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CONSOLIDATED STATEMENTS OF INCOME - 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 $ 371,288 $ 401,997 $ 743,779 $ 829,334
Investment securities available for sale 33,298 44,935 62,755 96,588
Loans held for sale 6,609 1,914 13,071 2,706
Federal Reserve Bank balances 709 394 1,383 1,902
Other earning assets 839 2,329 1,572 4,936
Total interest income 412,743 451,569 822,560 935,466
Interest expense:        
Deposits 19,371 56,474 44,389 142,476
Federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings 34 1,778 69 7,710
Long-term debt 11,478 16,751 22,386 35,454
Total interest expense 30,883 75,003 66,844 185,640
Net interest income 381,860 376,566 755,716 749,826
(Reversal of) provision for credit losses (24,598) 141,851 (43,173) 300,573
Net interest income after (reversal of) provision for credit losses 406,458 234,715 798,889 449,253
Non-interest revenue:        
Service charges on deposit accounts 21,414 15,567 41,448 36,255
Fiduciary and asset management fees 18,805 14,950 36,759 30,124
Card fees 13,304 9,186 25,300 20,136
Brokerage revenue 13,926 9,984 26,899 22,383
Mortgage banking income 13,842 23,530 36,157 35,757
Capital markets income 3,335 6,050 10,840 17,294
Income from bank-owned life insurance 7,188 7,756 16,031 13,794
Investment securities gains (losses), net 0 69,409 (1,990) 78,144
Other non-interest revenue 15,273 17,052 26,599 23,454
Total non-interest revenue 107,087 173,484 218,043 277,341
Non-interest expense:        
Salaries and other personnel expense 160,567 159,597 322,044 309,274
Net occupancy, equipment, and software expense 41,825 41,727 82,959 83,921
Third-party processing and other services 24,419 22,666 44,451 45,366
Professional fees 7,947 15,305 17,031 25,980
FDIC insurance and other regulatory fees 5,547 6,851 11,127 12,129
Other operating expenses 30,226 37,995 60,053 83,751
Total non-interest expense 270,531 284,141 537,665 560,421
Income before income taxes 243,014 124,058 479,267 166,173
Income tax expense 56,814 30,866 105,975 34,461
Net income 186,200 93,192 373,292 131,712
Less: Preferred stock dividends 8,291 8,291 16,581 16,581
Net income available to common shareholders $ 177,909 $ 84,901 $ 356,711 $ 115,131
Net income per common share, basic (in dollars per share) $ 1.20 $ 0.58 $ 2.41 $ 0.78
Net income per common share, diluted (in dollars per share) $ 1.19 $ 0.57 $ 2.38 $ 0.78
Weighted average common shares outstanding, basic (in shares) 148,113 147,288 148,289 147,300
Weighted average common shares outstanding, diluted (in shares) 149,747 147,733 149,764 148,067