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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income        
Loans and leases $ 219,314 $ 224,631 $ 651,160 $ 658,175
Investment securities:        
Total investment securities interest and dividend income 23,395 24,020 71,139 65,136
Overnight investments 3,785 1,174 10,676 4,037
Total interest income 246,494 249,825 732,975 727,348
Interest expense        
Deposits 4,457 5,216 13,717 16,379
Short-term borrowings 540 590 1,428 4,182
Long-term obligations 5,648 4,648 17,072 12,601
Total interest expense 10,645 10,454 32,217 33,162
Net interest income 235,849 239,371 700,758 694,186
Provision (credit) for loan and lease losses 7,507 107 16,912 13,618
Net interest income after provision for loan and lease losses 228,342 239,264 683,846 680,568
Noninterest income        
Gain on acquisition 837 0 5,831 42,930
Cardholder services 21,537 19,588 61,949 57,203
Merchant services 25,179 22,005 71,392 62,955
Service charges on deposit accounts 23,154 23,153 66,888 67,572
Wealth management services 19,915 22,223 60,840 64,658
Securities gains (losses) 352 5,564 17,509 10,837
Other service charges and fees 7,567 6,208 21,693 17,443
Mortgage income 6,692 4,852 12,540 14,972
Insurance commissions 2,755 2,945 8,198 8,698
ATM income 1,908 1,800 5,518 5,289
Adjustments for FDIC receivable for loss share agreements (2,773) (4,130) (7,673) (9,730)
Net Impact from FDIC Loss Share Termination 0 0 16,559 0
Other 10,718 5,542 22,129 25,126
Total noninterest income 117,841 109,750 363,373 367,953
Noninterest expense        
Salaries and wages 107,762 108,992 315,720 324,358
Employee benefits 26,750 27,121 79,761 86,341
Occupancy expense 24,857 22,260 74,824 73,412
Equipment expense 23,736 22,447 68,796 69,284
FDIC insurance expense 5,796 4,933 15,173 13,755
Foreclosure-related expenses 2,016 1,087 2,631 4,663
Merger-related expenses 3,764 3,679 5,187 11,249
Other 72,552 69,653 215,115 199,967
Total noninterest expense 267,233 260,172 777,207 783,029
Income before income taxes 78,950 88,842 270,012 265,492
Income taxes 27,546 32,884 97,220 97,854
Net income $ 51,404 $ 55,958 $ 172,792 $ 167,638
Average shares outstanding (in shares) 12,010,405 12,010,405 12,010,405 12,010,405
Net income per share $ 4.28 $ 4.66 $ 14.39 $ 13.96