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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Interest and fees on loans $ 199,876 $ 174,228 $ 367,573 $ 348,277
Interest and dividends on investment securities        
Taxable 18,317 8,840 34,789 15,855
Tax-exempt 16,379 14,366 32,487 28,528
Other interest 2,420 1,826 4,413 3,521
Total interest income 236,991 199,260 439,261 396,180
Interest expense        
Interest on deposits 8,019 4,609 11,591 10,519
Interest on federal funds purchased and securities sold under agreements to repurchase 406 30 444 55
Interest on other short-term funding 1 7 2 13
Interest on FHLB advances 9,689 9,524 17,871 19,017
Interest on long-term funding 2,730 5,575 5,460 11,160
Total interest expense 20,845 19,745 35,367 40,764
Net interest income 216,146 179,515 403,893 355,416
Provision for credit losses (2) (35,004) (3,992) (58,009)
Net interest income after provision for credit losses 216,148 214,519 407,886 413,425
Noninterest income        
Noninterest Income In Scope of Topic 606 51,619 53,522 103,963 105,284
Capital markets, net 8,010 5,696 16,656 13,814
Mortgage banking, net 6,145 8,128 14,536 32,054
Bank and corporate owned life insurance 4,106 3,088 6,177 5,791
Asset gains (losses), net 1,677 (14) 1,865 4,796
Investment securities gains (losses), net (8) 24 12 (16)
Gains on sale of branches, net(a) 0 36 0 1,038
Other 1,888 3,004 4,086 6,221
Total noninterest income 75,458 73,443 149,925 168,786
Noninterest expense        
Personnel 112,666 106,994 217,477 211,020
Technology 21,223 20,236 42,707 40,975
Occupancy 14,151 14,679 30,231 30,835
Business development and advertising 5,655 4,970 10,610 9,366
Equipment 4,960 5,481 9,920 10,999
Legal and professional 4,873 6,661 9,960 13,191
Loan and foreclosure costs 1,476 2,671 3,490 4,891
FDIC assessment 5,400 3,600 10,500 8,350
Other intangible amortization 2,203 2,203 4,405 4,439
Other 8,815 6,979 15,412 15,755
Total noninterest expense 181,420 174,475 354,712 349,821
Income before income taxes 110,187 113,487 203,099 232,389
Income tax expense 23,363 22,480 42,013 47,082
Net income 86,824 91,007 161,086 185,307
Preferred stock dividends 2,875 4,875 5,750 10,082
Net income available to common equity $ 83,949 $ 86,131 $ 155,336 $ 175,226
Earnings per common share        
Basic $ 0.56 $ 0.56 $ 1.04 $ 1.14
Diluted $ 0.56 $ 0.56 $ 1.03 $ 1.13
Average common shares outstanding        
Basic 149,083 152,042 148,933 152,198
Diluted 150,203 153,381 150,265 153,473
Wealth management fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 $ 21,332 $ 22,706 $ 43,735 $ 45,120
Service charges and deposit account fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 16,506 15,549 33,363 30,404
Card-based fees        
Noninterest income        
Noninterest Income In Scope of Topic 606 11,472 11,009 21,421 20,773
Card-based fees 11,442 10,982 21,368 20,725
Other fee-based revenue        
Noninterest income        
Noninterest Income In Scope of Topic 606 2,309 4,258 5,444 8,987
Card-based fees $ 4,360 $ 4,244 $ 8,126 $ 8,840