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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Loans $ 93,949 $ 71,396 $ 184,493 $ 135,628
Securities:        
Taxable interest 18,852 19,163 38,209 37,971
Tax-exempt interest 13,845 10,607 26,580 20,522
Total securities income 32,697 29,770 64,789 58,493
Federal funds and resell agreements 642 151 1,149 202
Interest-bearing due from banks 436 434 1,327 1,286
Trading securities 173 133 225 228
Total interest income 127,897 101,884 251,983 195,837
INTEREST EXPENSE        
Deposits 4,136 3,522 8,191 6,570
Federal funds and repurchase agreements 1,626 470 2,856 962
Other 925 532 1,834 587
Total interest expense 6,687 4,524 12,881 8,119
Net interest income 121,210 97,360 239,102 187,718
Provision for loan losses 7,000 5,000 12,000 8,000
Net interest income after provision for loan losses 114,210 92,360 227,102 179,718
NONINTEREST INCOME        
Trust and securities processing 59,745 67,381 119,230 134,680
Trading and investment banking 5,638 5,568 10,268 11,690
Service charges on deposit accounts 22,420 21,625 43,881 43,166
Insurance fees and commissions 1,160 586 2,657 1,156
Brokerage fees 4,262 2,936 8,447 5,790
Bankcard fees 17,534 18,035 35,550 34,218
Gain on sales of securities available for sale, net 2,598 967 5,531 8,303
Equity earnings (loss) on alternative investments 978 (1,125) 597 (1,967)
Other 7,112 3,577 11,636 7,721
Total noninterest income 121,447 119,550 237,797 244,757
NONINTEREST EXPENSE        
Salaries and employee benefits 108,897 99,585 216,047 198,122
Occupancy, net 11,139 10,312 22,111 20,322
Equipment 17,032 15,410 33,314 29,582
Supplies and services 4,719 4,603 9,668 8,928
Marketing and business development 6,313 6,530 10,754 11,148
Processing fees 11,464 12,654 22,926 25,437
Legal and consulting 4,937 5,917 9,736 10,295
Bankcard 5,369 4,953 11,184 9,721
Amortization of other intangible assets 3,145 2,569 6,371 5,324
Regulatory fees 3,692 2,873 7,121 5,629
Other 8,536 6,558 16,755 11,869
Total noninterest expense 185,243 171,964 365,987 336,377
Income before income taxes 50,414 39,946 98,912 88,098
Income tax expense 13,117 9,732 25,370 24,119
NET INCOME $ 37,297 $ 30,214 $ 73,542 $ 63,979
PER SHARE DATA        
Net income - basic $ 0.76 $ 0.65 $ 1.51 $ 1.40
Net income - diluted 0.76 0.65 1.50 1.39
Dividends $ 0.245 $ 0.235 $ 0.490 $ 0.470
Weighted average shares outstanding - basic 48,770,948 46,240,869 48,763,690 45,624,276
Weighted average shares outstanding - diluted 49,165,686 46,611,096 49,126,207 46,029,978