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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Loans, including fees $ 361,091 $ 372,491
Investment securities available for sale 47,249 29,458
Loans held for sale 6,182 6,462
Federal Reserve Bank balances 788 673
Other earning assets 752 733
Total interest income 416,062 409,817
Interest expense:    
Deposits 13,659 25,018
Long-term debt 10,144 10,908
Other borrowings 11 34
Total interest expense 23,814 35,960
Net interest income 392,248 373,857
Provision for (reversal of) credit losses 11,400 (18,575)
Net interest income after provision for (reversal of) credit losses 380,848 392,432
Non-interest revenue:    
Service charges on deposit accounts 22,539 20,033
Fiduciary and asset management fees 20,277 17,954
Card fees 14,756 11,996
Brokerage revenue 14,655 12,974
Mortgage banking income 5,953 22,315
Capital markets income 5,472 7,505
Income from bank-owned life insurance 6,556 8,843
Investment securities gains (losses), net 0 (1,990)
Other non-interest revenue 15,126 11,326
Total non-interest revenue 105,334 110,956
Non-interest expense:    
Salaries and other personnel expense 164,684 161,477
Net occupancy, equipment, and software expense 42,877 41,134
Third-party processing and other services 20,996 20,032
Professional fees 8,474 9,084
FDIC insurance and other regulatory fees 6,250 5,579
Restructuring charges (6,424) 531
Other operating expense 35,593 29,297
Total non-interest expense 272,450 267,134
Income before income taxes 213,732 236,254
Income tax expense 42,695 49,161
Net income 171,037 187,093
Less: Preferred stock dividends 8,291 8,291
Net income available to common shareholders $ 162,746 $ 178,802
Net income per common share, basic (in dollars per share) $ 1.12 $ 1.20
Net income per common share, diluted (in dollars per share) $ 1.11 $ 1.19
Weighted average common shares outstanding, basic (in shares) 145,273 148,467
Weighted average common shares outstanding, diluted (in shares) 146,665 149,780