XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans, including fees $ 135,388 $ 129,852 $ 267,222 $ 256,893
Investment securities:        
Taxable 9,551 9,048 18,148 17,836
Tax-exempt 1,617 1,614 3,113 3,173
Federal funds sold and securities purchased under agreements to resell 3,426 1,218 4,889 1,878
Total interest income 149,982 141,732 293,372 279,780
Interest expense:        
Deposits 17,393 10,009 34,038 16,922
Federal funds purchased and securities sold under agreements to repurchase 673 642 1,426 1,096
Other borrowings 4,737 1,519 7,462 3,227
Total interest expense 22,803 12,170 42,926 21,245
Net interest income 127,179 129,562 250,446 258,535
Provision for loan losses 3,704 4,478 5,192 6,932
Net interest income after provision for loan losses 123,475 125,084 245,254 251,603
Noninterest income:        
Securities gains (losses), net 1,709 (641) 2,250 (641)
Recoveries on acquired loans 1,347 2,167 3,214 5,142
Other 2,794 2,503 4,982 5,078
Total noninterest income 37,618 37,525 69,676 78,080
Noninterest expense:        
Salaries and employee benefits 58,547 55,026 116,978 117,491
Net occupancy expense 7,616 7,815 14,815 15,981
Information services expense 8,671 8,903 17,680 18,641
Furniture and equipment expense 4,233 4,519 8,646 9,145
OREO expense and loan related 881 1,037 1,632 2,698
Pension plan termination expense 9,526   9,526  
Amortization of intangibles 3,268 3,722 6,549 7,135
Supplies, printing and postage expense 1,495 1,406 2,999 2,798
Professional fees 2,781 1,898 5,021 3,597
FDIC assessment and other regulatory charges 1,455 3,277 2,990 4,540
Advertising and marketing 959 1,163 1,766 1,899
Merger and branch consolidation related expense 2,078 14,096 3,058 25,392
Other 7,897 7,644 15,986 14,652
Total noninterest expense 109,407 110,506 207,646 223,969
Earnings:        
Income before provision for income taxes 51,686 52,103 107,284 105,714
Provision for income taxes 10,226 11,644 21,457 22,929
Net income $ 41,460 $ 40,459 $ 85,827 $ 82,785
Earnings per common share:        
Basic (in dollars per share) $ 1.18 $ 1.10 $ 2.43 $ 2.25
Diluted (in dollars per share) $ 1.17 $ 1.09 $ 2.42 $ 2.24
Weighted average common shares outstanding:        
Basic (in shares) 35,089 36,677 35,268 36,657
Diluted (in shares) 35,300 36,929 35,461 36,910
Fees on deposit accounts        
Noninterest income:        
Noninterest income $ 18,741 $ 22,612 $ 36,549 $ 45,155
Mortgage banking income        
Noninterest income:        
Noninterest income 5,307 3,317 7,692 8,265
Trust and investment services income        
Noninterest income:        
Noninterest income $ 7,720 $ 7,567 $ 14,989 $ 15,081