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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Interest and fees on loans $ 317,365 $ 313,181
Interest and dividends on investment securities:    
Taxable 18,439 13,166
Tax-exempt 2,517 3,356
Dividends 1,676 1,871
Interest on federal funds sold and other short-term investments 461 224
Total interest income 340,458 331,798
Interest on deposits:    
Savings, NOW and money market 9,627 11,125
Time 2,831 11,093
Interest on short-term borrowings 806 1,758
Interest on long-term borrowings and junior subordinated debentures 9,525 15,155
Total interest expense 22,789 39,131
Net Interest Income 317,669 292,667
Provision (credit) for credit losses for held to maturity securities 57 (358)
Provision for credit losses for loans 3,500 9,014
Net Interest Income After Provision for Credit Losses 314,112 284,011
Non-Interest Income    
Insurance commissions 1,859 1,558
(Losses) gains on securities transactions, net (1,072) 101
Fees from loan servicing 2,781 2,899
Gains on sales of loans, net 986 3,513
Bank owned life insurance 2,046 2,331
Other 21,327 12,399
Total non-interest income 39,270 31,233
Non-Interest Expense    
Salary and employee benefits expense 107,733 88,103
Net occupancy and equipment expense 36,806 32,259
FDIC insurance assessment 4,158 3,276
Amortization of other intangible assets 4,437 6,006
Professional and legal fees 14,749 6,272
Amortization of tax credit investments 2,896 2,744
Telecommunication expense 3,271 3,160
Other 23,290 18,393
Total non-interest expense 197,340 160,213
Income Before Income Taxes 156,042 155,031
Income tax expense 39,314 39,321
Net Income 116,728 115,710
Dividends on preferred stock 3,172 3,172
Net Income Available to Common Shareholders $ 113,556 $ 112,538
Earnings Per Common Share:    
Basic (usd per share) $ 0.27 $ 0.28
Diluted (usd per share) 0.27 0.28
Cash Dividends Declared per Common Share (usd per share) $ 0.11 $ 0.11
Weighted Average Number of Common Shares Outstanding:    
Basic (in shares) 421,573,843 405,152,605
Diluted (in shares) 423,506,550 407,636,765
Trust and investment services    
Non-Interest Income    
Revenue from contracts with customer $ 5,131 $ 3,329
Service charges on deposit accounts    
Non-Interest Income    
Revenue from contracts with customer $ 6,212 $ 5,103