XML 25 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income      
Interest and fees on loans $ 675,875 $ 573,128 $ 383,545
Interest on investment securities:      
Taxable 62,231 31,496 10,989
Tax-exempt 24,286 18,343 12,317
Dividends on nonmarketable equity securities 7,877 4,924 1,973
Interest on deposits with the Federal Reserve Bank, other banks and Federal funds sold 5,727 4,244 1,555
Total interest income 775,996 632,135 410,379
Interest expense      
Interest on deposits 96,980 46,727 23,021
Interest on collateralized customer deposits 2,607 1,269 303
Interest on short-term borrowings 37,510 19,052 1,357
Interest on long-term borrowings 6,566 7,509 4,617
Total interest expense 143,663 74,557 29,298
Net interest income 632,333 557,578 381,081
Provision for loan losses 30,750 23,300 14,875
Net interest income after provision for loan losses 601,583 534,278 366,206
Noninterest income      
Net gain on sale of loans and other mortgage banking revenue 35,193 32,205 21,859
Net gain (loss) on sale of investment securities 224 (7,388) 129
Gain on sale of branch offices 0 0 7,391
Other 28,589 25,918 11,988
Total noninterest income 148,536 144,019 122,350
Operating expenses      
Salaries, wages and employee benefits 225,427 215,562 165,862
Occupancy 31,670 30,554 23,525
Equipment and software 31,761 32,248 24,408
Outside processing and service fees 45,387 35,142 21,199
Merger expenses 0 8,522 61,134
Restructuring expenses 0 19,880 0
Other 89,953 80,086 42,290
Total operating expenses 424,198 421,994 338,418
Income before income taxes 325,921 256,303 150,138
Income tax expense 41,901 106,780 42,106
Net income $ 284,020 $ 149,523 $ 108,032
Earnings per common share:      
Basic (in dollars per share) $ 3.98 $ 2.11 $ 2.21
Diluted (in dollars per share) $ 3.94 $ 2.08 $ 2.17
Service charges and fees on deposit accounts      
Noninterest income      
Noninterest income $ 37,097 $ 38,367 $ 30,724
Wealth management revenue      
Noninterest income      
Noninterest income 25,996 25,512 22,601
Other charges and fees for customer services      
Noninterest income      
Noninterest income $ 21,437 $ 29,405 $ 27,658