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Quarterly Financial Data
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
NOTE Y—QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterly financial data for
2019
and
2018
is summarized below (dollars in thousands, except for per share data):
(Dollars in thousands)
 
1st Quarter
 
  
2nd Quarter
 
  
3rd Quarter
 
  
4th Quarter
 
2019
 
 
 
  
 
 
  
 
 
  
 
 
Interest income
  $
189,097
    $
199,245
    $
190,351
    $
183,869
 
Interest expense
   
44,929
     
48,692
     
48,433
     
42,586
 
Net interest income
   
144,168
     
150,553
     
141,918
     
141,283
 
Provision for credit losses
   
4,996
     
5,417
     
5,033
     
5,867
 
Mortgage banking income
   
13,681
     
21,704
     
24,019
     
17,547
 
Securities gains (losses), net
   
(159
 )    
109
      
116
      
109
  
Other noninterest income
   
17,701
     
17,982
     
18,089
     
19,586
 
Noninterest expense
   
89,425
     
100,195
     
96,134
     
96,900
 
Income taxes
   
17,328
     
17,529
     
17,010
     
12,473
 
Net income
(1)
    
63,642
     
67,207
     
65,965
     
63,285
 
(Dollars in thousands)
 
1st Quarter
 
 
2nd Quarter
 
 
3rd Quarter
 
 
4th Quarter
 
Per share data:
    
     
     
     
 
Average shares outstanding (000s):
   
     
     
     
 
Basic
 
 
101,895
 
 
 
101,774
 
 
 
101,432
 
 
 
101,250
 
Diluted
 
 
102,163
 
 
 
102,048
 
 
 
101,712
 
 
 
101,538
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.62
 
 
$
0.66
 
 
$
0.65
 
 
$
0.62
 
Diluted
 
$
0.62
 
 
$
0.66
 
 
$
0.65
 
 
$
0.62
 
Dividends per share
 
$
0.34
 
 
$
0.34
 
 
$
0.34
 
 
$
0.35
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
$
167,185
 
 
$
178,000
 
 
$
185,030
 
 
$
187,500
 
Interest expense
 
 
23,142
 
 
 
28,878
 
 
 
36,255
 
 
 
40,795
 
Net interest income
 
 
144,043
 
 
 
149,122
 
 
 
148,775
 
 
 
146,705
 
Provision for credit losses
 
 
5,178
 
 
 
6,204
 
 
 
4,808
 
 
 
5,823
 
Mortgage banking income
 
 
14,570
 
 
 
18,692
 
 
 
13,277
 
 
 
11,570
 
Securities losses, net
 
 
(485
)
 
 
(55
)
 
 
(152
)
 
 
(1,926
)
Other noninterest income
 
 
17,107
 
 
 
17,370
 
 
 
18,561
 
 
 
20,183
 
Noninterest expense
 
 
90,452
 
 
 
93,410
 
 
 
93,315
 
 
 
91,002
 
Income taxes
 
 
17,899
 
 
 
19,241
 
 
 
17,926
 
 
 
15,757
 
Net income
(1)
 
 
61,706
 
 
 
66,274
 
 
 
64,412
 
 
 
63,950
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Per share data:
 
 
 
 
 
 
 
 
 
 
 
 
Average shares outstanding (000s):
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
104,859
 
 
 
104,683
 
 
 
103,618
 
 
 
102,930
 
Diluted
 
 
105,163
 
 
 
104,953
 
 
 
103,934
 
 
 
103,164
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.59
 
 
$
0.63
 
 
$
0.62
 
 
$
0.62
 
Diluted
 
$
0.59
 
 
$
0.63
 
 
$
0.62
 
 
$
0.62
 
Dividends per share
 
$
0.34
 
 
$
0.34
 
 
$
0.34
 
 
$
0.34
 
(1)
For further information, see the related discussion “Quarterly Results” included in Management’s Discussion and Analysis.