XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans and lease financing $ 110,939 $ 134,971
Available-for-sale securities 23,146 21,210
Other 491 2,351
Total interest income 134,576 158,532
Interest expense    
Deposits 4,056 15,600
Short-term and long-term borrowings 1,362 4,249
Total interest expense 5,418 19,849
Net interest income 129,158 138,683
Provision for credit losses   41,200
Net interest income after provision for credit losses 129,158 97,483
Noninterest income    
Service charges on deposit accounts 6,718 8,950
Credit and debit card fees 14,551 14,949
Other service charges and fees 8,846 8,539
Trust and investment services income 8,492 9,591
Bank-owned life insurance 2,389 2,260
Investment securities gains, net   85
Other 2,872 4,854
Total noninterest income 43,868 49,228
Noninterest expense    
Salaries and employee benefits 43,936 44,829
Contracted services and professional fees 17,188 16,055
Occupancy 7,170 7,243
Equipment 5,491 4,708
Regulatory assessment and fees 2,034 1,946
Advertising and marketing 1,591 1,823
Card rewards program 4,835 7,015
Other 14,061 12,847
Total noninterest expense 96,306 96,466
Income before provision for income taxes 76,720 50,245
Provision for income taxes 19,027 11,380
Net income $ 57,693 $ 38,865
Basic earnings per share (in dollars per share) $ 0.44 $ 0.30
Diluted earnings per share (in dollars per share) $ 0.44 $ 0.30
Basic weighted-average outstanding shares (in shares) 129,933,104 129,895,706
Diluted weighted-average outstanding shares (in shares) 130,589,878 130,351,585