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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income      
Loans $ 335,312 $ 282,164 $ 358,015
Securities and other 51,945 46,901 51,767
Total interest and dividend income 387,257 329,065 409,782
Interest expense      
Deposits 33,437 27,236 72,715
Borrowings and subordinated notes 9,223 10,663 20,285
Total interest expense 42,660 37,899 93,000
Net interest income 344,597 291,166 316,782
Non-interest income      
Other 6,973 6,631 2,597
(Loss) on securities, net (2,031) (787) (7,520)
Gain on sale of business operations and assets, net 0 52,942 1,240
Total non-interest income 68,937 143,248 66,307
Total net revenue 413,534 434,414 383,089
Provision expense/(benefit) for credit losses 11,000 (500) 75,878
Non-interest expense      
Compensation and benefits 152,741 150,589 147,840
Occupancy and equipment 37,638 41,782 43,359
Technology and communications 35,586 33,803 32,364
Marketing and promotion 5,103 2,749 3,703
Professional services 12,043 15,860 11,907
FDIC premiums and assessments 3,105 3,759 5,876
Other real estate owned and foreclosures 36 17 125
Amortization of intangible assets 5,134 5,200 6,181
Goodwill impairment 0 0 553,762
Merger, restructuring and conversion related expenses 8,909 5,781 5,839
Other 28,421 26,353 29,283
Total non-interest expense 288,716 285,893 840,239
Income/(loss) from continuing operations before income taxes 113,818 149,021 (533,028)
Income tax expense/(benefit) from continuing operations 21,285 30,357 (19,853)
Net income/(loss) from continuing operations 92,533 118,664 (513,175)
(Loss) from discontinued operations before income taxes 0 0 (26,855)
Income tax (benefit) from discontinued operations 0 0 (7,013)
Net (loss) from discontinued operations 0 0 (19,842)
Net income/(loss) 92,533 118,664 (533,017)
Preferred stock dividend 0 0 313
Income/(loss) available to common shareholders $ 92,533 $ 118,664 $ (533,330)
Basic earnings/(loss) per share:      
Continuing Operations (in USD per share) $ 2.03 $ 2.41 $ (10.21)
Discontinued operations (in USD per share) 0 0 (0.39)
Total basic earnings/(loss) per share (in USD per share) 2.03 2.41 (10.60)
Diluted earnings/(loss) per share:      
Continuing Operations (in USD per share) 2.02 2.39 (10.21)
Discontinued operations (in USD per share) 0 0 (0.39)
Total diluted earnings/(loss) per share (in USD per share) $ 2.02 $ 2.39 $ (10.60)
Weighted average common shares outstanding:      
Basic (in shares) 45,564 49,240 50,270
Diluted (in shares) 45,914 49,554 50,270
Total fee income      
Non-interest income      
Total fee income $ 63,995 $ 84,462 $ 69,990
Deposit related fees      
Non-interest income      
Total fee income 32,026 29,813 27,905
Loan fees and revenue      
Non-interest income      
Total fee income 21,731 35,060 16,840
Insurance commissions and fees      
Non-interest income      
Total fee income 0 7,003 10,770
Wealth management fees      
Non-interest income      
Total fee income 10,008 10,530 9,285
Mortgage banking income      
Non-interest income      
Total fee income $ 230 $ 2,056 $ 5,190