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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 $ 71,152 $ 62,351 $ 140,593 $ 114,735
Interest and dividends on taxable investments 16,517 15,175 32,041 28,741
Interest on nontaxable investments 3,336 3,896 6,775 7,904
Total interest income 91,005 81,422 179,409 151,380
Interest expense:        
Interest on deposits 2,381 2,065 4,513 3,795
Interest on borrowings 446 392 926 541
Interest on subordinated debt held by unconsolidated subsidiary trusts 1,332 936 2,500 1,741
Total interest expense 4,159 3,393 7,939 6,077
Net interest income 86,846 78,029 171,470 145,303
Provision for loan losses 2,448 1,461 6,127 3,289
Net interest income after provision for loan losses 84,398 76,568 165,343 142,014
Noninterest revenues:        
Deposit service fees 18,964 16,655 38,141 31,362
Other banking services 1,163 1,407 2,406 2,566
Employee benefit services 22,542 20,662 45,548 37,851
Insurance services 7,415 6,965 14,774 13,365
Wealth management services 6,496 5,537 13,202 10,398
Unrealized loss on equity securities (21) 0 (21) 0
Gain on sales of investment securities 0 0 0 2
Total noninterest revenues 56,559 51,226 114,050 95,544
Noninterest expenses:        
Salaries and employee benefits 52,402 46,564 104,261 89,471
Occupancy and equipment 9,437 8,637 19,968 16,833
Data processing and communications 10,212 10,395 18,954 18,916
Amortization of intangible assets 4,555 4,263 9,353 7,031
Legal and professional fees 2,745 2,619 5,525 5,033
Business development and marketing 2,654 2,451 4,714 4,532
Acquisition expenses 71 22,896 63 24,612
Other expenses 4,036 5,054 9,605 10,026
Total noninterest expenses 86,112 102,879 172,443 176,454
Income before income taxes 54,845 24,915 106,950 61,104
Income taxes 10,239 7,724 22,238 17,656
Net income $ 44,606 $ 17,191 $ 84,712 $ 43,448
Basic earnings per share (in dollars per share) $ 0.87 $ 0.35 $ 1.65 $ 0.92
Diluted earnings per share (in dollars per share) 0.86 0.35 1.63 0.91
Cash dividends declared per share (in dollars per share) $ 0.34 $ 0.32 $ 0.68 $ 0.64