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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, including fees $ 161,889 $ 158,804 $ 480,955 $ 493,256
Investment securities:        
Taxable 13,757 13,150 41,345 44,615
Tax-exempt 6,246 5,449 17,820 15,481
Loans held for sale 299 728 969 1,557
Other interest income 1,888 1,028 4,599 4,324
Total Interest Income 184,079 179,159 545,688 559,233
Interest Expense        
Deposits 6,525 14,631 24,108 58,189
Short-term borrowings 131 370 456 4,960
Long-term borrowings 6,153 10,042 23,006 28,468
Total Interest Expense 12,809 25,043 47,570 91,617
Net Interest Income 171,270 154,116 498,118 467,616
Provision for credit losses (600) 7,080 (9,600) 70,680
Net Interest Income After Provision for Credit Losses 171,870 147,036 507,718 396,936
Non-Interest Income        
Non-interest income before investment securities gains 62,577 63,247 176,353 170,761
Investment securities gains, net 0 2 33,511 3,053
Total Non-Interest Income 62,577 63,249 209,864 173,814
Non-Interest Expense        
Salaries and employee benefits 82,679 79,227 243,632 240,467
Data processing and software 14,335 12,285 41,828 36,123
Net occupancy 12,957 13,221 39,433 39,851
Other outside services 7,889 7,617 24,557 23,098
State taxes 4,994 2,692 13,883 8,583
Equipment 3,416 3,711 10,268 10,322
Professional fees 2,271 2,879 7,701 10,412
FDIC insurance 2,727 1,578 7,633 6,519
Amortization of TCI 1,546 1,694 4,640 4,594
Marketing 1,448 1,147 3,798 4,029
Intangible amortization 150 132 443 397
Debt extinguishment 0 0 32,575 2,878
Other 10,184 12,962 33,420 37,431
Total Non-Interest Expense 144,596 139,145 463,811 424,705
Income Before Income Taxes 89,851 71,140 253,771 146,045
Income taxes 14,268 9,529 40,160 18,832
Net Income 75,583 61,611 213,611 127,213
Preferred stock dividends (2,562) 0 (7,715) 0
Net Income Available to Common Shareholders $ 73,021 $ 61,611 $ 205,896 $ 127,213
PER SHARE:        
Net Income (Basic) (in dollars per share) $ 0.45 $ 0.38 $ 1.27 $ 0.78
Net Income (Diluted) (in dollars per share) 0.45 0.38 1.26 0.78
Cash Dividends (in dollars per share) $ 0.14 $ 0.13 $ 0.42 $ 0.39
Commercial banking        
Non-Interest Income        
Non-interest income before investment securities gains $ 16,738 $ 18,311 $ 50,209 $ 53,477
Consumer banking        
Non-Interest Income        
Non-interest income before investment securities gains 11,801 10,423 33,415 30,800
Wealth management        
Non-Interest Income        
Non-interest income before investment securities gains 18,532 14,943 53,513 43,405
Mortgage banking        
Non-Interest Income        
Non-interest income before investment securities gains 9,535 16,801 26,333 32,999
Other        
Non-Interest Income        
Non-interest income before investment securities gains $ 5,971 $ 2,769 $ 12,883 $ 10,080