XML 30 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Interest and fees on loans $ 685,911 $ 633,199 $ 552,821
Interest and dividends on investment securities:      
Taxable 58,143 52,050 62,458
Tax-exempt 15,537 14,568 14,683
Dividends 6,206 6,557 6,272
Interest on federal funds sold and other short-term investments 1,126 649 369
Total interest income 766,923 707,023 636,603
Interest Expense      
Savings, NOW and money market 39,787 24,824 19,671
Time 37,775 35,432 27,882
Interest on short-term borrowings 12,022 919 972
Interest on long-term borrowings and junior subordinated debentures 59,190 95,579 113,321
Total interest expense 148,774 156,754 161,846
Net Interest Income 618,149 550,269 474,757
Provision for credit losses 11,869 8,101 1,884
Net Interest Income After Provision for Credit Losses 606,280 542,168 472,873
Non-Interest Income      
Trust and investment services 10,345 10,020 9,512
Insurance commissions 19,106 17,233 16,853
Service charges on deposit accounts 20,879 21,176 22,771
Gains on securities transactions, net 777 2,487 745
Fees from loan servicing 6,441 6,641 7,013
Gains on sales of loans, net 22,030 4,245 1,731
Gains on sales of assets, net 1,358 2,776 18,087
Bank owned life insurance 6,694 6,815 6,392
Change in FDIC loss-share receivable (1,291) (3,326) (20,792)
Other 16,886 15,735 15,304
Total non-interest income 103,225 83,802 77,616
Non-Interest Expense      
Salary and employee benefits expense 235,853 221,765 193,489
Net occupancy and equipment expense 87,140 90,521 74,492
FDIC insurance assessment 20,100 16,867 14,051
Amortization of other intangible assets 11,327 9,169 9,919
Professional and legal fees 17,755 18,945 16,859
Loss on extinguishment of debt 315 51,129 10,132
Amortization of tax credit investments 34,744 27,312 24,196
Telecommunication expenses 10,021 8,259 6,993
Other 58,870 55,108 53,124
Total non-interest expense 476,125 499,075 403,255
Income before income taxes 233,380 126,895 147,234
Income tax expense 65,234 23,938 31,062
Net Income 168,146 102,957 116,172
Dividends on preferred stock 7,188 3,813 0
Net Income Available to Common Shareholders $ 160,958 $ 99,144 $ 116,172
Earnings Per Common Share:      
Basic (in usd per share) $ 0.63 $ 0.42 $ 0.56
Diluted (in usd per share) 0.63 0.42 0.56
Cash dividends declared per common share (in usd per share) $ 0.44 $ 0.44 $ 0.44
Weighted Average Number of Common Shares Outstanding:      
Basic (in shares) 254,841,571 234,405,909 205,716,293
Diluted (in shares) 255,268,336 234,437,000 205,716,293