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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest Income        
Interest and fees on loans $ 247,690 $ 181,720 $ 485,276 $ 356,073
Interest and dividends on investment securities:        
Taxable 22,222 18,928 43,545 36,517
Tax-exempt 5,639 3,943 11,360 7,974
Dividends 3,728 2,137 5,667 4,288
Interest on federal funds sold and other short-term investments 839 279 1,765 610
Total interest income 280,118 207,007 547,613 405,462
Interest on deposits:        
Savings, NOW and money market 24,756 12,714 47,073 22,897
Time 16,635 10,166 31,251 19,719
Interest on short-term borrowings 10,913 5,516 16,645 9,417
Interest on long-term borrowings and junior subordinated debentures 17,062 13,791 34,294 26,741
Total interest expense 69,366 42,187 129,263 78,774
Net Interest Income 210,752 164,820 418,350 326,688
Provision for credit losses 7,142 3,632 18,090 6,102
Net Interest Income After Provision for Credit Losses 203,610 161,188 400,260 320,586
Non-Interest Income        
Trust and investment services 3,262 2,800 6,492 5,544
Insurance commissions 4,026 4,358 7,847 9,419
Service charges on deposit accounts 6,679 5,342 13,932 10,578
(Losses) gains on securities transactions, net (36) 22 (801) (1)
Fees from loan servicing 2,045 1,831 4,268 3,646
Gains on sales of loans, net 7,642 4,791 14,395 8,919
Bank owned life insurance 2,652 1,701 4,415 4,164
Other 11,799 7,985 19,772 12,281
Total non-interest income 38,069 28,830 70,320 54,550
Non-Interest Expense        
Salary and employee benefits expense 78,944 63,564 172,236 129,491
Net occupancy and equipment expense 26,901 22,609 54,825 45,644
FDIC insurance assessment 8,044 4,928 13,542 10,055
Amortization of other intangible assets 4,617 2,562 8,910 5,098
Professional and legal fees 5,337 4,302 22,384 8,997
Amortization of tax credit investments 4,470 7,732 9,744 13,056
Telecommunication expense 3,015 2,707 6,609 5,366
Other 18,588 10,835 35,418 22,484
Total non-interest expense 149,916 119,239 323,668 240,191
Income Before Income Taxes 91,763 70,779 146,912 134,945
Income tax expense 18,961 20,714 32,145 38,785
Net Income 72,802 50,065 114,767 96,160
Dividends on preferred stock 3,172 1,797 6,344 3,594
Net Income Available to Common Shareholders $ 69,630 $ 48,268 $ 108,423 $ 92,566
Earnings Per Common Share:        
Basic (usd per share) $ 0.21 $ 0.18 $ 0.33 $ 0.35
Diluted (usd per share) 0.21 0.18 0.33 0.35
Cash Dividends Declared per Common Share (usd per share) $ 0.11 $ 0.11 $ 0.22 $ 0.22
Weighted Average Number of Common Shares Outstanding:        
Basic (in shares) 331,318,381 263,958,292 331,024,531 263,878,103
Diluted (in shares) 332,895,483 264,778,242 332,599,991 264,662,863