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Quarterly Financial Summary (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Summary (Unaudited)
Quarterly Financial Summary (Unaudited)

The following is a summary of quarterly financial information for the years ended December 31, 2016 and 2015:
 
 
 
2016 Quarters
 
2015 Quarters
(In thousands, except per share data)  
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
Interest income
 
$
192,231

 
197,064

 
208,149

 
215,013

 
$
170,357

 
175,241

 
185,379

 
187,487

Interest expense
 
20,722

 
21,794

 
23,513

 
24,235

 
18,466

 
18,349

 
19,839

 
20,281

Net interest income
 
171,509

 
175,270

 
184,636

 
190,778

 
151,891

 
156,892

 
165,540

 
167,206

Provision for credit losses
 
8,034

 
9,129

 
9,571

 
7,350

 
6,079

 
9,482

 
8,322

 
9,059

Net interest income after provision for credit losses
 
163,475

 
166,141

 
175,065

 
183,428

 
145,812

 
147,410

 
157,218

 
158,147

Non-interest income, excluding net securities gains (losses)
 
67,427

 
83,359

 
83,299

 
83,700

 
64,017

 
77,037

 
65,051

 
65,169

Gains (losses) on investment securities, net
 
1,325

 
1,440

 
3,305

 
1,575

 
524

 
(24
)
 
(98
)
 
(79
)
Non-interest expense
 
153,730

 
170,969

 
176,615

 
180,371

 
147,318

 
154,297

 
159,974

 
166,829

Income before taxes
 
78,497

 
79,971

 
85,054

 
88,332

 
63,035

 
70,126

 
62,197

 
56,408

Income tax expense
 
29,386

 
29,930

 
31,939

 
33,724

 
23,983

 
26,295

 
23,842

 
20,896

Net income
 
$
49,111

 
50,041

 
53,115

 
54,608

 
$
39,052

 
43,831

 
38,355

 
35,512

Preferred stock dividends
 
3,628

 
3,628

 
3,628

 
3,629

 
1,581

 
1,580

 
4,079

 
3,629

Net income applicable to common shares
 
$
45,483

 
46,413

 
49,487

 
50,979

 
$
37,471

 
42,251

 
34,276

 
31,883

Net income per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.94

 
$
0.94

 
$
0.96

 
$
0.98

 
$
0.79

 
$
0.89

 
$
0.71

 
$
0.66

Diluted
 
0.90

 
0.90

 
0.92

 
0.94

 
0.76

 
0.85

 
0.69

 
0.64

Cash dividends declared per common share
 
0.12

 
0.12

 
0.12

 
0.12

 
0.11

 
0.11

 
0.11

 
0.11