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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Loans and leases $ 224,631 $ 164,259 $ 658,175 $ 489,401
Investment securities:        
Total investment securities interest and dividend income 24,020 12,707 65,136 36,902
Overnight investments 1,174 655 4,037 2,023
Total interest income 249,825 177,621 727,348 528,326
Interest expense        
Deposits 5,216 5,703 16,379 18,534
Short-term borrowings 590 2,694 4,182 4,830
Long-term obligations 4,648 3,002 12,601 12,111
Total interest expense 10,454 11,399 33,162 35,475
Net interest income 239,371 166,222 694,186 492,851
Provision (credit) for loan and lease losses 107 1,537 13,618 (7,665)
Net interest income after provision for loan and lease losses 239,264 164,685 680,568 500,516
Noninterest income        
Gain on acquisition 0 0 42,930 0
Cardholder services 19,588 13,248 57,203 38,337
Merchant services 22,005 15,556 62,955 44,112
Service charges on deposit accounts 23,153 15,489 67,572 45,194
Wealth management services 22,223 15,657 64,658 46,352
Fees from processing services 45 7,303 140 17,846
Securities gains (losses) 5,564 0 10,837 0
Other service charges and fees 6,163 4,001 17,303 12,195
Mortgage income 4,852 1,164 14,972 3,329
Insurance commissions 2,945 2,422 8,698 7,962
ATM income 1,800 1,199 5,289 3,661
Adjustments for FDIC receivable for loss share agreements (4,130) (4,386) (9,730) (32,030)
Other 5,542 6,946 25,126 20,544
Total noninterest income 109,750 78,599 367,953 207,502
Noninterest expense        
Salaries and wages 108,992 81,825 324,358 243,017
Employee benefits 27,121 19,797 86,341 59,638
Occupancy expense 22,260 20,265 73,412 60,975
Equipment expense 22,447 18,767 69,284 57,121
FDIC insurance expense 4,933 2,915 13,755 8,191
Foreclosure-related expenses 1,087 4,838 4,663 13,787
Merger-related expenses 3,679 1,505 11,249 7,352
Other 69,653 51,898 199,967 141,779
Total noninterest expense 260,172 201,810 783,029 591,860
Income before income taxes 88,842 41,474 265,492 116,158
Income taxes 32,884 14,973 97,854 40,492
Net income $ 55,958 $ 26,501 $ 167,638 $ 75,666
Average shares outstanding (in shares) 12,010,405 9,618,941 12,010,405 9,618,941
Net income per share $ 4.66 $ 2.76 $ 13.96 $ 7.87