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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Interest and fees on loans $ 188,875 $ 165,388 $ 372,167 $ 322,206
Interest on investment securities:        
Taxable 21,214 14,706 41,715 27,125
Tax-exempt 7,297 5,998 14,467 11,554
Dividends on nonmarketable equity securities 2,401 2,189 4,139 4,090
Interest on deposits with the Federal Reserve Bank and other banks and federal funds sold 1,641 1,301 2,921 2,541
Total interest income 221,428 189,582 435,409 367,516
Interest expense        
Interest on deposits 42,011 19,707 81,009 35,624
Interest on collateralized customer deposits 537 641 1,164 1,165
Interest on short-term borrowings 11,345 10,408 20,523 18,574
Interest on long-term borrowings 2,374 1,289 4,728 2,753
Total interest expense 56,267 32,045 107,424 58,116
Net interest income 165,161 157,537 327,985 309,400
Provision for loan losses 7,502 9,572 9,561 15,828
Net interest income after provision for loan losses 157,659 147,965 318,424 293,572
Noninterest income        
Net gain on sale of loans and other mortgage banking revenue 4,532 8,844 5,426 21,379
Net gain on sale of investment securities 4,160 3 4,247 3
Other 8,504 7,494 13,717 14,985
Total noninterest income 38,164 38,018 63,021 78,572
Operating expenses        
Salaries, wages and employee benefits 62,129 56,148 122,146 111,705
Occupancy 7,786 7,679 16,063 15,690
Equipment and software 7,076 8,276 14,055 15,935
Outside processing and service fees 12,206 10,673 23,932 21,029
Merger expenses 3,042 0 8,466 0
Other 18,764 21,785 35,356 41,812
Total operating expenses 111,003 104,561 220,018 206,171
Income before income taxes 84,820 81,422 161,427 165,973
Income tax expense 15,226 12,434 28,891 25,389
Net income $ 69,594 $ 68,988 $ 132,536 $ 140,584
Earnings per common share:        
Basic earnings per common share (dollars per share) $ 0.97 $ 0.97 $ 1.85 $ 1.97
Diluted earnings per common share (dollars per share) $ 0.96 $ 0.96 $ 1.84 $ 1.95
Service charges and fees on deposit accounts        
Noninterest income        
Noninterest income $ 8,247 $ 9,690 $ 16,214 $ 19,124
Wealth management revenue        
Noninterest income        
Noninterest income 6,966 7,188 12,838 13,499
Other charges and fees for customer services        
Noninterest income        
Noninterest income $ 5,755 $ 4,799 $ 10,579 $ 9,582