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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Loans and leases $ 1,332,720 $ 1,217,306 $ 1,073,051
Investment securities interest and dividend income 144,459 160,460 150,709
Overnight investments 6,847 26,245 21,997
Total interest income 1,484,026 1,404,011 1,245,757
Interest expense      
Deposits 66,635 76,254 22,483
Securities sold under customer repurchase agreements 1,610 1,995 1,594
Federal Home Loan Bank borrowings 9,763 5,472 5,801
Subordinated debt 16,074 7,099 6,277
Other borrowings 1,775 1,822 702
Total interest expense 95,857 92,642 36,857
Net interest income 1,388,169 1,311,369 1,208,900
Provision for credit losses 58,352 31,441 28,468
Net interest income after provision for credit losses 1,329,817 1,279,928 1,180,432
Noninterest income      
Merchant services, net 24,122 24,304 24,504
Realized gains on investment securities available for sale, net 60,253 7,115 351
Marketable equity securities gains (losses), net 29,395 20,625 (7,610)
Gain on extinguishment of debt 0 0 26,553
Other 7,446 18,431 19,700
Total noninterest income 476,750 415,861 400,149
Noninterest expense      
Salaries and wages 590,020 551,112 527,691
Employee benefits 132,244 120,501 118,203
Occupancy expense 117,169 111,179 109,169
Equipment expense 115,535 112,290 102,909
Processing fees paid to third parties 44,791 29,552 30,017
FDIC insurance expense 12,701 10,664 18,890
Collection and foreclosure-related expenses 13,658 11,994 16,567
Merger-related expenses 17,450 17,166 6,462
Other 145,117 139,283 147,063
Total noninterest expense 1,188,685 1,103,741 1,076,971
Income before income taxes 617,882 592,048 503,610
Income taxes 126,159 134,677 103,297
Net income 491,723 457,371 400,313
Less: Preferred stock dividends 14,062 0 0
Net income available to common shareholders $ 477,661 $ 457,371 $ 400,313
Average shares outstanding (in shares) 10,056,654 11,141,069 11,938,439
Net income per share $ 47.50 $ 41.05 $ 33.53
Cash dividends (in dollars per share) $ 1.67 $ 1.60 $ 1.45
Wealth management services      
Noninterest income      
Revenue from contracts with customers $ 102,776 $ 99,241 $ 97,966
Service charges on deposit accounts      
Noninterest income      
Revenue from contracts with customers 87,662 105,191 105,486
Cardholder services, net      
Noninterest income      
Revenue from contracts with customers 74,291 69,078 65,478
Mortgage income      
Noninterest income      
Revenue from contracts with customers 39,592 21,126 16,433
Merchant services, net      
Noninterest income      
Revenue from contracts with customers 30,911 31,644 30,606
Insurance commissions      
Noninterest income      
Revenue from contracts with customers 14,544 12,810 12,702
ATM income      
Noninterest income      
Revenue from contracts with customers $ 5,758 $ 6,296 $ 7,980