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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Loans, including fees $ 149,737 $ 163,985
Investment securities:    
Taxable 15,213 13,691
Tax-exempt 7,140 5,653
Loans held for sale 241 471
Other interest income 670 1,136
Total Interest Income 173,001 184,936
Interest Expense    
Deposits 5,605 9,602
Short-term borrowings 121 188
Long-term borrowings 5,965 10,698
Total Interest Expense 11,691 20,488
Net Interest Income 161,310 164,448
Provision for credit losses (6,950) (5,500)
Net Interest Income After Provision for Credit Losses 168,260 169,948
Non-Interest Income    
Non-interest income before investment securities gains 55,237 61,922
Investment securities gains, net 19 33,475
Total Non-Interest Income 55,256 95,397
Non-Interest Expense    
Salaries and employee benefits 84,464 82,586
Net occupancy 14,522 13,982
Data processing and software 14,315 13,561
Other outside services 8,167 8,490
Equipment 3,423 3,428
FDIC insurance 3,209 2,624
State taxes 3,037 4,505
Professional fees 1,792 2,779
Marketing 1,320 1,002
Intangible amortization 176 115
Debt extinguishment 0 32,163
Merger-related expenses 401 0
Other 11,152 13,149
Total Non-Interest Expense 145,978 178,384
Income Before Income Taxes 77,538 86,961
Income taxes 13,250 13,898
Net Income 64,288 73,063
Preferred stock dividends (2,562) (2,591)
Net Income Available to Common Shareholders $ 61,726 $ 70,472
PER SHARE:    
Net Income (Basic) (in dollars per share) $ 0.38 $ 0.43
Net Income (Diluted) (in dollars per share) 0.38 0.43
Cash Dividends (in dollars per share) $ 0.15 $ 0.14
Commercial banking    
Non-Interest Income    
Non-interest income before investment securities gains $ 16,008 $ 16,342
Consumer banking    
Non-Interest Income    
Non-interest income before investment securities gains 11,674 10,754
Wealth management    
Non-Interest Income    
Non-interest income before investment securities gains 19,428 17,347
Mortgage banking    
Non-Interest Income    
Non-interest income before investment securities gains 4,576 13,960
Other    
Non-Interest Income    
Non-interest income before investment securities gains $ 3,551 $ 3,519