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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans and lease financing $ 134,971 $ 144,406
Available-for-sale securities 21,210 24,486
Other 2,351 3,669
Total interest income 158,532 172,561
Interest expense    
Deposits 15,600 23,197
Short-term and long-term borrowings 4,249 4,275
Total interest expense 19,849 27,472
Net interest income 138,683 145,089
Provision for credit losses 41,200 5,680
Net interest income after provision for loan and lease losses 97,483 139,409
Noninterest income    
Service charges on deposit accounts 8,950 8,060
Credit and debit card fees 14,949 16,655
Other service charges and fees 8,539 9,129
Trust and investment services income 9,591 8,618
Bank-owned life insurance 2,260 3,813
Investment securities gains (losses), net 85 (2,613)
Other 4,854 3,410
Total noninterest income 49,228 47,072
Noninterest expense    
Salaries and employee benefits 44,829 44,860
Contracted services and professional fees 16,055 13,645
Occupancy 7,243 6,986
Equipment 4,708 4,284
Regulatory assessment and fees 1,946 1,447
Advertising and marketing 1,823 1,966
Card rewards program 7,015 6,732
Other 12,847 12,703
Total noninterest expense 96,466 92,623
Income before provision for income taxes 50,245 93,858
Provision for income taxes 11,380 23,934
Net income (loss) $ 38,865 $ 69,924
Basic earnings per share (in dollars per share) $ 0.30 $ 0.52
Diluted earnings per share (in dollars per share) $ 0.30 $ 0.52
Basic weighted-average outstanding shares (in shares) 129,895,706 134,879,336
Diluted weighted-average outstanding shares (in shares) 130,351,585 135,198,345