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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans, including fees $ 224,482 $ 247,147 $ 687,183 $ 714,179
Securities:        
Taxable 8,276 10,655 28,133 36,438
Tax-exempt 15,001 13,313 43,421 37,541
Federal funds sold and other 1,429 4,634 5,258 11,325
Total interest income 249,188 275,749 763,995 799,483
Interest expense:        
Deposits 28,401 62,531 112,826 175,736
Securities sold under agreements to repurchase 77 152 286 439
Federal Home Loan Bank advances and other borrowings 14,116 17,260 50,080 51,338
Total interest expense 42,594 79,943 163,192 227,513
Net interest income 206,594 195,806 600,803 571,970
Provision for credit losses 16,333 8,260 184,554 22,639
Net interest income after provision for credit losses 190,261 187,546 416,249 549,331
Noninterest income:        
Total noninterest income 91,065 82,619 234,396 204,364
Noninterest expense:        
Salaries and employee benefits 90,103 85,919 244,470 231,915
Equipment and occupancy 21,622 20,348 64,626 63,523
Other real estate expense, net 1,795 655 7,098 3,424
Marketing and other business development 2,321 2,723 7,714 8,953
Postage and supplies 1,761 1,766 5,821 5,737
Amortization of intangibles 2,417 2,430 7,416 7,012
Other noninterest expense 24,258 19,100 76,086 54,114
Total noninterest expense 144,277 132,941 413,231 374,678
Income before income taxes 137,049 137,224 237,414 379,017
Income tax expense 26,404 26,703 35,969 74,215
Net income 110,645 110,521 201,445 304,802
Preferred stock dividends (3,798) 0 (3,798) 0
Net income available to common shareholders $ 106,847 $ 110,521 $ 197,647 $ 304,802
Per share information:        
Basic net income per common share (in dollars per share) $ 1.42 $ 1.45 $ 2.62 $ 3.99
Diluted net income per common share (in dollars per share) $ 1.42 $ 1.44 $ 2.62 $ 3.97
Weighted average common shares outstanding:        
Basic (in shares) 75,240,664 76,301,010 75,417,663 76,480,757
Diluted (in shares) 75,360,033 76,556,309 75,544,677 76,761,167
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 9,854 $ 10,193 $ 25,796 $ 27,675
Investment services        
Noninterest income:        
Total noninterest income 6,734 6,270 21,944 17,607
Insurance sales commissions        
Noninterest income:        
Total noninterest income 2,284 2,252 7,755 7,327
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 19,453 7,402 47,655 18,291
Investment gains (losses) on sales, net        
Noninterest income:        
Total noninterest income 651 417 986 (6,009)
Trust fees        
Noninterest income:        
Total noninterest income 3,986 3,593 12,114 10,349
Income from equity method investment        
Noninterest income:        
Total noninterest income 26,445 32,248 59,245 77,799
Other noninterest income        
Noninterest income:        
Total noninterest income $ 21,658 $ 20,244 $ 58,901 $ 51,325