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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans, including fees $ 478,448 $ 369,323 $ 1,230,847 $ 1,113,102
Investment securities available for sale 53,550 35,876 151,111 98,631
Loans held for sale 12,017 5,540 26,798 18,611
Federal Reserve Bank balances 5,584 1,214 7,965 2,597
Other earning assets 1,700 551 4,412 2,123
Total interest income 551,299 412,504 1,421,133 1,235,064
Interest expense:        
Deposits 46,917 16,086 79,077 60,475
Long-term debt 22,156 11,465 41,069 33,851
Other borrowings 4,307 36 5,432 104
Total interest expense 73,380 27,587 125,578 94,430
Net interest income 477,919 384,917 1,295,555 1,140,634
Provision for (reversal of) credit losses 25,581 (7,868) 49,669 (51,041)
Net interest income after provision for (reversal of) credit losses 452,338 392,785 1,245,886 1,191,675
Non-interest revenue:        
Service charges on deposit accounts 23,398 22,641 69,428 64,089
Fiduciary and asset management fees 19,201 19,786 59,577 56,545
Card fees 15,101 13,238 45,946 38,538
Brokerage revenue 17,140 14,745 47,038 41,644
Mortgage banking income 5,065 11,155 14,922 47,312
Capital markets income 6,839 8,089 19,704 18,929
Income from bank-owned life insurance 6,792 6,820 22,514 22,851
Investment securities gains (losses), net 0 962 0 (1,028)
Other non-interest revenue 10,762 17,519 27,768 44,117
Total non-interest revenue 104,298 114,955 306,897 332,997
Non-interest expense:        
Salaries and other personnel expense 173,334 160,364 499,081 482,408
Net occupancy, equipment, and software expense 43,462 43,483 129,538 126,442
Third-party processing and other services 22,539 19,446 65,486 63,897
Professional fees 6,755 6,739 26,094 23,771
FDIC insurance and other regulatory fees 7,707 5,212 20,851 16,338
Restructuring charges 956 319 (7,318) 1,265
Other operating expense 39,257 31,469 114,779 90,576
Total non-interest expense 294,010 267,032 848,511 804,697
Income before income taxes 262,626 240,708 704,272 719,975
Income tax expense 59,582 53,935 152,140 159,910
Net income 203,044 186,773 552,132 560,065
Less: Preferred stock dividends 8,291 8,291 24,872 24,872
Net income available to common shareholders $ 194,753 $ 178,482 $ 527,260 $ 535,193
Net income per common share, basic (in dollars per share) $ 1.34 $ 1.22 $ 3.63 $ 3.63
Net income per common share, diluted (in dollars per share) $ 1.33 $ 1.21 $ 3.60 $ 3.59
Weighted average common shares outstanding, basic (in shares) 145,386 146,308 145,329 147,622
Weighted average common shares outstanding, diluted (in shares) 146,418 147,701 146,465 149,069