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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Interest and fees on loans $ 165,388 $ 141,314 $ 322,206 $ 273,799
Interest on investment securities:        
Taxable 14,706 7,125 27,125 11,881
Tax-exempt 5,998 4,426 11,554 8,661
Dividends on nonmarketable equity securities 2,189 1,246 4,090 1,867
Interest on deposits with the Federal Reserve Bank, other banks and Federal funds sold 1,301 1,022 2,541 1,821
Total interest income 189,582 155,133 367,516 298,029
Interest expense        
Interest on deposits 19,707 10,582 35,624 19,498
Interest on collateralized customer deposits 641 196 1,165 346
Interest on short-term borrowings 10,408 4,463 18,574 5,971
Interest on long-term borrowings 1,289 1,944 2,753 4,169
Total interest expense 32,045 17,185 58,116 29,984
Net interest income 157,537 137,948 309,400 268,045
Provision for loan losses 9,572 6,229 15,828 10,279
Net interest income after provision for loan losses 147,965 131,719 293,572 257,766
Noninterest income        
Net gain on sale of loans and other mortgage banking revenue 8,844 9,879 21,379 19,039
Net gain on sale of investment securities 3 77 3 167
Other 7,494 6,143 14,985 12,181
Total noninterest income 38,018 41,568 78,572 79,578
Operating expenses        
Salaries, wages and employee benefits 56,148 52,247 111,705 112,141
Occupancy 7,679 8,745 15,690 16,137
Equipment and software 8,276 8,149 15,935 16,666
Outside processing and service fees 10,673 8,924 21,029 16,435
Merger expenses 0 465 0 4,632
Other 21,785 19,707 41,812 36,422
Total operating expenses 104,561 98,237 206,171 202,433
Income before income taxes 81,422 75,050 165,973 134,911
Income tax expense 12,434 23,036 25,389 35,293
Net income $ 68,988 $ 52,014 $ 140,584 $ 99,618
Earnings per common share:        
Basic earnings per common share (dollars per share) $ 0.97 $ 0.73 $ 1.97 $ 1.41
Diluted earnings per common share (dollars per share) 0.96 0.73 1.95 1.39
Cash dividends declared per common share (dollars per share) $ 0.28 $ 0.27 $ 0.56 $ 0.54
Service charges and fees on deposit accounts        
Noninterest income        
Noninterest income $ 8,615 $ 8,777 $ 17,078 $ 16,781
Wealth management revenue        
Noninterest income        
Noninterest income 7,188 6,958 13,499 12,785
Other charges and fees for customer services        
Noninterest income        
Noninterest income $ 5,874 $ 9,734 $ 11,628 $ 18,625