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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Loans and leases $ 315,012,000 $ 272,215,000 $ 909,167,000 $ 785,283,000
Investment securities and dividend income 40,155,000 38,770,000 119,976,000 110,969,000
Overnight investments 7,151,000 4,721,000 20,820,000 15,932,000
Total interest income 362,318,000 315,706,000 1,049,963,000 912,184,000
Interest expense        
Deposits 21,737,000 5,147,000 53,821,000 13,424,000
Short-term borrowings 542,000 398,000 1,516,000 1,175,000
Federal Home Loan Bank borrowings 1,316,000 1,099,000 4,187,000 4,335,000
Subordinated debentures 1,774,000 1,561,000 5,398,000 4,655,000
Long-term obligations 524,000 139,000 796,000 577,000
Total interest expense 25,893,000 8,344,000 65,718,000 24,166,000
Net interest income 336,425,000 307,362,000 984,245,000 888,018,000
Provision (credit) for loan and lease losses 6,766,000 840,000 23,714,000 16,883,000
Net interest income after provision for loan and lease losses 329,659,000 306,522,000 960,531,000 871,135,000
Noninterest income        
Debt and Equity Securities, Gain (Loss) 1,136,000 0 6,855,000 0
Marketable equity securities (losses) gains, net (967,000) 3,854,000 13,505,000 9,265,000
Gain on extinguishment of debt 0 703,000 0 26,517,000
Other 6,176,000 2,538,000 15,129,000 15,703,000
Total noninterest income 100,930,000 94,531,000 311,468,000 318,142,000
Noninterest expense        
Salaries and wages 137,841,000 133,867,000 406,788,000 392,911,000
Employee benefits 28,358,000 28,850,000 91,090,000 90,656,000
Occupancy expense 28,163,000 26,632,000 82,810,000 80,686,000
Equipment expense 28,770,000 25,880,000 83,999,000 76,021,000
Processing fees paid to third parties 7,250,000 7,297,000 20,980,000 23,383,000
FDIC insurance expense 2,440,000 5,186,000 7,857,000 16,411,000
Collection and foreclosure-related expenses 3,044,000 4,269,000 9,725,000 12,389,000
Merger-related expenses 3,892,000 1,126,000 9,695,000 4,136,000
Other 30,667,000 34,430,000 98,535,000 105,000,000
Total noninterest expense 270,425,000 267,537,000 811,479,000 801,593,000
Income before income taxes 160,164,000 133,516,000 460,520,000 387,684,000
Income taxes 35,385,000 16,198,000 105,023,000 76,844,000
Net income $ 124,779,000 $ 117,318,000 $ 355,497,000 $ 310,840,000
Average shares outstanding (in shares) 11,060,462 11,971,460 11,286,984 11,997,281
Net income per share $ 11.27 $ 9.80 $ 31.50 $ 25.91
Cardholder services, net        
Noninterest income        
Revenue from contract with customers $ 15,957,000 $ 14,678,000 $ 51,069,000 $ 44,385,000
Merchant services, net        
Noninterest income        
Revenue from contract with customers 6,034,000 5,857,000 18,324,000 18,512,000
Service charges on deposit accounts        
Noninterest income        
Revenue from contract with customers 27,112,000 25,994,000 77,967,000 78,489,000
Wealth management services        
Noninterest income        
Revenue from contract with customers 25,212,000 24,459,000 74,786,000 73,543,000
Other service charges and fees        
Noninterest income        
Revenue from contract with customers 8,237,000 7,651,000 23,823,000 22,887,000
Mortgage income        
Noninterest income        
Revenue from contract with customers 7,438,000 4,123,000 16,134,000 13,063,000
Insurance commissions        
Noninterest income        
Revenue from contract with customers 2,960,000 2,755,000 9,105,000 9,471,000
ATM income        
Noninterest income        
Revenue from contract with customers $ 1,635,000 $ 1,919,000 $ 4,771,000 $ 6,307,000