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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income      
Loans and leases $ 1,217,306 $ 1,073,051 $ 955,637
Investment securities interest and dividend income 160,460 150,709 121,207
Overnight investments 26,245 21,997 26,846
Total interest income 1,404,011 1,245,757 1,103,690
Interest expense      
Deposits 76,254 22,483 16,196
Securities sold under customer repurchase agreements 1,995 1,594 1,767
Federal Home Loan Bank borrowings 5,472 5,801 19,915
Subordinated debentures 7,099 6,277 5,213
Other borrowings 1,822 702 703
Total interest expense 92,642 36,857 43,794
Net interest income 1,311,369 1,208,900 1,059,896
Provision for loan and lease losses 31,441 28,468 25,692
Net interest income after provision for loan and lease losses 1,279,928 1,180,432 1,034,204
Noninterest income      
Realized gains on investment securities available for sale, net 21,126 16,433 23,251
Gain on acquisitions 20,625 (7,610) 0
Realized gains on investment securities available for sale, net 7,115 351 4,293
Gain on extinguishment of debt 0 26,553 12,483
Gain on acquisitions 0 0 134,745
Other 18,431 19,700 29,081
Total noninterest income 415,861 400,149 521,963
Noninterest expense      
Salaries and wages 551,112 527,691 490,610
Employee benefits 120,501 118,203 105,975
Occupancy expense 111,179 109,169 104,690
Equipment expense 112,290 102,909 97,478
Processing fees paid to third parties 29,552 30,017 25,673
FDIC insurance expense 10,664 18,890 22,191
Collection and foreclosure-related expenses 11,994 16,567 14,407
Merger-related expenses 17,166 6,462 9,015
Other 139,283 147,063 142,430
Total noninterest expense 1,103,741 1,076,971 1,012,469
Income before income taxes 592,048 503,610 543,698
Income taxes 134,677 103,297 219,946
Net income $ 457,371 $ 400,313 $ 323,752
Average shares outstanding (in shares) 11,141,069 11,938,439 12,010,405
Net income per share $ 41.05 $ 33.53 $ 29.96
Cash dividends (in dollars per share) $ 1.60 $ 1.45 $ 1.25
Service charges on deposit accounts      
Noninterest income      
Revenue from contracts with customers $ 105,191 $ 105,486 $ 101,201
Wealth management services      
Noninterest income      
Revenue from contracts with customers 99,241 97,966 86,719
Cardholder services, net      
Noninterest income      
Revenue from contracts with customers 69,078 65,478 57,583
Other service charges and fees      
Noninterest income      
Revenue from contracts with customers 31,644 30,606 28,321
Mortgage income      
Noninterest income      
Revenue from contracts with customers 24,304 24,504 22,678
Insurance commissions      
Noninterest income      
Revenue from contracts with customers 12,810 12,702 12,465
ATM income      
Noninterest income      
Revenue from contracts with customers $ 6,296 $ 7,980 $ 9,143