XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Loans and leases $ 272,215 $ 246,260 $ 785,283 $ 708,622
Investment securities and dividend income 38,770 29,706 110,969 89,863
Overnight investments 4,721 8,367 15,932 19,247
Total interest income 315,706 284,333 912,184 817,732
Interest expense        
Deposits 5,147 3,839 13,424 12,407
Short-term borrowings 685 1,429 2,940 3,185
Long-term obligations 2,512 5,890 7,802 17,013
Total interest expense 8,344 11,158 24,166 32,605
Net interest income 307,362 273,175 888,018 785,127
Provision (credit) for loan and lease losses 840 7,946 16,883 28,501
Net interest income after provision for loan and lease losses 306,522 265,229 871,135 756,626
Noninterest income        
Gain on acquisitions 0 0 0 134,745
Revenue from contract with customers 87,436 87,538 266,657 254,520
Securities gains (losses), net 0 1,337 0 4,664
Marketable equity securities gain (loss), net 3,854 0 9,265 0
Gain (Loss) on Extinguishment of Debt 703 0 26,517 0
Other 2,538 7,187 15,703 19,421
Total noninterest income 94,531 96,062 318,142 413,350
Noninterest expense        
Salaries and wages 133,867 124,888 392,911 363,076
Employee benefits 28,850 25,416 90,656 77,976
Occupancy expense 26,632 26,594 80,686 77,415
Equipment expense 25,880 23,887 76,021 73,129
FDIC insurance expense 5,186 5,449 16,411 16,747
Collection and foreclosure-related expenses 4,269 3,443 12,389 9,582
Merger-related expenses 1,126 562 4,136 8,248
Other 41,727 47,403 128,383 123,216
Total noninterest expense 267,537 257,642 801,593 749,389
Income before income taxes 133,516 103,649 387,684 420,587
Income taxes 16,198 36,585 76,844 151,242
Net income $ 117,318 $ 67,064 $ 310,840 $ 269,345
Average shares outstanding (in shares) 11,971,460 12,010,405 11,997,281 12,010,405
Net income per share $ 9.80 $ 5.58 $ 25.91 $ 22.43
Cardholder services, net        
Noninterest income        
Revenue from contract with customers $ 14,678 $ 15,487 $ 44,385 $ 42,848
Merchant services, net        
Noninterest income        
Revenue from contract with customers 5,857 5,528 18,512 17,085
Service charges on deposit accounts        
Noninterest income        
Revenue from contract with customers 25,994 25,951 78,489 73,955
Wealth management services        
Noninterest income        
Revenue from contract with customers 24,459 21,234 73,543 64,116
Other service charges and fees        
Noninterest income        
Revenue from contract with customers 7,651 7,073 22,887 21,302
Mortgage income        
Noninterest income        
Revenue from contract with customers 4,123 6,775 13,063 19,317
Insurance commissions        
Noninterest income        
Revenue from contract with customers 2,755 2,894 9,471 9,015
ATM income        
Noninterest income        
Revenue from contract with customers $ 1,919 $ 2,596 $ 6,307 $ 6,882