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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Interest and fees on loans and leases $ 223,321 $ 212,037 $ 642,315 $ 640,255
Interest and dividends on investment securities:        
Taxable 13,979 10,779 43,130 35,797
Exempt from federal income tax 2,125 2,181 6,604 6,599
Dividends 357 332 1,105 1,063
Interest on temporary investments and interest bearing deposits 934 1,090 2,815 2,222
Total interest income 240,716 226,419 695,969 685,936
INTEREST EXPENSE        
Interest on deposits 12,052 8,999 32,341 25,952
Interest on securities sold under agreement to repurchase and federal funds purchased 81 32 432 100
Interest on term debt 3,491 3,558 10,663 11,592
Interest on junior subordinated debentures 4,628 3,938 13,266 11,500
Total interest expense 20,252 16,527 56,702 49,144
Net interest income 220,464 209,892 639,267 636,792
PROVISION FOR LOAN AND LEASE LOSSES 11,997 13,091 34,326 28,503
Net interest income after provision for loan and lease losses 208,467 196,801 604,941 608,289
NON-INTEREST INCOME        
Service charges on deposits 15,849 15,762 46,056 45,945
Brokerage revenue 3,832 4,129 11,857 12,803
Residential mortgage banking revenue, net 33,430 47,206 94,158 99,415
(Loss) gain on investment securities, net (6) 0 27 858
Gain on loan sales, net 7,969 1,285 13,033 9,296
Loss on junior subordinated debentures carried at fair value (1,590) (1,590) (4,717) (4,734)
BOLI income 2,041 2,116 6,199 6,407
Other income 13,877 11,802 40,133 31,330
Total non-interest income 75,402 80,710 206,746 201,320
NON-INTEREST EXPENSE        
Salaries and employee benefits 108,732 105,341 323,766 319,424
Occupancy and equipment, net 37,648 38,181 113,276 114,326
Communications 4,549 5,107 14,512 15,966
Marketing 1,950 2,124 6,057 7,978
Services 9,578 9,983 32,269 32,183
FDIC assessments 4,405 4,109 12,939 11,523
Gain on other real estate owned, net (99) (14) (474) (82)
Intangible amortization 1,689 1,867 5,067 6,755
Merger related expenses 6,664 2,011 9,324 12,095
Goodwill impairment 0 0 0 142
Other expenses 13,238 12,478 38,353 33,377
Total non-interest expense 188,354 181,187 555,089 553,687
Income before provision for income taxes 95,515 96,324 256,598 255,922
Provision for income taxes 34,182 34,515 92,450 92,257
Net income 61,333 61,809 164,148 163,665
Dividends and undistributed earnings allocated to participating securities 14 31 40 92
Net earnings available to common shareholders $ 61,319 $ 61,778 $ 164,108 $ 163,573
Earnings per common share:        
Basic (in usd per share) $ 0.28 $ 0.28 $ 0.75 $ 0.74
Diluted (in usd per share) $ 0.28 $ 0.28 $ 0.74 $ 0.74
Weighted average number of common shares outstanding:        
Basic (in shares) 220,215 220,291 220,270 220,313
Diluted (in shares) 220,755 220,751 220,793 220,936