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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Loans $ 143,947 $ 119,132 $ 405,231 $ 338,416
Securities:        
Taxable interest 20,263 17,720 60,566 55,351
Tax-exempt interest 18,281 18,893 55,274 54,372
Total securities income 38,544 36,613 115,840 109,723
Federal funds and resell agreements 665 1,008 2,455 2,638
Interest-bearing due from banks 1,513 753 4,149 1,884
Trading securities 428 389 1,567 1,135
Total interest income 185,097 157,895 529,242 453,796
INTEREST EXPENSE        
Deposits 25,792 10,181 57,961 23,982
Federal funds and repurchase agreements 7,524 5,811 18,922 14,274
Other 1,291 1,045 3,721 2,973
Total interest expense 34,607 17,037 80,604 41,229
Net interest income 150,490 140,858 448,638 412,567
Provision for loan losses 5,750 11,500 22,750 35,000
Net interest income after provision for loan losses 144,740 129,358 425,888 377,567
NONINTEREST INCOME        
Trading and investment banking 3,711 4,453 12,465 18,168
Gain on sales of securities available for sale, net 211 2,390 578 4,138
Other 9,032 7,226 27,659 22,417
Total noninterest income 100,885 104,306 306,699 317,529
NONINTEREST EXPENSE        
Salaries and employee benefits 102,956 99,749 315,099 306,174
Occupancy, net 11,628 11,285 33,394 33,314
Equipment 18,533 17,880 56,201 53,318
Supplies and services 4,528 4,076 12,434 12,962
Marketing and business development 6,671 5,056 17,889 14,929
Processing fees 12,331 11,151 35,029 31,093
Legal and consulting 8,470 5,844 18,774 17,361
Bankcard 4,407 5,130 13,198 15,066
Amortization of other intangible assets 1,385 1,715 4,432 5,685
Regulatory fees 3,337 3,798 10,014 11,702
Other 6,139 6,137 17,015 20,966
Total noninterest expense 180,385 171,821 533,479 522,570
Income before income taxes 65,240 61,843 199,108 172,526
Income tax expense 7,391 12,971 28,302 36,907
Income from continuing operations 57,849 48,872 170,806 135,619
Discontinued Operations        
Loss from discontinued operations before income taxes   (1,030) (917) (722)
Income tax benefit   (300) (170) (247)
Loss from discontinued operations   (730) (747) (475)
NET INCOME $ 57,849 $ 48,142 $ 170,059 $ 135,144
Basic:        
Income from continuing operations $ 1.17 $ 0.99 $ 3.45 $ 2.76
Loss from discontinued operations   (0.01) (0.01) (0.01)
Net income – basic 1.17 0.98 3.44 2.75
Diluted:        
Income from continuing operations 1.16 0.98 3.41 2.72
Loss from discontinued operations   (0.01) (0.01) (0.01)
Net income - diluted 1.16 0.97 3.40 2.71
Dividends $ 0.290 $ 0.255 $ 0.870 $ 0.765
Weighted average shares outstanding - basic 49,473,157 49,283,322 49,482,087 49,221,629
Weighted average shares outstanding - diluted 49,912,084 49,833,141 49,952,984 49,838,619
Trust and Securities Processing [Member]        
NONINTEREST INCOME        
Noninterest income $ 43,425 $ 45,060 $ 130,272 $ 132,412
Service Charges On Deposit Accounts [Member]        
NONINTEREST INCOME        
Noninterest income 20,927 21,510 63,554 66,316
Insurance Fees and Commissions [Member]        
NONINTEREST INCOME        
Noninterest income 339 425 980 1,584
Brokerage Fees [Member]        
NONINTEREST INCOME        
Noninterest income 6,402 5,815 19,046 17,081
Bankcard Fees [Member]        
NONINTEREST INCOME        
Noninterest income $ 16,838 $ 17,427 $ 52,145 $ 55,413