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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:        
Loans, including fees $ 261,971 $ 232,974 $ 511,319 $ 462,892
Investment securities available for sale 20,266 16,685 40,099 33,655
Trading account assets 21 12 49 34
Mortgage loans held for sale 505 650 972 1,238
Federal Reserve Bank balances 1,304 1,020 2,515 2,019
Other earning assets 1,443 1,052 2,957 1,878
Total interest income 285,510 252,393 557,911 501,716
Interest expense:        
Deposits 18,118 16,200 35,075 32,214
Federal funds purchased and securities sold under repurchase agreements 45 51 84 96
Long-term debt 16,250 14,693 31,728 29,763
Total interest expense 34,413 30,944 66,887 62,073
Net interest income 251,097 221,449 491,024 439,643
Provision for loan losses 10,260 6,693 18,934 16,070
Net interest income after provision for loan losses 240,837 214,756 472,090 423,573
Non-interest income:        
Service charges on deposit accounts 19,820 20,240 39,593 39,950
Fiduciary and asset management fees 12,524 11,580 24,676 22,854
Brokerage revenue 7,210 7,338 14,436 13,821
Mortgage banking income 5,784 5,941 11,548 11,425
Bankcard fees 8,253 8,346 16,438 16,718
Investment securities gains (losses), net (1) 0 7,667 67
(Decrease) increase in fair value of private equity investments, net (1,352) 113 (3,166) (278)
Other fee income 6,164 5,280 11,033 10,084
Other non-interest income 10,299 9,048 18,314 16,392
Total non-interest income 68,701 67,886 140,539 131,033
Non-interest expense:        
Salaries and other personnel expense 105,213 97,061 212,404 198,419
Net occupancy and equipment expense 29,933 26,783 59,264 53,360
Third-party processing expense 13,620 11,698 26,223 22,814
FDIC insurance and other regulatory fees 6,875 6,625 13,645 13,344
Professional fees 7,551 6,938 12,907 13,307
Advertising expense 5,346 7,351 11,258 9,761
Foreclosed real estate expense, net 1,448 4,588 3,582 7,272
Earnout liability adjustment 1,707 0 1,707 0
Merger-related expense 0 0 86 0
Loss on early extinguishment of debt, net 0 0 0 4,735
Fair value adjustment to Visa derivative 0 360 0 720
Restructuring charges, net 13 5,841 6,524 6,981
Other operating expenses 20,041 21,366 41,533 46,131
Total non-interest expense 191,747 188,611 389,133 376,844
Income before income taxes 117,791 94,031 223,496 177,762
Income tax expense 41,788 33,574 75,635 64,773
Net income 76,003 60,457 147,861 112,989
Dividends on preferred stock 2,559 2,559 5,119 5,119
Net income available to common shareholders $ 73,444 $ 57,898 $ 142,742 $ 107,870
Net income per common share, basic (in dollars per share) $ 0.60 $ 0.46 $ 1.17 $ 0.85
Net income per common share, diluted (in dollars per share) $ 0.60 $ 0.46 $ 1.16 $ 0.85
Weighted average common shares outstanding, basic (in shares) 122,203 125,100 122,251 126,164
Weighted average common shares outstanding, diluted (in shares) 123,027 125,699 123,043 126,778