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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME    
Interest and fees on loans $ 175,134 $ 205,751
Interest and dividends on securities:    
Taxable 14,015 10,796
Tax-exempt 1,427 1,739
Other interest income 2,178 3,899
Total interest income 192,754 222,185
INTEREST EXPENSE    
Interest on time deposits 12,744 17,186
Interest on other deposits 21,984 29,485
Interest on borrowed funds 4,558 6,225
Total interest expense 39,286 52,896
Net interest income 153,468 169,289
Provision for credit losses 83,429 11,210
Net interest income after provision for credit losses 70,039 158,079
NONINTEREST INCOME    
Investment advisory revenue 5,605 5,642
Trust services revenue 4,815 4,335
Credit related fees 5,983 4,870
Service charges on deposit accounts 6,416 5,130
Bankcard fees 1,958 2,213
Payroll processing revenue 1,367 1,419
SBA income 1,908 1,449
Other service fees 1,912 2,104
Securities gains (losses), net 2,994 (12)
Other income 2,111 3,514
Total noninterest income 35,069 30,664
NONINTEREST EXPENSE    
Salaries and employee benefits 48,807 53,471
Premises and equipment 10,808 10,958
Merger related expenses 1,282 22,000
Goodwill impairment 443,695  
Intangible asset amortization 5,592 6,073
Other expense 27,469 20,938
Total noninterest expense 537,653 113,440
(Loss) income before income taxes (432,545) 75,303
Income tax (benefit) expense (33,234) 17,102
Net (loss) income $ (399,311) $ 58,201
Weighted average common shares outstanding (Basic) 126,630,446 130,485,521
Weighted average common shares outstanding (Diluted) 126,630,446 130,549,319
(Loss) earnings per common share (Basic) $ (3.15) $ 0.44
(Loss) earnings per common share (Diluted) $ (3.15) $ 0.44