XML 90 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loans, including fees $ 134,953 $ 132,043 $ 402,175 $ 388,936
Investment securities:        
Taxable 10,785 8,890 28,933 26,726
Tax-exempt 1,587 1,521 4,700 4,695
Federal funds sold and securities purchased under agreements to resell 2,676 1,106 7,565 2,983
Total interest income 150,001 143,560 443,373 423,340
Interest expense:        
Deposits 16,655 13,220 50,693 30,142
Federal funds purchased and securities sold under agreements to repurchase 612 599 2,037 1,696
Other borrowings 5,361 1,452 12,824 4,678
Total interest expense 22,628 15,271 65,554 36,516
Net interest income 127,373 128,289 377,819 386,824
Provision for loan losses 4,028 3,117 9,220 10,049
Net interest income after provision for loan losses 123,345 125,172 368,599 376,775
Noninterest income:        
Securities gains (losses), net 437 (11) 2,687 (652)
Recoveries on acquired loans 1,401 1,238 4,615 6,379
Other 2,584 2,659 7,566 7,738
Total noninterest income 37,582 32,027 107,258 110,107
Noninterest expense:        
Salaries and employee benefits 59,551 57,934 176,529 175,425
Occupancy expense 11,883 12,235 35,344 37,361
Information services expense 8,878 7,804 26,558 26,445
OREO expense and loan related 597 (19) 2,229 2,679
Pension plan termination expense     9,526  
Amortization of intangibles 3,268 3,537 9,817 10,672
Supplies, printing and postage expense 1,418 1,561 4,417 4,359
Professional fees 2,442 2,138 7,463 5,735
FDIC assessment and other regulatory charges 228 2,525 3,218 7,065
Advertising and marketing 1,052 1,049 2,818 2,948
Merger and branch consolidation related expense   4,476 3,058 29,868
Other 7,047 7,054 23,033 21,706
Total noninterest expense 96,364 100,294 304,010 324,263
Earnings:        
Income before provision for income taxes 64,563 56,905 171,847 162,619
Provision for income taxes 12,998 9,823 34,455 32,752
Net income $ 51,565 $ 47,082 $ 137,392 $ 129,867
Earnings per common share:        
Basic (in dollars per share) $ 1.51 $ 1.28 $ 3.94 $ 3.53
Diluted (in dollars per share) $ 1.50 $ 1.28 $ 3.92 $ 3.52
Weighted average common shares outstanding:        
Basic (in shares) 34,057 36,645 34,859 36,657
Diluted (in shares) 34,300 36,893 35,069 36,909
Fees on deposit accounts        
Noninterest income:        
Noninterest income $ 19,725 $ 17,790 $ 56,274 $ 62,945
Mortgage banking income        
Noninterest income:        
Noninterest income 6,115 2,824 13,807 11,089
Trust and investment services income        
Noninterest income:        
Noninterest income $ 7,320 $ 7,527 $ 22,309 $ 22,608