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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income        
Loans and leases $ 222,682 $ 164,108 $ 433,544 $ 325,142
Investment securities:        
Total investment securities interest and dividend income 21,806 12,447 41,116 24,195
Overnight investments 1,525 756 2,863 1,368
Total interest income 246,013 177,311 477,523 350,705
Interest expense        
Deposits 5,534 6,006 11,163 12,831
Short-term borrowings 1,658 1,551 3,592 2,136
Long-term obligations 4,171 4,056 7,953 9,109
Total interest expense 11,363 11,613 22,708 24,076
Net interest income 234,650 165,698 454,815 326,629
Provision (credit) for loan and lease losses 7,719 (7,299) 13,511 (9,202)
Net interest income after provision for loan and lease losses 226,931 172,997 441,304 335,831
Noninterest income        
Gain on acquisition 0 0 42,930 0
Cardholder services 19,214 13,257 37,615 25,089
Merchant services 22,070 15,035 40,950 28,556
Service charges on deposit accounts 22,361 15,265 44,419 29,705
Wealth management services 21,555 15,815 42,435 30,695
Fees and Commissions, Correspondent Clearing 45 5,682 95 10,543
Securities gains (losses) 147 0 5,273 0
Other service charges and fees 5,685 4,250 11,140 8,194
Mortgage income 5,571 1,210 10,120 2,165
Insurance commissions 2,456 2,253 5,753 5,540
ATM income 1,825 1,260 3,489 2,462
Adjustments for FDIC receivable for loss share agreements (4,553) (15,295) (5,600) (27,644)
Other 11,074 7,857 19,584 13,598
Total noninterest income 107,450 66,589 258,203 128,903
Noninterest expense        
Salaries and wages 110,685 81,839 217,228 161,192
Employee benefits 27,212 19,741 57,358 39,841
Occupancy expense 25,532 20,300 51,152 40,710
Equipment expense 23,296 19,581 46,837 38,354
FDIC insurance expense 4,551 2,640 8,822 5,276
Foreclosure-related expenses 1,019 3,858 3,576 9,268
Merger-related expenses 4,573 3,450 7,570 5,903
Other 67,823 47,611 130,314 89,506
Total noninterest expense 264,691 199,020 522,857 390,050
Income before income taxes 69,690 40,566 176,650 74,684
Income taxes 25,168 13,880 64,970 25,519
Net income $ 44,522 $ 26,686 $ 111,680 $ 49,165
Average shares outstanding (in shares) 12,010,405 9,618,941 12,010,405 9,618,941
Net income per share $ 3.71 $ 2.77 $ 9.30 $ 5.11