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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans, including fees $ 372,491 $ 427,337
Investment securities available for sale 29,458 51,653
Loans held for sale 6,462 792
Federal Reserve Bank balances 673 1,508
Other earning assets 733 2,607
Total interest income 409,817 483,897
Interest expense:    
Deposits 25,018 86,002
Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings 34 5,932
Long-term debt 10,908 18,703
Total interest expense 35,960 110,637
Net interest income 373,857 373,260
(Reversal of) provision for credit losses (18,575) 158,722
Net interest income after provision for credit losses 392,432 214,538
Non-interest revenue:    
Service charges on deposit accounts 20,033 20,689
Fiduciary and asset management fees 17,954 15,174
Card fees 11,996 10,950
Brokerage revenue 12,974 12,398
Mortgage banking income 22,315 12,227
Capital markets income 7,505 11,243
Income from bank-owned life insurance 8,843 6,038
Investment securities (losses) gains, net (1,990) 8,734
Other non-interest revenue 11,326 6,404
Total non-interest revenue 110,956 103,857
Non-interest expense:    
Salaries and other personnel expense 161,477 149,678
Net occupancy, equipment, and software expense 41,134 42,194
Third-party processing and other services 20,032 22,700
Professional fees 9,084 10,675
FDIC insurance and other regulatory fees 5,579 5,278
Other operating expenses 29,828 45,754
Total non-interest expense 267,134 276,279
Income before income taxes 236,254 42,116
Income tax expense 49,161 3,595
Net income 187,093 38,521
Less: Preferred stock dividends 8,291 8,291
Net income available to common shareholders $ 178,802 $ 30,230
Net income per common share, basic (in dollars per share) $ 1.20 $ 0.21
Net income per common share, diluted (in dollars per share) $ 1.19 $ 0.20
Weighted average common shares outstanding, basic (in shares) 148,467 147,311
Weighted average common shares outstanding, diluted (in shares) 149,780 148,401