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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income        
Loans and lease financing $ 120,940 $ 144,691 $ 378,209 $ 435,980
Available-for-sale securities 20,317 22,256 59,056 71,526
Other 670 3,234 3,813 9,054
Total interest income 141,927 170,181 441,078 516,560
Interest expense        
Deposits 6,227 22,753 30,410 69,643
Short-term and long-term borrowings 1,698 4,347 10,161 13,134
Total interest expense 7,925 27,100 40,571 82,777
Net interest income 134,002 143,081 400,507 433,783
Provision for credit losses 5,072   101,718 9,550
Net interest income after provision for credit losses 128,930 143,081 298,789 424,233
Noninterest income        
Service charges on deposit accounts 6,523 8,554 21,400 24,737
Credit and debit card fees 14,049 16,839 39,868 50,123
Other service charges and fees 9,021 8,903 25,472 27,435
Trust and investment services income 8,664 8,698 26,919 26,247
Bank-owned life insurance 4,903 5,743 11,595 12,946
Investment securities gains (losses), net 24   (102) (2,592)
Other 5,714 1,243 18,630 6,929
Total noninterest income 48,898 49,980 143,782 145,825
Noninterest expense        
Salaries and employee benefits 44,291 44,955 131,534 132,000
Contracted services and professional fees 15,073 14,649 46,606 42,597
Occupancy 6,921 7,250 21,466 21,522
Equipment 5,137 4,024 15,052 12,852
Regulatory assessment and fees 2,445 1,992 6,491 5,588
Advertising and marketing 1,374 1,647 4,599 5,593
Card rewards program 5,046 6,930 17,224 21,326
Other 11,342 12,019 36,573 37,901
Total noninterest expense 91,629 93,466 279,545 279,379
Income (loss) before (provision) benefit for income taxes 86,199 99,595 163,026 290,679
Provision for income taxes 21,098 25,396 39,011 74,123
Net income (loss) $ 65,101 $ 74,199 $ 124,015 $ 216,556
Basic earnings per share (in dollars per share) $ 0.50 $ 0.56 $ 0.95 $ 1.62
Diluted earnings per share (in dollars per share) $ 0.50 $ 0.56 $ 0.95 $ 1.61
Basic weighted-average outstanding shares (in shares) 129,896,054 132,583,902 129,882,878 133,957,192
Diluted weighted-average outstanding shares (in shares) 130,085,534 132,877,769 130,129,690 134,231,762