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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest Income:        
Interest and fees on loans and leases $ 135,694 $ 125,771 $ 266,417 $ 249,781
Taxable interest and dividends on securities 46,857 47,252 94,509 96,093
Non-taxable interest on securities 3,987 4,259 8,014 9,010
Loans held for sale 432 215 942 392
Total interest income 186,970 177,497 369,882 355,276
Interest Expense:        
Deposits 11,533 10,851 23,075 21,495
Securities sold under agreements to repurchase and other borrowings 4,186 5,082 8,573 10,287
Federal Home Loan Bank advances 5,329 4,002 10,150 7,849
Long-term debt 2,411 2,440 4,809 5,222
Total interest expense 23,459 22,375 46,607 44,853
Net interest income 163,511 155,122 323,275 310,423
Provision for loan and lease losses 12,750 9,250 22,500 18,250
Net interest income after provision for loan and lease losses 150,761 145,872 300,775 292,173
Non-interest Income:        
Deposit service fees 34,493 26,302 67,118 51,014
Loan related fees 5,729 4,890 11,408 9,372
Wealth and investment services 8,784 8,829 16,673 17,667
Mortgage banking activities 2,517 513 4,078 1,288
Increase in cash surrender value of life insurance policies 3,197 3,296 6,349 6,554
Gain on sale of investment securities 486 0 529 4,336
Impairment loss recognized in earnings 0 (73) 0 (161)
Other income 4,645 3,839 11,586 7,354
Total non-interest income 59,851 47,596 117,741 97,424
Non-interest Expense:        
Compensation and benefits 74,043 65,711 144,907 132,082
Occupancy 11,680 11,491 25,276 24,250
Technology and equipment 20,224 15,737 39,472 30,747
Intangible assets amortization 1,843 669 3,131 1,837
Marketing 4,245 4,249 8,421 7,429
Professional and outside services 2,875 1,269 5,328 3,971
Deposit insurance 5,492 5,565 11,733 10,876
Other expense 17,044 17,784 33,268 35,746
Total non-interest expense 137,446 122,475 271,536 246,938
Income before income tax expense 73,166 70,993 146,980 142,659
Income tax expense 20,663 23,159 44,755 44,396
Net income 52,503 47,834 102,225 98,263
Preferred stock dividends (2,024) (2,639) (4,663) (5,278)
Net income available to common shareholders $ 50,479 $ 45,195 $ 97,562 $ 92,985
Net income per common share:        
Basic (in dollars per share) $ 0.55 $ 0.50 $ 1.07 $ 1.03
Diluted (in dollars per share) $ 0.55 $ 0.50 $ 1.07 $ 1.02