Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2021

The following table presents selected quarterly data for the years ended December 31, 2021 and 2020.


	2021
(amounts in thousands, except per share data)	December 31		September 30		June 30		March 31
Quarter Ended
Interest income	$	214,037	$	242,851	$	162,881	$	161,115
Interest expense	20,343		22,959		24,124		28,384
Net interest income	193,694		219,892		138,757		132,731
Provision (benefit) for credit losses on loans and leases	13,890		13,164		3,291		(2,919)
Non-interest income	16,991		25,586		16,822		18,468
Non-interest expenses	81,548		80,009		70,823		61,927
Income before income taxes	115,247		152,305		81,465		92,191
Provision for income taxes	12,993		36,263		20,124		17,560
Net income from continuing operations	102,254		116,042		61,341		74,631
Loss from discontinued operations before income tax expense (benefit)	—		—		—		(20,354)
Income tax expense (benefit) from discontinued operations	1,585		—		—		17,682
Net loss from discontinued operations	(1,585)		—		—		(38,036)
Net income	100,669		116,042		61,341		36,595
Preferred stock dividends	2,022		2,981		3,299		3,391
Loss on redemption of preferred stock	—		2,820		—		—
Net income (loss) available (attributable) to common shareholders	$	98,647	$	110,241	$	58,042	$	33,204
Earnings per common share:
Basic earnings (loss) from continuing operations per common share	$	3.07	$	3.40	$	1.80	$	2.23
Basic earnings (loss) per common share	$	3.02	$	3.40	$	1.80	$	1.04
Diluted earnings (loss) from continuing operations per common share	$	2.92	$	3.25	$	1.72	$	2.17
Diluted earnings (loss) per common share	$	2.87	$	3.25	$	1.72	$	1.01


	2020
(amounts in thousands, except per share data)	December 31		September 30		June 30		March 31
Quarter Ended
Interest income	$	153,093	$	139,650	$	125,218	$	125,343
Interest expense	30,147		32,211		33,236		44,022
Net interest income	122,946		107,439		91,982		81,321
Provision (benefit) for credit losses on loans and leases	(2,913)		12,955		20,946		31,786
Non-interest income	16,083		24,864		11,711		11,160
Non-interest expenses	59,933		56,285		49,791		48,967
Income before income taxes	82,009		63,063		32,956		11,728
Provision for income taxes	23,447		12,016		7,980		3,274
Net income from continuing operations	58,562		51,047		24,976		8,454
Loss from discontinued operations before income tax expense (benefit)	(3,539)		(347)		(3,190)		(6,722)
Income tax expense (benefit) from discontinued operations	(1,222)		185		(932)		(1,368)
Net loss from discontinued operations	(2,317)		(532)		(2,258)		(5,354)
Net income	56,245		50,515		22,718		3,100
Preferred stock dividends	3,414		3,430		3,581		3,615
Net income (loss) available (attributable) to common shareholders	$	52,831	$	47,085	$	19,137	$	(515)
Earnings per common share:
Basic earnings (loss) from continuing operations per common share	$	1.74	$	1.51	$	0.68	$	0.15
Basic earnings (loss) per common share	$	1.67	$	1.49	$	0.61	$	(0.02)
Diluted earnings (loss) from continuing operations per common share	$	1.73	$	1.50	$	0.68	$	0.15
Diluted earnings (loss) per common share	$	1.65	$	1.48	$	0.61	$	(0.02)