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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Loans and leases $ 246,260 $ 219,314 $ 708,622 $ 651,160
Investment securities:        
Total investment securities interest and dividend income 29,706 23,395 89,863 71,139
Overnight investments 8,367 3,785 19,247 10,676
Total interest income 284,333 246,494 817,732 732,975
Interest expense        
Deposits 3,839 4,457 12,407 13,717
Short-term borrowings 1,429 540 3,185 1,428
Long-term obligations 5,890 5,648 17,013 17,072
Total interest expense 11,158 10,645 32,605 32,217
Net interest income 273,175 235,849 785,127 700,758
Provision (credit) for loan and lease losses 7,946 7,507 28,501 16,912
Net interest income after provision for loan and lease losses 265,229 228,342 756,626 683,846
Noninterest income        
Gain on acquisitions 0 837 134,745 5,831
Cardholder services 24,461 21,537 70,006 61,949
Merchant services 25,879 25,179 77,456 71,392
Service charges on deposit accounts 25,951 23,154 73,955 66,888
Wealth management services 21,234 19,915 64,116 60,840
Securities gains (losses) 1,337 352 4,664 17,509
Other service charges and fees 7,073 7,567 21,302 21,693
Mortgage income 6,775 6,692 19,317 12,540
Insurance commissions 2,894 2,755 9,015 8,198
ATM income 2,596 1,908 6,882 5,518
Adjustments for FDIC shared-loss receivable (1,770) (2,773) (4,671) (7,673)
Net Impact from FDIC shared-loss termination 0 0 (45) 16,559
Other 8,957 10,718 24,137 22,129
Total noninterest income 125,387 117,841 500,879 363,373
Noninterest expense        
Salaries and wages 121,086 107,762 351,518 315,720
Employee benefits 27,030 26,750 83,418 79,761
Occupancy expense 26,594 24,857 77,415 74,824
Equipment expense 23,887 23,736 73,129 68,796
Merchant processing 19,653 18,686 57,624 52,924
Cardholder processing 8,576 7,416 23,092 22,075
FDIC insurance expense 5,449 5,796 16,747 15,173
Foreclosure-related expenses 3,443 4,039 9,582 9,732
Merger-related expenses 562 3,764 8,248 5,187
Other 50,687 44,427 136,145 133,015
Total noninterest expense 286,967 267,233 836,918 777,207
Income before income taxes 103,649 78,950 420,587 270,012
Income taxes 36,585 27,546 151,242 97,220
Net income $ 67,064 $ 51,404 $ 269,345 $ 172,792
Average shares outstanding (in shares) 12,010,405 12,010,405 12,010,405 12,010,405
Net income per share $ 5.58 $ 4.28 $ 22.43 $ 14.39