XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Loans and lease financing $ 496,523 $ 574,013 $ 529,877
Available-for-sale securities 81,808 92,505 107,123
Other 4,428 12,174 9,051
Total interest income 582,759 678,692 646,051
Interest expense      
Deposits 35,471 87,865 72,976
Short-term and long-term borrowings 11,554 17,425 6,757
Total interest expense 47,025 105,290 79,733
Net interest income 535,734 573,402 566,318
Provision for credit losses 121,718 13,800 22,180
Net interest income (loss) after provision for credit losses 414,016 559,602 544,138
Noninterest income      
Service charges on deposit accounts 28,169 33,778 32,036
Credit and debit card fees 55,451 66,749 65,716
Other service charges and fees 33,876 36,253 38,316
Trust and investment services income 35,652 35,102 31,324
Bank-owned life insurance 15,754 15,479 9,217
Investment securities losses, net (114) (2,715)  
Other-than-temporary impairment (OTTI) losses on available-for-sale debt securities     (24,085)
Other 28,592 7,887 26,469
Total noninterest income 197,380 192,533 178,993
Noninterest expense      
Salaries and employee benefits 174,221 173,098 167,162
Contracted services and professional fees 60,546 56,321 49,775
Occupancy 28,821 28,753 27,330
Equipment 20,277 17,343 17,714
Regulatory assessment and fees 8,659 7,390 14,217
Advertising and marketing 5,695 6,910 4,813
Card rewards program 22,114 29,961 24,860
Other 47,339 50,661 59,082
Total noninterest expense 367,672 370,437 364,953
Income (loss) before (provision) benefit for income taxes 243,724 381,698 358,178
Provision for income taxes 57,970 97,306 93,784
Net income (loss) $ 185,754 $ 284,392 $ 264,394
Basic earnings per share (in dollars per share) $ 1.43 $ 2.14 $ 1.93
Diluted earnings per share (in dollars per share) $ 1.43 $ 2.13 $ 1.93
Basic weighted-average outstanding shares (in shares) 129,890,225 133,076,489 136,945,134
Diluted weighted-average outstanding shares (in shares) 130,220,077 133,387,157 137,111,420