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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Loans $ 135,150 $ 112,724 $ 261,284 $ 219,284
Securities:        
Taxable interest 20,523 18,441 40,303 37,631
Tax-exempt interest 18,290 18,296 36,993 35,479
Total securities income 38,813 36,737 77,296 73,110
Federal funds and resell agreements 752 711 1,790 1,630
Interest-bearing due from banks 1,056 580 2,636 1,131
Trading securities 709 459 1,139 746
Total interest income 176,480 151,211 344,145 295,901
INTEREST EXPENSE        
Deposits 18,334 7,835 32,169 13,801
Federal funds and repurchase agreements 6,666 4,994 11,398 8,463
Other 1,254 988 2,430 1,928
Total interest expense 26,254 13,817 45,997 24,192
Net interest income 150,226 137,394 298,148 271,709
Provision for loan losses 7,000 14,500 17,000 23,500
Net interest income after provision for loan losses 143,226 122,894 281,148 248,209
NONINTEREST INCOME        
Trading and investment banking 4,653 6,173 8,754 13,715
Gain on sales of securities available for sale, net 228 1,280 367 1,748
Other 8,026 8,675 18,627 15,191
Total noninterest income 100,289 110,306 205,814 213,223
NONINTEREST EXPENSE        
Salaries and employee benefits 104,175 102,773 212,143 206,425
Occupancy, net 10,813 11,061 21,766 22,029
Equipment 18,842 17,956 37,668 35,438
Supplies and services 4,146 4,792 7,906 8,886
Marketing and business development 6,184 5,732 11,218 9,873
Processing fees 11,537 10,743 22,698 19,942
Legal and consulting 6,460 6,467 10,304 11,517
Bankcard 4,165 5,033 8,791 9,936
Amortization of other intangible assets 1,485 1,924 3,047 3,970
Regulatory fees 3,772 4,071 6,677 7,904
Other 5,639 6,387 10,876 14,829
Total noninterest expense 177,218 176,939 353,094 350,749
Income before income taxes 66,297 56,261 133,868 110,683
Income tax expense 10,873 11,490 20,911 23,936
Income from continuing operations 55,424 44,771 112,957 86,747
Discontinued Operations        
(Loss) income from discontinued operations before income taxes   (2,599) (917) 308
Income tax (benefit) expense   (649) (170) 53
(Loss) income from discontinued operations   (1,950) (747) 255
NET INCOME $ 55,424 $ 42,821 $ 112,210 $ 87,002
Basic:        
Income from continuing operations $ 1.12 $ 0.91 $ 2.28 $ 1.76
(Loss) income from discontinued operations   (0.04) (0.01) 0.01
Net income – basic 1.12 0.87 2.27 1.77
Diluted:        
Income from continuing operations 1.11 0.90 2.26 1.74
(Loss) income from discontinued operations   (0.04) (0.01) 0.01
Net income - diluted 1.11 0.86 2.25 1.75
Dividends $ 0.290 $ 0.255 $ 0.580 $ 0.510
Weighted average shares outstanding - basic 49,551,920 49,269,786 49,486,626 49,190,271
Weighted average shares outstanding - diluted 50,007,022 49,848,903 49,973,992 49,829,193
Trust and Securities Processing [Member]        
NONINTEREST INCOME        
Noninterest income $ 42,845 $ 44,811 $ 86,847 $ 87,352
Service Charges On Deposit Accounts [Member]        
NONINTEREST INCOME        
Noninterest income 20,722 22,731 42,627 44,806
Insurance Fees and Commissions [Member]        
NONINTEREST INCOME        
Noninterest income 340 513 641 1,159
Brokerage Fees [Member]        
NONINTEREST INCOME        
Noninterest income 6,291 5,889 12,644 11,266
Bankcard Fees [Member]        
NONINTEREST INCOME        
Noninterest income $ 17,184 $ 20,234 $ 35,307 $ 37,986