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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Interest and fees on loans $ 69,498 $ 53,706 $ 184,233 $ 157,865
Interest and dividends on taxable investments 15,228 13,344 43,969 40,956
Interest on nontaxable investments 3,761 4,272 11,665 13,367
Total interest income 88,487 71,322 239,867 212,188
Interest expense:        
Interest on deposits 2,123 1,776 5,918 5,542
Interest on borrowings 902 337 1,443 835
Interest on subordinated debt held by unconsolidated subsidiary trusts 1,067 746 2,808 2,161
Total interest expense 4,092 2,859 10,169 8,538
Net interest income 84,395 68,463 229,698 203,650
Provision for loan losses 2,314 1,790 5,603 5,436
Net interest income after provision for loan losses 82,081 66,673 224,095 198,214
Noninterest revenues:        
Deposit service fees 18,419 14,894 49,781 43,636
Other banking services 1,704 2,863 4,270 6,039
Employee benefit services 20,767 11,267 58,618 34,949
Insurance revenues 6,344 5,702 19,709 17,340
Wealth management services 5,707 5,226 16,105 15,041
Gain on sales of investment securities 0 0 2 0
Total noninterest revenues 52,941 39,952 148,485 117,005
Noninterest expenses:        
Salaries and employee benefits 46,568 38,300 132,776 115,388
Occupancy and equipment 9,106 7,373 25,939 22,445
Data processing and communications 9,313 8,744 28,229 25,886
Amortization of intangible assets 4,949 1,359 11,980 4,204
Legal and professional fees 2,764 1,928 7,796 6,302
Office supplies and postage 2,027 1,713 5,510 5,336
Business development and marketing 2,586 2,004 7,119 6,167
FDIC insurance premiums 827 707 2,505 2,899
Acquisition expenses 580 2 25,192 342
Other expenses 5,056 4,096 13,184 11,282
Total noninterest expenses 83,776 66,226 260,230 200,251
Income before income taxes 51,246 40,399 112,350 114,968
Income taxes 16,003 13,239 33,659 37,548
Net income $ 35,243 $ 27,160 $ 78,691 $ 77,420
Basic earnings per share (in dollars per share) $ 0.69 $ 0.61 $ 1.62 $ 1.75
Diluted earnings per share (in dollars per share) 0.68 0.61 1.60 1.74
Cash dividends declared per share (in dollars per share) $ 0.34 $ 0.32 $ 0.98 $ 0.94