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Interim Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Interim Financial Data

The following table details the quarterly results of operations for the years ended December 31, 2018 and 2017.

 

(unaudited, dollars

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and shares in thousands,

 

Three Months Ended

 

 

Three Months Ended

 

except per share data)

 

12/31/2018

 

 

9/30/2018

 

 

6/30/2018

 

 

3/31/2018

 

 

12/31/2017

 

 

9/30/2017

 

 

6/30/2017

 

 

3/31/2017

 

Interest income

 

$

175,234

 

 

$

155,369

 

 

$

153,736

 

 

$

147,706

 

 

$

135,134

 

 

$

123,525

 

 

$

118,209

 

 

$

118,468

 

Interest expense

 

 

29,009

 

 

 

24,527

 

 

 

21,773

 

 

 

19,134

 

 

 

16,578

 

 

 

15,047

 

 

 

13,876

 

 

 

12,667

 

Net interest income

 

 

146,225

 

 

 

130,842

 

 

 

131,963

 

 

 

128,572

 

 

 

118,556

 

 

 

108,478

 

 

 

104,333

 

 

 

105,801

 

Provision for loan losses

 

 

3,390

 

 

 

750

 

 

 

2,446

 

 

 

380

 

 

 

1,037

 

 

 

311

 

 

 

1,355

 

 

 

347

 

Noninterest income

 

 

58,154

 

 

 

45,957

 

 

 

49,289

 

 

 

41,905

 

 

 

44,825

 

 

 

46,366

 

 

 

49,271

 

 

 

42,920

 

Noninterest expense

 

 

150,268

 

 

 

119,376

 

 

 

130,460

 

 

 

117,157

 

 

 

140,432

 

 

 

103,702

 

 

 

102,811

 

 

 

101,891

 

Income before income taxes

 

 

50,721

 

 

 

56,673

 

 

 

48,346

 

 

 

52,940

 

 

 

21,912

 

 

 

50,831

 

 

 

49,438

 

 

 

46,483

 

Income tax expense

 

 

3,223

 

 

 

5,325

 

 

 

4,345

 

 

 

4,957

 

 

 

40,405

 

 

 

11,459

 

 

 

10,584

 

 

 

10,491

 

Net income (loss)

 

$

47,498

 

 

$

51,348

 

 

$

44,001

 

 

$

47,983

 

 

$

(18,493

)

 

$

39,372

 

 

$

38,854

 

 

$

35,992

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.28

 

 

$

0.34

 

 

$

0.29

 

 

$

0.32

 

 

$

(0.13

)

 

$

0.30

 

 

$

0.28

 

 

$

0.27

 

Diluted

 

 

0.28

 

 

 

0.34

 

 

 

0.29

 

 

 

0.31

 

 

 

(0.13

)

 

 

0.29

 

 

 

0.28

 

 

 

0.27

 

Average shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

167,044

 

 

 

151,930

 

 

 

151,878

 

 

 

151,721

 

 

 

146,073

 

 

 

135,120

 

 

 

135,085

 

 

 

134,912

 

Diluted

 

 

167,992

 

 

 

152,784

 

 

 

152,568

 

 

 

152,370

 

 

 

146,875

 

 

 

135,796

 

 

 

135,697

 

 

 

135,431