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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Intangible assets amortization $ 11,126 $ 9,671 $ 7,359
Interest income      
Loans and leases, including fees 431,657 499,009 447,187
Investment securities      
Taxable 73,789 90,168 79,076
Tax-exempt 19,242 17,596 13,428
Total interest on investment securities 93,031 107,764 92,504
Other earning assets 275 805 691
Total interest income 524,963 607,578 540,382
Interest expense      
Deposits 41,922 79,032 56,962
Short-term borrowings 6,442 25,235 18,033
Long-term borrowings 20,088 19,057 16,152
Total interest expense 68,452 123,324 91,147
Net interest income 456,511 484,254 449,235
Provision for loan and lease losses 70,796 30,598 14,586
Provision for Other Credit Losses (237) (165) 273
Net interest income after provision for credit losses 385,952 453,821 434,376
Noninterest income      
Service charges on deposit accounts 29,446 37,939 35,108
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions 16,531 15,644 15,082
Bankcard income 11,726 18,804 20,245
Client derivative fees 10,313 15,662 7,682
Foreign exchange income 39,377 7,739 0
Net gain from sales of loans 51,176 14,851 6,071
Net gain (loss) on sales/transfers of investment securities 4,563 (406) (161)
Equity Securities, FV-NI, Unrealized Gain (Loss) 9,045 575 (208)
Other 16,946 20,565 19,563
Total noninterest income 189,123 131,373 103,382
Noninterest expenses      
Salaries and employee benefits 236,779 209,061 188,990
Net occupancy 23,266 24,069 24,215
Furniture and equipment 14,968 15,903 14,908
Data processing 27,514 21,881 28,077
Marketing 6,414 6,908 7,598
Communication 3,492 3,267 3,167
Professional services 9,961 11,254 12,272
Gain (Loss) on Extinguishment of Debt 7,257 0 0
State intangible tax 6,058 5,829 4,152
FDIC assessments 5,110 1,973 3,969
Other 38,719 32,516 28,830
Total noninterest expenses 390,664 342,332 323,537
Income before income taxes 184,411 242,862 214,221
Income tax expense 28,601 44,787 41,626
Net income $ 155,810 $ 198,075 $ 172,595
Earnings per common share      
Basic $ 1.60 $ 2.01 $ 1.95
Diluted $ 1.59 $ 2.00 $ 1.93
Average common shares outstanding - basic 97,363,952 98,305,570 88,582,090
Average common shares outstanding - diluted 98,093,098 98,851,471 89,614,205