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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income:        
Loans, including fees $ 226,281 $ 237,653 $ 462,701 $ 467,032
Securities:        
Taxable 9,589 12,243 19,857 25,783
Tax-exempt 14,596 12,556 28,420 24,228
Federal funds sold and other 1,272 3,399 3,829 6,691
Total interest income 251,738 265,851 514,807 523,734
Interest expense:        
Deposits 33,727 58,988 84,425 113,205
Securities sold under agreements to repurchase 94 142 209 287
Federal Home Loan Bank advances and other borrowings 17,260 17,803 35,964 34,078
Total interest expense 51,081 76,933 120,598 147,570
Net interest income 200,657 188,918 394,209 376,164
Provision for credit losses 68,332 7,195 168,221 14,379
Net interest income after provision for credit losses 132,325 181,723 225,988 361,785
Noninterest income:        
Total noninterest income 72,954 70,682 143,331 121,745
Noninterest expense:        
Salaries and employee benefits 73,887 75,620 154,367 145,996
Equipment and occupancy 22,026 23,844 43,004 43,175
Other real estate expense, net 2,888 2,523 5,303 2,769
Marketing and other business development 2,142 3,282 5,393 6,230
Postage and supplies 2,070 2,079 4,060 3,971
Amortization of intangibles 2,479 2,271 4,999 4,582
Other noninterest expense 26,113 18,067 51,828 35,014
Total noninterest expense 131,605 127,686 268,954 241,737
Income before income taxes 73,674 124,719 100,365 241,793
Income tax expense 11,230 24,398 9,565 47,512
Net income $ 62,444 $ 100,321 $ 90,800 $ 194,281
Per share information:        
Basic net income per common share (in dollars per share) $ 0.83 $ 1.31 $ 1.20 $ 2.54
Diluted net income per common share (in dollars per share) $ 0.83 $ 1.31 $ 1.20 $ 2.53
Weighted average common shares outstanding:        
Basic (in shares) 75,210,869 76,343,608 75,507,136 76,572,120
Diluted (in shares) 75,323,259 76,611,657 75,645,768 76,866,163
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 6,910 $ 8,940 $ 15,942 $ 17,482
Investment services        
Noninterest income:        
Total noninterest income 5,971 5,868 15,210 11,336
Insurance sales commissions        
Noninterest income:        
Total noninterest income 2,231 2,147 5,471 5,075
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 19,619 6,011 28,202 10,889
Investment gains (losses) on sales, net        
Noninterest income:        
Total noninterest income (128) (4,466) 335 (6,426)
Trust fees        
Noninterest income:        
Total noninterest income 3,958 3,461 8,128 6,756
Income from equity method investment        
Noninterest income:        
Total noninterest income 17,208 32,261 32,800 45,551
Other noninterest income        
Noninterest income:        
Total noninterest income $ 17,185 $ 16,460 $ 37,243 $ 31,082