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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans and lease financing $ 110,919 $ 122,298 $ 221,858 $ 257,269
Available-for-sale securities 24,637 17,529 47,783 38,739
Other 666 792 1,157 3,143
Total interest income 136,222 140,619 270,798 299,151
Interest expense        
Deposits 3,363 8,583 7,419 24,183
Short-term and long-term borrowings 1,378 4,214 2,740 8,463
Total interest expense 4,741 12,797 10,159 32,646
Net interest income 131,481 127,822 260,639 266,505
Provision for credit losses (35,000) 55,446 (35,000) 96,646
Net interest income (expense) after provision for credit losses 166,481 72,376 295,639 169,859
Noninterest income        
Service charges on deposit accounts 6,632 5,927 13,350 14,877
Credit and debit card fees 16,746 10,870 31,297 25,819
Other service charges and fees 10,303 7,912 19,149 16,451
Trust and investment services income 8,707 8,664 17,199 18,255
Bank-owned life insurance 3,104 4,432 5,493 6,692
Investment securities gains (losses), net 102 (211) 102 (126)
Other 3,777 8,062 6,649 12,916
Total noninterest income 49,371 45,656 93,239 94,884
Noninterest expense        
Salaries and employee benefits 45,982 42,414 89,918 87,243
Contracted services and professional fees 16,516 15,478 33,704 31,533
Occupancy 7,314 7,302 14,484 14,545
Equipment 6,362 5,207 11,853 9,915
Regulatory assessment and fees 1,826 2,100 3,860 4,046
Advertising and marketing 1,469 1,402 3,060 3,225
Card rewards program 6,262 5,163 11,097 12,178
Other 13,657 12,384 27,718 25,231
Total noninterest expense 99,388 91,450 195,694 187,916
Income before provision for income taxes 116,464 26,582 193,184 76,827
Provision for income taxes 29,723 6,533 48,750 17,913
Net income (loss) $ 86,741 $ 20,049 $ 144,434 $ 58,914
Basic earnings per share (in dollars per share) $ 0.67 $ 0.15 $ 1.11 $ 0.45
Diluted earnings per share (in dollars per share) $ 0.67 $ 0.15 $ 1.11 $ 0.45
Basic weighted-average outstanding shares (in shares) 129,392,339 129,856,730 129,661,228 129,876,218
Diluted weighted-average outstanding shares (in shares) 129,828,847 130,005,195 130,164,762 130,163,722