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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loans, including fees $ 186,870 $ 172,333 $ 561,990 $ 487,668
Securities:        
Taxable 32,122 21,339 87,125 63,085
Tax-exempt 57,328 59,200 175,067 173,209
Interest-bearing deposits 8,759 14,445 27,226 42,456
Federal funds sold and resell agreements 1,194 1,399 4,323 3,575
Total interest income 286,273 268,716 855,731 769,993
Interest expense:        
Deposits 25,637 22,201 79,655 50,414
Federal funds purchased and repurchase agreements 5,040 2,292 15,276 3,557
Junior subordinated deferrable interest debentures 1,425 1,394 4,401 3,847
Other long-term borrowings 1,164 1,164 3,492 3,492
Total interest expense 33,266 27,051 102,824 61,310
Net interest income 253,007 241,665 752,907 708,683
Provision for loan losses 8,001 2,650 25,404 17,846
Net interest income after provision for loan losses 245,006 239,015 727,503 690,837
Non-interest income:        
Trust and investment management fees 31,649 30,801 93,794 89,509
Service charges on deposit accounts 22,941 21,569 65,529 63,554
Insurance commissions and fees 11,683 11,037 40,207 37,573
Interchange and debit card transaction fees 4,117 3,499 11,265 10,103
Other charges, commissions and fees 10,108 9,580 28,103 27,860
Net gain (loss) on securities transactions 96 (34) 265 (113)
Other 8,630 11,205 29,484 35,682
Total non-interest income 89,224 87,657 268,647 264,168
Non-interest expense:        
Salaries and wages 93,812 87,547 277,078 259,434
Employee benefits 21,002 18,355 64,579 58,257
Net occupancy 24,202 19,894 64,602 59,089
Technology, furniture and equipment 22,415 21,004 66,236 61,142
Deposit insurance 2,491 4,694 7,752 14,178
Intangible amortization 274 336 904 1,093
Other 44,668 41,838 132,722 125,994
Total non-interest expense 208,864 193,668 613,873 579,187
Income before income taxes 125,366 133,004 382,277 375,818
Income taxes 13,530 15,160 42,359 40,153
Net income 111,836 117,844 339,918 335,665
Preferred stock dividends 2,016 2,016 6,047 6,047
Net income available to common shareholders $ 109,820 $ 115,828 $ 333,871 $ 329,618
Earnings per common share:        
Basic $ 1.74 $ 1.80 $ 5.28 $ 5.13
Diluted $ 1.73 $ 1.78 $ 5.24 $ 5.08