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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Loans including fees:      
Taxable $ 515,980 $ 569,718 $ 508,293
Nontaxable 13,908 15,919 16,299
Investment securities:      
Taxable 98,953 113,832 80,168
Nontaxable 33,899 29,248 26,655
Money market and other interest-earning investments 568 1,670 630
Total interest income 663,308 730,387 632,045
Interest Expense      
Deposits 28,169 69,364 41,277
Federal funds purchased and interbank borrowings 1,296 5,656 4,793
Securities sold under agreements to repurchase 854 2,517 1,962
Federal Home Loan Bank advances 27,274 37,452 34,925
Other borrowings 9,621 11,125 11,486
Total interest expense 67,214 126,114 94,443
Net interest income 596,094 604,273 537,602
Provision for loan losses [1] 38,395 4,747 6,966
Net interest income after provision for loan losses 557,699 599,526 530,636
Noninterest Income      
Wealth management fees 36,806 37,072 36,863
Service charges on deposit accounts 35,081 44,915 44,026
Debit card and ATM fees 20,178 21,652 20,216
Mortgage banking revenue 62,775 26,622 17,657
Investment product fees 21,614 21,785 20,539
Capital markets income 22,480 13,270 4,934
Company-owned life insurance 12,031 11,539 10,584
Debt securities gains (losses), net 10,767 1,923 2,060
Net gain on banking center divestitures 0 0 13,989
Other income 17,542 20,539 24,437
Total noninterest income 239,274 199,317 195,305
Noninterest Expense      
Salaries and employee benefits 293,590 289,452 281,275
Occupancy 55,316 55,255 51,941
Equipment 16,690 16,903 14,861
Marketing 10,874 15,898 15,847
Data processing 41,086 37,589 36,170
Communication 9,731 10,702 10,846
Professional fees 15,755 22,854 14,503
FDIC assessment 6,722 6,030 10,638
Amortization of intangibles 14,091 16,911 14,442
Amortization of tax credit investments 18,788 2,749 22,949
Other expense 58,774 34,144 43,789
Total noninterest expense 541,417 508,487 517,261
Income before income taxes 255,556 290,356 208,680
Income tax expense 29,147 52,150 17,850
Net income $ 226,409 $ 238,206 $ 190,830
Net income per common share - basic (in dollars per share) $ 1.37 $ 1.39 $ 1.23
Net income per common share - diluted (in dollars per share) $ 1.36 $ 1.38 $ 1.22
Weighted average number of common shares outstanding - basic (in shares) 165,509 171,907 155,675
Weighted average number of common shares outstanding - diluted (in shares) 166,177 172,687 156,539
Dividends per common share (in dollars per share) $ 0.56 $ 0.52 $ 0.52
[1] Beginning January 1, 2020, calculation is based on current expected loss methodology. Prior to January 1, 2020, calculation was based on incurred loss methodology.