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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Total revenues $ 591,562 $ 550,960
Expenses    
Other 523,700 482,109
Operating income (loss)    
Total operating income 67,862 68,851
Interest expense, net—other than on deposit liabilities and other bank borrowings (19,568) (20,126)
Allowance for borrowed funds used during construction 889 662
Allowance for equity funds used during construction 2,399 1,739
Income before income taxes 51,582 51,126
Income taxes 16,916 18,301
Net income 34,666 32,825
Preferred stock dividends of subsidiaries 473 473
Net income for common stock $ 34,193 $ 32,352
Basic earnings per common share (in dollars per share) $ 0.31 $ 0.30
Diluted earnings per common share (in dollars per share) 0.31 0.30
Dividends per common share (in dollars per share) $ 0.31 $ 0.31
Weighted-average number of common shares outstanding (in shares) 108,674 107,620
Net effect of potentially dilutive shares (in shares) 184 161
Weighted-average shares assuming dilution (in shares) 108,858 107,781
Electric utility    
Revenues    
Total revenues $ 518,611 $ 482,052
Expenses    
Other 469,673 426,726
Operating income (loss)    
Total operating income 48,938 55,326
Income before income taxes 34,722 40,419
Income taxes 12,758 14,553
Net income 21,964 25,866
Preferred stock dividends of subsidiaries 499 499
Net income for common stock 21,465 25,367
Bank    
Revenues    
Total revenues 72,856 68,840
Expenses    
Other 48,696 49,246
Operating income (loss)    
Total operating income 24,160 19,594
Income before income taxes 24,160 19,594
Income taxes 8,347 6,921
Net income 15,813 12,673
Preferred stock dividends of subsidiaries 0 0
Net income for common stock 15,813 12,673
Other    
Revenues    
Total revenues 95 68
Expenses    
Other 5,331 6,137
Operating income (loss)    
Total operating income (5,236) (6,069)
Income before income taxes (7,300) (8,887)
Income taxes (4,189) (3,173)
Net income (3,111) (5,714)
Preferred stock dividends of subsidiaries (26) (26)
Net income for common stock $ (3,085) $ (5,688)