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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Loans and lease financing $ 110,765 $ 120,940 $ 332,623 $ 378,209
Available-for-sale securities 25,234 20,317 73,017 59,056
Other 1,205 670 2,362 3,813
Total interest income 137,204 141,927 408,002 441,078
Interest expense        
Deposits 3,218 6,227 10,637 30,410
Short-term and long-term borrowings 1,393 1,698 4,133 10,161
Total interest expense 4,611 7,925 14,770 40,571
Net interest income 132,593 134,002 393,232 400,507
Provision for credit losses (4,000) 5,072 (39,000) 101,718
Net interest income after provision for credit losses 136,593 128,930 432,232 298,789
Noninterest income        
Service charges on deposit accounts 6,989 6,523 20,339 21,400
Credit and debit card fees 16,017 14,049 47,314 39,868
Other service charges and fees 10,233 9,021 29,382 25,472
Trust and investment services income 8,625 8,664 25,824 26,919
Bank-owned life insurance 4,841 4,903 10,334 11,595
Investment securities gains (losses), net   24 102 (102)
Other 3,399 5,714 10,048 18,630
Total noninterest income 50,104 48,898 143,343 143,782
Noninterest expense        
Salaries and employee benefits 46,484 44,291 136,402 131,534
Contracted services and professional fees 15,042 15,073 48,746 46,606
Occupancy 6,790 6,921 21,274 21,466
Equipment 6,549 5,137 18,402 15,052
Regulatory assessment and fees 1,828 2,445 5,688 6,491
Advertising and marketing 1,469 1,374 4,529 4,599
Card rewards program 6,676 5,046 17,773 17,224
Other 16,198 11,342 43,916 36,573
Total noninterest expense 101,036 91,629 296,730 279,545
Income before provision for income taxes 85,661 86,199 278,845 163,026
Provision for income taxes 21,382 21,098 70,132 39,011
Net income $ 64,279 $ 65,101 $ 208,713 $ 124,015
Basic earnings per share (in dollars per share) $ 0.50 $ 0.50 $ 1.61 $ 0.95
Diluted earnings per share (in dollars per share) $ 0.50 $ 0.50 $ 1.61 $ 0.95
Basic weighted-average outstanding shares (in shares) 128,660,038 129,896,054 129,323,973 129,882,878
Diluted weighted-average outstanding shares (in shares) 129,210,448 130,085,534 129,895,311 130,129,690