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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income:        
Interest and fees on loans and leases $ 181,130 $ 157,071 $ 523,394 $ 459,050
Taxable interest and dividends on investments 43,819 43,384 136,167 136,734
Non-taxable interest on investment securities 5,765 4,820 17,103 13,691
Loans held for sale 307 440 826 1,006
Total interest income 231,021 205,715 677,490 610,481
Interest Expense:        
Deposits 16,760 12,594 44,874 37,267
Securities sold under agreements to repurchase and other borrowings 3,847 3,447 10,970 10,999
Federal Home Loan Bank advances 6,894 6,979 22,543 21,517
Long-term debt 2,616 2,498 7,748 7,444
Total interest expense 30,117 25,518 86,135 77,227
Net interest income 200,904 180,197 591,355 533,254
Provision for loan and lease losses 10,150 14,250 27,900 43,850
Net interest income after provision for loan and lease losses 190,754 165,947 563,455 489,404
Non-interest Income:        
Deposit service fees 38,321 35,734 113,519 105,553
Loan and lease related fees 6,346 9,253 19,898 20,563
Wealth and investment services 7,750 7,593 22,900 21,992
Mortgage banking activities 2,421 4,322 8,038 11,335
Increase in cash surrender value of life insurance policies 3,720 3,743 10,943 11,060
Gain on sale of investment securities, net 0 0 0 414
Impairment loss on investment securities recognized in earnings 0 0 (126) (149)
Other income 7,288 5,767 18,267 23,093
Total non-interest income 65,846 66,412 193,439 193,861
Non-interest Expense:        
Compensation and benefits 89,192 83,148 264,822 244,089
Occupancy 14,744 15,004 46,957 44,915
Technology and equipment 22,580 19,753 66,646 59,067
Intangible assets amortization 1,002 1,493 3,085 4,570
Marketing 4,045 4,622 14,101 14,215
Professional and outside services 4,030 4,795 11,813 11,360
Deposit insurance 6,344 6,177 19,701 19,596
Other expense 19,886 21,105 62,901 63,508
Total non-interest expense 161,823 156,097 490,026 461,320
Income (loss) before income tax expense 94,777 76,262 266,868 221,945
Income tax expense 30,281 24,445 81,322 72,478
Net income 64,496 51,817 185,546 149,467
Preferred stock dividends and other (2,070) (2,183) (6,284) (6,540)
Earnings applicable to common shareholders $ 62,426 $ 49,634 $ 179,262 $ 142,927
Earnings per common share:        
Basic (in dollars per share) $ 0.68 $ 0.54 $ 1.95 $ 1.57
Diluted (in dollars per share) $ 0.67 $ 0.54 $ 1.94 $ 1.56