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Consolidated Statements Of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Interest and fees on loans $ 212,709 $ 178,530 $ 412,023 $ 351,657
Interest bearing deposits with banks 1,634 793 3,257 1,539
Federal funds sold and securities purchased under resale agreements 1 1 2 2
Investment securities 15,524 16,398 29,097 33,588
Trading account securities 4 14 15 25
Federal Home Loan Bank and Federal Reserve Bank stock 1,153 1,112 2,223 2,049
Brokerage customer receivables 156 216 323 435
Total interest income 231,181 197,064 446,940 389,295
Interest expense        
Interest on deposits 18,471 13,594 34,741 26,375
Interest on Federal Home Loan Bank advances 2,933 2,984 4,523 5,870
Interest on other borrowings 1,149 1,086 2,288 2,144
Interest on subordinated notes 1,786 1,777 3,558 3,554
Interest on junior subordinated debentures 2,433 2,353 4,841 4,573
Total interest expense 26,772 21,794 49,951 42,516
Net interest income 204,409 175,270 396,989 346,779
Provision for credit losses 8,891 9,129 14,100 17,163
Net interest income after provision for credit losses 195,518 166,141 382,889 329,616
Non-interest income        
Wealth management 19,905 18,852 40,053 37,172
Mortgage banking 35,939 36,807 57,877 58,542
Service charges on deposit accounts 8,696 7,726 16,961 15,132
Gains (losses) on investment securities, net 47 1,440 (8) 2,765
Fees from covered call options 890 4,649 1,649 6,361
Trading losses, net (420) (316) (740) (484)
Operating lease income, net 6,805 4,005 12,587 6,811
Other 18,110 11,636 30,358 27,252
Total non-interest income 89,972 84,799 158,737 153,551
Non-interest expense        
Salaries and employee benefits 106,502 100,894 205,818 196,705
Equipment 9,909 9,307 18,911 18,074
Operating lease equipment depreciation 5,662 3,385 10,298 5,435
Occupancy, net 12,586 11,943 25,687 23,891
Data processing 7,804 7,138 15,729 13,657
Advertising and marketing 8,726 6,941 13,876 10,720
Professional fees 7,510 5,419 12,170 9,478
Amortization of other intangible assets 1,141 1,248 2,305 2,546
FDIC insurance 3,874 4,040 8,030 7,653
OREO expense, net 739 1,348 2,404 1,908
Other 19,091 19,306 36,434 34,632
Total non-interest expense 183,544 170,969 351,662 324,699
Income before taxes 101,946 79,971 189,964 158,468
Income tax expense 37,049 29,930 66,689 59,316
Net income 64,897 50,041 123,275 99,152
Preferred stock dividends 2,050 3,628 5,678 7,256
Net income applicable to common shares $ 62,847 $ 46,413 $ 117,597 $ 91,896
Net income per common share-Basic (usd per share) $ 1.15 $ 0.94 $ 2.20 $ 1.88
Net income per common share-Diluted (usd per share) 1.11 0.90 2.11 1.80
Cash dividends declared per common share (usd per share) $ 0.14 $ 0.12 $ 0.28 $ 0.24
Weighted average common shares outstanding 54,775 49,140 53,528 48,794
Dilutive potential common shares 1,812 3,965 2,981 3,887
Average common shares and dilutive common shares 56,587 53,105 56,509 52,681