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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Loans $ 426,791 $ 434,649
Money market investments 6,464 3,112
Investment securities 96,466 85,690
Total interest income 529,721 523,451
Interest expense:    
Deposits 24,783 30,201
Short-term borrowings 80 143
Long-term debt 10,546 13,995
Total interest expense 35,409 44,339
Net interest income 494,312 479,112
Provision for credit losses (benefit) (15,500) (82,226)
Net interest income after provision for credit losses (benefit) 509,812 561,338
Non-interest income:    
Mortgage banking activities 12,865 17,343
Net (loss) gain, including impairment, on equity securities (2,094) 421
Net loss on trading account debt securities (723) (45)
Indemnity reserves on loans sold expense (745) (698)
Other operating income 27,542 26,384
Total non-interest income 154,692 153,653
Operating expenses:    
Personnel costs 166,996 159,479
Net occupancy expenses 24,723 26,013
Equipment expenses 23,479 21,575
Other taxes 15,715 13,959
Professional fees 108,497 99,948
Communications 6,147 6,833
Business promotion 15,083 12,521
FDIC deposit insurance 7,372 5,968
Other real estate owned (OREO) income (2,713) (4,533)
Other operating expenses 36,149 32,714
Amortization of intangibles 891 1,051
Total operating expenses 402,339 375,528
Income before income tax 262,165 339,463
Income tax expense 50,479 76,831
Net Income 211,686 262,632
Net Income Applicable to Common Stock $ 211,333 $ 262,279
Net Income per Common Share - Basic $ 2.69 $ 3.13
Net Income per Common Share - Diluted $ 2.69 $ 3.12
Service charges on deposit accounts    
Non-interest income:    
Revenue from contract with customer $ 40,713 $ 39,620
Other services    
Non-interest income:    
Revenue from contract with customer $ 77,134 $ 70,628