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Condensed Consolidated Statements of Net Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Loans, including fees $ 246,177 $ 167,707 $ 506,144 $ 300,741
Investment securities:        
Taxable 17,347 10,920 32,755 22,835
Tax-exempt 2,667 1,505 4,779 2,904
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks 1,350 432 2,339 1,884
Total interest income 267,541 180,564 546,017 328,364
Interest expense:        
Deposits 9,537 12,624 20,795 27,061
Federal funds purchased and securities sold under agreements to repurchase 323 391 673 1,006
Corporate and subordinated debentures 4,548 1,971 9,418 3,162
Other borrowings 3 3,021 3 6,564
Total interest expense 14,411 18,007 30,889 37,793
Net interest income 253,130 162,557 515,128 290,571
(Recovery) provision for credit losses (58,793) 151,474 (117,213) 188,007
Net interest income after (recovery) provision for credit losses 311,923 11,083 632,341 102,564
Noninterest income:        
Securities gains, net 36   36  
Other 9,323 2,092 16,120 5,554
Total noninterest income 79,020 54,347 175,305 98,479
Noninterest expense:        
Salaries and employee benefits 137,379 81,720 277,740 142,698
Occupancy expense 22,844 15,959 46,175 28,246
Information services expense 19,078 12,155 37,867 21,462
OREO expense and loan related 240 1,107 1,242 1,694
Amortization of intangibles 8,968 4,665 18,132 7,672
Supplies, printing and postage expense 2,500 1,610 5,170 3,115
Professional fees 2,301 2,848 5,575 5,342
FDIC assessment and other regulatory charges 4,931 2,403 8,772 4,461
Advertising and marketing 1,659 531 3,399 1,345
Extinguishment of debt cost 11,706   11,706  
Merger and branch consolidation related expense 32,970 40,279 42,979 44,408
Other 18,807 11,835 33,337 21,917
Total noninterest expense 263,383 175,112 492,094 282,360
Earnings:        
Income (loss) before provision for (benefit of) income taxes 127,560 (109,682) 315,552 (81,317)
Provision for (benefit of) income taxes 28,600 (24,747) 69,643 (20,492)
Net income (loss) $ 98,960 $ (84,935) $ 245,909 $ (60,825)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 1.40 $ (1.96) $ 3.47 $ (1.58)
Diluted (in dollars per share) $ 1.39 $ (1.96) $ 3.44 $ (1.58)
Weighted average common shares outstanding:        
Basic (in shares) 70,866 43,318 70,937 38,439
Diluted (in shares) 71,409 43,318 71,445 38,439
Fees on deposit accounts        
Noninterest income:        
Noninterest income $ 23,936 $ 16,679 $ 49,218 $ 34,820
Mortgage banking income        
Noninterest income:        
Noninterest income 10,115 18,371 36,995 33,018
Trust and investment services income        
Noninterest income:        
Noninterest income 9,733 7,138 18,311 14,527
Correspondent banking and capital market income        
Noninterest income:        
Noninterest income $ 25,877 $ 10,067 $ 54,625 $ 10,560