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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ 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 $ 232,788 $ 226,281 $ 460,160 $ 462,701
Securities:        
Taxable 8,359 9,589 16,087 19,857
Tax-exempt 16,546 14,596 32,044 28,420
Federal funds sold and other 1,543 1,272 2,862 3,829
Total interest income 259,236 251,738 511,153 514,807
Interest expense:        
Deposits 13,861 33,727 31,329 84,425
Securities sold under agreements to repurchase 56 94 128 209
Federal Home Loan Bank advances and other borrowings 12,094 17,260 23,601 35,964
Total interest expense 26,011 51,081 55,058 120,598
Net interest income 233,225 200,657 456,095 394,209
Provision for credit losses 2,834 68,332 10,069 168,221
Net interest income after provision for credit losses 230,391 132,325 446,026 225,988
Noninterest income:        
Total noninterest income 98,207 72,954 190,916 143,331
Noninterest expense:        
Salaries and employee benefits 110,824 73,887 213,552 154,367
Equipment and occupancy 23,321 22,026 46,541 43,004
Other real estate (income) expense, net (657) 2,888 (670) 5,303
Marketing and other business development 2,652 2,142 5,001 5,393
Postage and supplies 2,115 2,070 3,921 4,060
Amortization of intangibles 2,167 2,479 4,373 4,999
Other noninterest expense 25,718 26,113 48,118 51,828
Total noninterest expense 166,140 131,605 320,836 268,954
Income before income taxes 162,458 73,674 316,106 100,365
Income tax expense 30,668 11,230 58,888 9,565
Net income 131,790 62,444 257,218 90,800
Preferred stock dividends (3,798) 0 (7,596) 0
Net income available to common shareholders $ 127,992 $ 62,444 $ 249,622 $ 90,800
Per share information:        
Basic net income per common share $ 1.70 $ 0.83 $ 3.31 $ 1.20
Diluted net income per common share $ 1.69 $ 0.83 $ 3.30 $ 1.20
Weighted average common shares outstanding:        
Basic 75,481,198 75,210,869 75,427,340 75,507,136
Diluted 75,809,974 75,323,259 75,735,763 75,645,768
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 8,906 $ 6,910 $ 17,213 $ 15,942
Investment services        
Noninterest income:        
Total noninterest income 8,997 5,971 17,188 15,210
Insurance sales commissions        
Noninterest income:        
Total noninterest income 2,406 2,231 5,631 5,471
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 6,700 19,619 20,366 28,202
Investment gains (losses) on sales, net        
Noninterest income:        
Total noninterest income 366 (128) 366 335
Trust fees        
Noninterest income:        
Total noninterest income 5,062 3,958 9,749 8,128
Income from equity method investment        
Noninterest income:        
Total noninterest income 32,071 17,208 61,021 32,800
Other noninterest income        
Noninterest income:        
Total noninterest income $ 33,699 $ 17,185 $ 59,382 $ 37,243