 2,597 1,438
(Loss)/gain on securities, net (787) (7,520) 4,389
Gain on sale of business operations and assets, net 52,942 1,240 1,351
Total non-interest income 143,248 66,307 84,002
Total net revenue 434,414 383,089 449,260
Provision (benefit) for credit losses (500) 75,878 35,419
Non-interest expense      
Compensation and benefits 150,589 147,840 140,906
Occupancy and equipment 41,782 43,359 39,586
Technology and communications 33,803 32,364 26,523
Marketing and promotion 2,749 3,703 4,474
Professional services 15,860 11,907 10,798
FDIC premiums and assessments 3,759 5,876 3,861
Other real estate owned and foreclosures 17 125 154
Amortization of intangible assets 5,200 6,181 5,783
Goodwill impairment 0 553,762 0
Merger, restructuring and conversion related expenses 5,781 5,839 28,046
Other 26,353 29,283 29,726
Total non-interest expense 285,893 840,239 289,857
Income/(loss) from continuing operations before income taxes 149,021 (533,028) 123,984
Income tax expense/(benefit) from continuing operations 30,357 (19,853) 22,463
Net income/(loss) from continuing operations 118,664 (513,175) 101,521
(Loss) from discontinued operations before income taxes 0 (26,855) (5,539)
Income tax (benefit) from discontinued operations 0 (7,013) (1,468)
Net (loss) from discontinued operations 0 (19,842) (4,071)
Net income/(loss) 118,664 (533,017) 97,450
Preferred stock dividend 0 313 960
Income/(loss) available to common shareholders $ 118,664 $ (533,330) $ 96,490
Basic earnings/(loss) per share:      
Continuing operations (in USD per share) $ 2.41 $ (10.21) $ 2.06
Discontinued operations (in USD per share) 0 (0.39) (0.08)
Total basic earnings/(loss) per share (in USD per share) 2.41 (10.60) 1.98
Diluted earnings/(loss) per share:      
Continuing operations (in USD per share) 2.39 (10.21) 2.05
Discontinued operations (in USD per share) 0 (0.39) (0.08)
Total diluted earnings/(loss) per share (in USD per share) $ 2.39 $ (10.60) $ 1.97
Weighted average common shares outstanding:      
Basic (in shares) 49,240 50,270 49,263
Diluted (in shares) 49,554 50,270 49,421
Total fee income      
Non-interest income      
Total fee income $ 84,462 $ 69,990 $ 76,824
Deposit related fees      
Non-interest income      
Total fee income 29,813 27,905 31,352
Loan fees and revenue      
Non-interest income      
Total fee income 35,060 16,840 24,374
Insurance commissions and fees      
Non-interest income      
Total fee income 7,003 10,770 10,957
Wealth management fees      
Non-interest income      
Total fee income 10,530 9,285 9,353
Mortgage banking income      
Non-interest income      
Total fee income $ 2,056 $ 5,190 $ 788