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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans, including fees $ 391,307 $ 371,288 $ 752,399 $ 743,779
Investment securities available for sale 50,312 33,298 97,562 62,755
Loans held for sale 8,600 6,609 14,781 13,071
Federal Reserve Bank balances 1,593 709 2,382 1,383
Other earning assets 1,960 839 2,710 1,572
Total interest income 453,772 412,743 869,834 822,560
Interest expense:        
Deposits 18,501 19,371 32,160 44,389
Long-term debt 8,769 11,478 18,913 22,386
Other borrowings 1,114 34 1,126 69
Total interest expense 28,384 30,883 52,199 66,844
Net interest income 425,388 381,860 817,635 755,716
Provision for (reversal of) credit losses 12,688 (24,598) 24,088 (43,173)
Net interest income after provision for (reversal of) credit losses 412,700 406,458 793,547 798,889
Non-interest revenue:        
Service charges on deposit accounts 23,491 21,414 46,030 41,448
Fiduciary and asset management fees 20,100 18,805 40,377 36,759
Card fees 16,089 13,304 30,846 25,300
Brokerage revenue 15,243 13,926 29,898 26,899
Mortgage banking income 3,904 13,842 9,857 36,157
Capital markets income 7,393 3,335 12,864 10,840
Income from bank-owned life insurance 9,165 7,188 15,722 16,031
Investment securities gains (losses), net 0 0 0 (1,990)
Other non-interest revenue 1,881 15,273 17,006 26,599
Total non-interest revenue 97,266 107,087 202,600 218,043
Non-interest expense:        
Salaries and other personnel expense 161,063 160,567 325,747 322,044
Net occupancy, equipment, and software expense 43,199 41,825 86,076 82,959
Third-party processing and other services 21,952 24,419 42,947 44,451
Professional fees 10,865 7,947 19,338 17,031
FDIC insurance and other regulatory fees 6,894 5,547 13,144 11,127
Restructuring charges (1,850) 415 (8,274) 946
Other operating expense 39,928 29,811 75,523 59,107
Total non-interest expense 282,051 270,531 554,501 537,665
Income before income taxes 227,915 243,014 441,646 479,267
Income tax expense 49,863 56,814 92,558 105,975
Net income 178,052 186,200 349,088 373,292
Less: Preferred stock dividends 8,291 8,291 16,581 16,581
Net income available to common shareholders $ 169,761 $ 177,909 $ 332,507 $ 356,711
Net income per common share, basic (in dollars per share) $ 1.17 $ 1.20 $ 2.29 $ 2.41
Net income per common share, diluted (in dollars per share) $ 1.16 $ 1.19 $ 2.27 $ 2.38
Weighted average common shares outstanding, basic (in shares) 145,328 148,113 145,301 148,289
Weighted average common shares outstanding, diluted (in shares) 146,315 149,747 146,489 149,764