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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest Income:        
Interest and fees on loans and leases $ 174,456 $ 152,171 $ 342,264 $ 301,979
Taxable interest and dividends on securities 46,408 45,311 92,348 93,350
Non-taxable interest on securities 5,722 4,656 11,338 8,871
Loans held for sale 203 293 519 566
Total interest income 226,789 202,431 446,469 404,766
Interest Expense:        
Deposits 14,679 12,374 28,114 24,673
Securities sold under agreements to repurchase and other borrowings 3,583 3,379 7,123 7,552
Federal Home Loan Bank advances 8,156 7,291 15,649 14,538
Long-term debt 2,584 2,482 5,132 4,946
Total interest expense 29,002 25,526 56,018 51,709
Net interest income 197,787 176,905 390,451 353,057
Provision for loan and lease losses 7,250 14,000 17,750 29,600
Net interest income after provision for loan and lease losses 190,537 162,905 372,701 323,457
Non-interest Income:        
Deposit service fees 38,192 34,894 75,198 69,819
Loan and lease related fees 6,344 6,266 13,552 11,310
Wealth and investment services 7,877 7,204 15,150 14,399
Mortgage banking activities 3,351 3,753 5,617 7,013
Increase in cash surrender value of life insurance policies 3,648 3,664 7,223 7,317
Gain on sale of investment securities, net 0 94 0 414
Impairment loss on securities recognized in earnings (126) 0 (126) (149)
Other income 5,265 9,200 10,979 17,326
Total non-interest income 64,551 65,075 127,593 127,449
Non-interest Expense:        
Compensation and benefits 87,354 80,231 175,630 160,941
Occupancy 16,034 14,842 32,213 29,911
Technology and equipment 22,458 19,376 44,066 39,314
Intangible assets amortization 1,028 1,523 2,083 3,077
Marketing 4,615 4,669 10,056 9,593
Professional and outside services 3,507 3,754 7,783 6,565
Deposit insurance 6,625 6,633 13,357 13,419
Other expense 22,798 21,750 43,015 42,403
Total non-interest expense 164,419 152,778 328,203 305,223
Income (loss) before income tax expense 90,669 75,202 172,091 145,683
Income tax expense 29,090 24,599 51,041 48,033
Net of tax 61,579 50,603 121,050 97,650
Preferred stock dividends and other (2,094) (2,205) (4,224) (4,368)
Earnings applicable to common shareholders $ 59,485 $ 48,398 $ 116,826 $ 93,282
Earnings per common share:        
Basic (in dollars per share) $ 0.65 $ 0.53 $ 1.27 $ 1.02
Diluted (in dollars per share) $ 0.64 $ 0.53 $ 1.26 $ 1.02