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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Loans and lease financing $ 444,488 $ 496,523 $ 574,013
Available-for-sale securities 101,410 81,808 92,505
Other 3,413 4,428 12,174
Total interest income 549,311 582,759 678,692
Interest expense      
Deposits 13,853 35,471 87,865
Short-term and long-term borrowings 4,899 11,554 17,425
Total interest expense 18,752 47,025 105,290
Net interest income 530,559 535,734 573,402
Provision for credit losses (39,000) 121,718 13,800
Net interest income (expense) after benefit for credit losses 569,559 414,016 559,602
Noninterest income      
Service charges on deposit accounts 27,510 28,169 33,778
Credit and debit card fees 63,580 55,451 66,749
Other service charges and fees 38,578 33,876 36,253
Trust and investment services income 34,719 35,652 35,102
Bank-owned life insurance 13,185 15,754 15,479
Investment securities gains (losses), net 102 (114) (2,715)
Other 7,242 28,592 7,887
Total noninterest income 184,916 197,380 192,533
Noninterest expense      
Salaries and employee benefits 182,384 174,221 173,098
Contracted services and professional fees 63,349 60,546 56,321
Occupancy 29,348 28,821 28,753
Equipment 24,719 20,277 17,343
Regulatory assessment and fees 8,245 8,659 7,390
Advertising and marketing 6,108 5,695 6,910
Card rewards program 25,244 22,114 29,961
Other 66,082 47,339 50,661
Total noninterest expense 405,479 367,672 370,437
Income before provision for income taxes 348,996 243,724 381,698
Provision for income taxes 83,261 57,970 97,306
Net income $ 265,735 $ 185,754 $ 284,392
Basic earnings per share (in dollars per share) $ 2.06 $ 1.43 $ 2.14
Diluted earnings per share (in dollars per share) $ 2.05 $ 1.43 $ 2.13
Basic weighted-average outstanding shares (in shares) 128,963,131 129,890,225 133,076,489
Diluted weighted-average outstanding shares (in shares) 129,537,922 130,220,077 133,387,157