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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Loans and lease financing $ 111,916 $ 110,919 $ 215,648 $ 221,858
Available-for-sale investment securities 16,643 24,637 48,750 47,783
Held-to-maturity investment securities 18,289   18,289  
Other 2,896 666 3,678 1,157
Total interest income 149,744 136,222 286,365 270,798
Interest expense        
Deposits 4,597 3,363 7,346 7,419
Short-term and long-term borrowings   1,378   2,740
Total interest expense 4,597 4,741 7,346 10,159
Net interest income 145,147 131,481 279,019 260,639
Provision for credit losses 1,000 (35,000) (4,747) (35,000)
Net interest income after provision for credit losses 144,147 166,481 283,766 295,639
Noninterest income        
Service charges on deposit accounts 6,843 6,632 14,344 13,350
Credit and debit card fees 17,056 16,746 31,906 31,297
Other service charges and fees 9,018 10,303 18,672 19,149
Trust and investment services income 8,759 8,707 17,642 17,199
Bank-owned life insurance (859) 3,104 (1,276) 5,493
Investment securities gains, net   102   102
Other 3,320 3,777 4,229 6,649
Total noninterest income 44,137 49,371 85,517 93,239
Noninterest expense        
Salaries and employee benefits 49,902 45,982 98,128 89,918
Contracted services and professional fees 18,617 16,516 35,764 33,704
Occupancy 7,334 7,314 14,744 14,484
Equipment 7,754 6,362 13,731 11,853
Regulatory assessment and fees 2,301 1,826 4,525 3,860
Advertising and marketing 1,994 1,469 4,022 3,060
Card rewards program 7,285 6,262 14,168 11,097
Other 13,988 13,657 28,135 27,718
Total noninterest expense 109,175 99,388 213,217 195,694
Income before provision for income taxes 79,109 116,464 156,066 193,184
Provision for income taxes 19,749 29,723 38,987 48,750
Net income $ 59,360 $ 86,741 $ 117,079 $ 144,434
Basic earnings per share (in dollars per share) $ 0.46 $ 0.67 $ 0.92 $ 1.11
Diluted earnings per share (in dollars per share) $ 0.46 $ 0.67 $ 0.91 $ 1.11
Basic weighted-average outstanding shares (in shares) 127,672,244 129,392,339 127,614,564 129,661,228
Diluted weighted-average outstanding shares (in shares) 128,014,777 129,828,847 128,108,630 130,164,762