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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Loans $ 136,939,000 $ 138,228,000 $ 406,817,000 $ 426,833,000
Investment securities 15,659,000 19,082,000 47,583,000 59,706,000
Other short-term investments 2,074,000 1,775,000 5,422,000 4,817,000
Total interest income 154,672,000 159,085,000 459,822,000 491,356,000
Interest Expense        
Deposits 2,863,000 6,837,000 9,451,000 34,031,000
Borrowed funds 3,146,000 6,021,000 9,365,000 15,018,000
Senior and subordinated debt 3,467,000 3,498,000 10,407,000 10,769,000
Total interest expense 9,476,000 16,356,000 29,223,000 59,818,000
Net interest income 145,196,000 142,729,000 430,599,000 431,538,000
Provision for loan losses 0 15,927,000 6,098,000 88,108,000
Net interest income after provision for loan losses 145,196,000 126,802,000 424,501,000 343,430,000
Noninterest Income        
Wealth management fees 14,820,000 12,837,000 43,524,000 37,140,000
Service charges on deposit accounts 11,496,000 10,342,000 32,254,000 31,248,000
Mortgage banking income 6,664,000 6,659,000 23,600,000 11,924,000
Card-based fees 4,992,000 4,472,000 14,312,000 11,620,000
Capital market products income 1,333,000 886,000 5,376,000 6,302,000
Other service charges, commissions, and fees 2,832,000 2,823,000 8,416,000 7,583,000
Swap termination costs 0 (14,285,000) 0 (14,285,000)
Net securities gains 0 14,328,000 0 13,323,000
Other income 3,043,000 2,523,000 9,771,000 8,083,000
Total noninterest income 45,180,000 40,585,000 137,253,000 112,938,000
Noninterest Expense        
Salaries and employee benefits 62,427,000 64,734,000 193,039,000 191,265,000
Net occupancy and equipment expense 14,198,000 13,736,000 42,604,000 43,079,000
Technology and related costs 10,742,000 10,416,000 31,479,000 28,817,000
Professional services 6,991,000 7,325,000 22,618,000 26,595,000
Net OREO expense (4,000) 544,000 745,000 1,090,000
Other expenses 18,784,000 15,062,000 52,923,000 47,911,000
Acquisition and integration related expenses 2,916,000 881,000 10,934,000 11,602,000
Optimization costs 0 18,376,000 1,556,000 18,376,000
Total noninterest expense 116,054,000 131,074,000 355,898,000 368,735,000
Income before income tax expense 74,322,000 36,313,000 205,856,000 87,633,000
Income tax expense 19,459,000 8,690,000 54,849,000 21,340,000
Net income 54,863,000 27,623,000 151,007,000 66,293,000
Preferred dividends (4,033,000) (4,033,000) (12,101,000) (5,070,000)
Net income applicable to unvested restricted shares (517,000) (236,000) (1,524,000) (615,000)
Net income applicable to common shareholders 50,313,000 23,354,000 137,382,000 60,608,000
Net income applicable to common shareholders $ 50,313,000 $ 23,354,000 $ 137,382,000 $ 60,608,000
Per Common Share Data        
Basic earnings per common share (in dollars per share) $ 0.45 $ 0.21 $ 1.22 $ 0.54
Diluted earnings per common share (in dollars per share) 0.44 0.21 1.21 0.54
Dividends declared per common share (in dollars per share) $ 0.14 $ 0.14 $ 0.42 $ 0.42
Weighted-average common shares outstanding (in Shares) 112,898 113,160 112,953 112,079
Weighted-average diluted common shares outstanding (in Shares) 113,776 113,436 113,742 112,401