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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income    
Loans and leases $ 226,630 $ 216,404
Investment securities:    
Total investment securities interest and dividend income 29,751 23,042
Overnight investments 4,476 3,666
Total interest income 260,857 243,112
Interest expense    
Deposits 4,436 4,659
Short-term borrowings 580 434
Long-term obligations 5,498 5,299
Total interest expense 10,514 10,392
Net interest income 250,343 232,720
Provision (credit) for loan and lease losses 8,231 4,843
Net interest income after provision for loan and lease losses 242,112 227,877
Noninterest income    
Gain on acquisitions 12,017 1,704
Cardholder services 21,258 19,358
Merchant services 24,987 21,977
Service charges on deposit accounts 22,142 21,850
Wealth management services 20,962 19,634
Securities gains (losses) (24) 4,628
Other service charges and fees 7,601 6,989
Mortgage income 7,576 1,311
Insurance commissions 3,558 3,178
ATM income 1,773 1,765
Adjustments for FDIC shared-loss receivable (1,628) (2,533)
Net Impact from FDIC shared-loss termination (45) 0
Other 7,115 5,421
Total noninterest income 127,292 105,282
Noninterest expense    
Salaries and wages 112,263 103,899
Employee benefits 29,293 27,350
Occupancy expense 24,762 25,012
Equipment expense 24,588 22,345
Merchant processing 16,783 15,087
Cardholder processing 5,553 6,084
FDIC insurance expense 5,593 4,789
Foreclosure-related expenses 2,471 1,731
Merger-related expenses 833 38
Other 42,206 45,336
Total noninterest expense 264,345 251,671
Income before income taxes 105,059 81,488
Income taxes 37,438 29,416
Net income $ 67,621 $ 52,072
Average shares outstanding (in shares) 12,010,405 12,010,405
Net income per share $ 5.63 $ 4.34