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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Interest and fees on loans $ 120.9 $ 96.5 $ 232.3 $ 188.2
Interest and dividends on investment securities:        
Taxable 15.7 13.9 30.8 27.1
Exempt from federal taxes 0.5 0.6 1.0 1.2
Interest on deposits in banks 5.0 2.0 8.6 4.1
Total interest income 142.1 113.0 272.7 220.6
Interest expense:        
Interest on deposits 14.1 7.2 26.2 13.4
Interest on securities sold under repurchase agreements 1.1 0.7 2.1 1.1
Interest on other borrowed funds 0.0 0.0 0.0 0.1
Interest on other debt 0.4 0.3 0.7 0.5
Interest on subordinated debentures held by subsidiary trusts 1.2 1.0 2.4 1.9
Total interest expense 16.8 9.2 31.4 17.0
Net interest income 125.3 103.8 241.3 203.6
Provision for loan losses 3.8 2.9 7.5 5.0
Net interest income after provision for loan losses 121.5 100.9 233.8 198.6
Non-interest income:        
Mortgage banking revenues 8.4 7.2 13.8 12.6
Investment securities gains (losses), net 0.0 0.0 0.0 0.0
Other income 5.1 2.6 9.4 6.5
Total non-interest income 39.4 37.6 73.9 72.8
Non-interest expense:        
Salaries and wages 40.4 34.3 76.5 68.9
Employee benefits 14.0 12.3 28.4 23.6
Outsourced technology services 8.1 7.1 16.0 14.1
Occupancy, net 7.1 6.0 14.1 12.3
Furniture and equipment 3.4 2.9 6.9 6.0
OREO expense, net of income 0.2 (0.1) 0.3 0.1
Professional fees 2.3 2.1 4.2 3.3
FDIC insurance premiums 1.6 1.4 3.1 2.9
Mortgage servicing rights amortization 1.0 0.7 1.9 1.5
Core deposit intangibles amortization 3.0 1.7 5.3 3.5
Other expenses 17.5 16.5 33.4 32.3
Acquisition related expenses 13.5 0.0 15.8 2.3
Total non-interest expense 112.1 84.9 205.9 170.8
Income before income tax expense 48.8 53.6 101.8 100.6
Income tax expense 10.9 11.9 22.3 22.2
Net income $ 37.9 $ 41.7 $ 79.5 $ 78.4
Earnings per common share, basic (in dollars per share) $ 0.59 $ 0.74 $ 1.27 $ 1.39
Earnings per common share, diluted (in dollars per share) $ 0.59 $ 0.74 $ 1.27 $ 1.38
Weighted average common shares outstanding, basic (in shares) 64,504,546 56,335,186 62,419,442 56,288,453
Weighted average common shares outstanding, diluted (in shares) 64,707,459 56,699,021 62,668,391 56,670,400
Payment services revenues        
Non-interest income:        
Services revenues $ 10.5 $ 12.9 $ 19.9 $ 23.4
Wealth management revenues        
Non-interest income:        
Wealth management revenues 5.8 5.8 11.9 11.7
Service charges on deposit accounts        
Non-interest income:        
Services revenues 5.4 5.3 10.4 10.9
Other service charges, commissions and fees        
Non-interest income:        
Services revenues $ 4.2 $ 3.8 $ 8.5 $ 7.7