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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Interest and fees on loans $ 172,351 $ 175,046 $ 518,938 $ 404,457
Interest on taxable securities 7,259 11,354 26,688 29,780
Interest on nontaxable securities 159 168 473 426
Interest on deposits in other banks and federal funds sold 165 1,793 1,621 7,655
Total interest income 179,934 188,361 547,720 442,318
Interest expense        
Interest on deposits 11,822 29,425 50,197 74,563
Interest on other borrowings 5,574 10,167 23,226 17,940
Total interest expense 17,396 39,592 73,423 92,503
Net interest income 162,538 148,769 474,297 349,815
Provision for loan losses 26,692 5,989 132,188 14,065
Provision for unfunded commitments (10,131) 0 13,581 0
Provision for other credit losses 1,121 0 1,121 0
Provision for credit losses 17,682 5,989 146,890 14,065
Net interest income after provision for credit losses 144,856 142,780 327,407 335,750
Noninterest income        
Service charges on deposit accounts 10,914 13,411 32,680 37,225
Mortgage banking activity 138,627 53,041 278,885 86,241
Other service charges, commissions and fees 1,151 1,236 3,409 2,828
Net gain on securities 0 4 5 139
Other noninterest income 8,326 9,301 19,378 16,567
Total noninterest income 159,018 76,993 334,357 143,000
Noninterest expense        
Salaries and employee benefits 96,698 77,633 267,812 154,296
Occupancy and equipment expense 13,805 12,639 39,640 28,677
Data processing and communications expenses 12,226 10,372 34,694 27,151
Credit resolution-related expenses 802 1,094 3,950 2,984
Advertising and marketing expense 966 1,949 4,779 5,677
Amortization of intangible assets 4,190 5,719 15,422 11,972
Merger and conversion charges (44) 65,158 1,391 70,690
Other noninterest expenses 25,049 18,133 79,825 47,926
Total noninterest expense 153,692 192,697 447,513 349,373
Income (loss) before income tax expense 150,182 27,076 214,251 129,377
Income tax expense 34,037 5,692 46,548 29,184
Net income 116,145 21,384 167,703 100,193
Other comprehensive income        
Net unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax expense (benefit) of $(663), $(244), $5,080 and $5,549 (2,494) (921) 19,110 20,873
Reclassification adjustment for gains on investment securities included in earnings, $0, $0, $0 and $25 0 0 0 (94)
Unrealized gains (losses) on cash flow hedges arising during period, net of tax expense (benefit) of $35, $(15), $39 and $(125) 133 (59) 147 (471)
Other comprehensive income (2,361) (980) 19,257 20,308
Total comprehensive income $ 113,784 $ 20,404 $ 186,960 $ 120,501
Basic earnings per common share (in dollars per share) $ 1.68 $ 0.31 $ 2.42 $ 1.83
Diluted earnings per common share (in dollars per share) $ 1.67 $ 0.31 $ 2.42 $ 1.83
Weighted average common shares outstanding (in thousands)        
Basic (in shares) 69,231 69,372 69,243 54,762
Diluted (in shares) 69,346 69,600 69,403 54,883