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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Loans and leases $ 215,442 $ 222,682 $ 431,846 $ 433,544
Investment securities:        
Total investment securities interest and dividend income 24,702 21,806 47,744 41,116
Overnight investments 3,225 1,525 6,891 2,863
Total interest income 243,369 246,013 486,481 477,523
Interest expense        
Deposits 4,601 5,534 9,260 11,163
Short-term borrowings 454 1,658 888 3,592
Long-term obligations 6,125 4,171 11,424 7,953
Total interest expense 11,180 11,363 21,572 22,708
Net interest income 232,189 234,650 464,909 454,815
Provision (credit) for loan and lease losses 4,562 7,719 9,405 13,511
Net interest income after provision for loan and lease losses 227,627 226,931 455,504 441,304
Noninterest income        
Gain on acquisition 3,290 0 4,994 42,930
Cardholder services 21,054 19,214 40,412 37,615
Merchant services 24,236 22,070 46,213 40,950
Service charges on deposit accounts 21,884 22,361 43,734 44,419
Wealth management services 21,291 21,555 40,925 42,435
Securities gains (losses) 12,529 147 17,157 5,273
Other service charges and fees 7,137 5,730 14,126 11,235
Mortgage income 4,537 5,571 5,848 10,120
Insurance commissions 2,265 2,456 5,443 5,753
ATM income 1,845 1,825 3,610 3,489
Adjustments for FDIC receivable for loss share agreements (2,367) (4,553) (4,900) (5,600)
Net Impact from FDIC Loss Share Termination 16,559 0 16,559 0
Other 5,990 11,074 11,411 19,584
Total noninterest income 140,250 107,450 245,532 258,203
Noninterest expense        
Salaries and wages 104,059 109,895 207,958 215,366
Employee benefits 25,661 28,002 53,011 59,220
Occupancy expense 24,955 25,532 49,967 51,152
Equipment expense 22,715 23,296 45,060 46,837
FDIC insurance expense 4,588 4,551 9,377 8,822
Foreclosure-related expenses (1,116) 1,019 615 3,576
Merger-related expenses 1,385 4,573 1,423 7,570
Other 76,056 67,823 142,563 130,314
Total noninterest expense 258,303 264,691 509,974 522,857
Income before income taxes 109,574 69,690 191,062 176,650
Income taxes 40,258 25,168 69,674 64,970
Net income $ 69,316 $ 44,522 $ 121,388 $ 111,680
Average shares outstanding (in shares) 12,010,405 12,010,405 12,010,405 12,010,405
Net income per share $ 5.77 $ 3.71 $ 10.11 $ 9.30