XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Loans and leases $ 235,732 $ 215,442 $ 462,362 $ 431,846
Investment securities:        
Total investment securities interest and dividend income 30,406 24,702 60,157 47,744
Overnight investments 6,404 3,225 10,880 6,891
Total interest income 272,542 243,369 533,399 486,481
Interest expense        
Deposits 4,132 4,601 8,568 9,260
Short-term borrowings 1,176 454 1,756 888
Long-term obligations 5,625 6,125 11,123 11,424
Total interest expense 10,933 11,180 21,447 21,572
Net interest income 261,609 232,189 511,952 464,909
Provision (credit) for loan and lease losses 12,324 4,562 20,555 9,405
Net interest income after provision for loan and lease losses 249,285 227,627 491,397 455,504
Noninterest income        
Gain on acquisitions 122,728 3,290 134,745 4,994
Cardholder services 24,287 21,054 45,545 40,412
Merchant services 26,590 24,236 51,577 46,213
Service charges on deposit accounts 25,862 21,884 48,004 43,734
Wealth management services 21,920 21,291 42,882 40,925
Securities gains (losses) 3,351 12,529 3,327 17,157
Other service charges and fees 6,628 7,137 14,229 14,126
Mortgage income 4,966 4,537 12,542 5,848
Insurance commissions 2,563 2,265 6,121 5,443
ATM income 2,513 1,845 4,286 3,610
Adjustments for FDIC shared-loss receivable (1,273) (2,367) (2,901) (4,900)
Net Impact from FDIC shared-loss termination 0 16,559 (45) 16,559
Other 8,065 5,990 15,180 11,411
Total noninterest income 248,200 140,250 375,492 245,532
Noninterest expense        
Salaries and wages 118,169 104,059 230,432 207,958
Employee benefits 27,095 25,661 56,388 53,011
Occupancy expense 26,059 24,955 50,821 49,967
Equipment expense 24,654 22,715 49,242 45,060
Merchant processing 19,677 17,925 37,971 34,238
Cardholder processing 7,709 7,372 14,516 14,659
FDIC insurance expense 5,705 4,588 11,298 9,377
Foreclosure-related expenses 580 (1,116) 3,051 615
Merger-related expenses 6,853 1,385 7,686 1,423
Other 49,105 50,759 88,546 93,666
Total noninterest expense 285,606 258,303 549,951 509,974
Income before income taxes 211,879 109,574 316,938 191,062
Income taxes 77,219 40,258 114,657 69,674
Net income $ 134,660 $ 69,316 $ 202,281 $ 121,388
Average shares outstanding (in shares) 12,010,405 12,010,405 12,010,405 12,010,405
Net income per share $ 11.21 $ 5.77 $ 16.84 $ 10.11