XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Interest and fees on loans $ 172,686 $ 148,771 $ 494,892 $ 422,570
Interest on investment securities:        
Taxable 16,360 9,326 43,485 21,207
Tax-exempt 6,178 4,577 17,732 13,238
Dividends on nonmarketable equity securities 1,368 1,039 5,458 2,906
Interest on deposits with the Federal Reserve Bank, other banks and Federal funds sold 1,785 1,231 4,326 3,052
Total interest income 198,377 164,944 565,893 462,973
Interest expense        
Interest on deposits 27,250 12,926 62,874 32,424
Interest on collateralized customer deposits 721 462 1,886 808
Interest on short-term borrowings 9,510 6,129 28,084 12,100
Interest on long-term borrowings 1,415 1,799 4,168 5,968
Total interest expense 38,896 21,316 97,012 51,300
Net interest income 159,481 143,628 468,881 411,673
Provision for loan losses 6,028 5,499 21,856 15,778
Net interest income after provision for loan losses 153,453 138,129 447,025 395,895
Noninterest income        
Net gain on sale of loans and other mortgage banking revenue 9,837 5,241 31,216 24,280
Net gain on sale of investment securities 0 1 3 168
Other 7,372 4,921 22,357 17,102
Total noninterest income 37,917 32,122 116,489 111,700
Operating expenses        
Salaries, wages and employee benefits 56,894 52,590 168,599 164,731
Occupancy 8,620 6,871 24,310 23,008
Equipment and software 8,185 7,582 24,120 24,248
Outside processing and service fees 12,660 9,626 33,689 26,061
Merger expenses 0 2,379 0 7,011
Restructuring expenses 0 18,824 0 18,824
Other 23,302 21,667 65,114 58,089
Total operating expenses 109,661 119,539 315,832 321,972
Income before income taxes 81,709 50,712 247,682 185,623
Income tax expense 11,312 10,253 36,701 45,546
Net income $ 70,397 $ 40,459 $ 210,981 $ 140,077
Earnings per common share:        
Basic earnings per common share (dollars per share) $ 0.99 $ 0.57 $ 2.96 $ 1.98
Diluted earnings per common share (dollars per share) 0.98 0.56 2.93 1.95
Cash dividends declared per common share (dollars per share) $ 0.34 $ 0.28 $ 0.9 $ 0.82
Service charges and fees on deposit accounts        
Noninterest income        
Noninterest income $ 8,187 $ 9,147 $ 25,265 $ 25,928
Wealth management revenue        
Noninterest income        
Noninterest income 6,040 6,188 19,539 18,973
Other charges and fees for customer services        
Noninterest income        
Noninterest income $ 6,481 $ 6,624 $ 18,109 $ 25,249