XML 21 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST INCOME      
Loans $ 616,037 $ 352,351 $ 265,652
Interest bearing balances due from banks and federal funds sold 5,996 1,933 756
Investment securities 57,318 40,115 33,479
Mortgage loans held for sale 1,336 605 1,102
Assets held in trading accounts 0 0 16
TOTAL INTEREST INCOME 680,687 395,004 301,005
INTEREST EXPENSE      
Deposits 87,210 27,756 15,217
Federal funds purchased and securities sold under agreements to repurchase 423 347 273
Other borrowings 23,654 8,621 4,148
Subordinated notes and debentures 16,848 3,350 2,161
TOTAL INTEREST EXPENSE 128,135 40,074 21,799
NET INTEREST INCOME 552,552 354,930 279,206
Provision for loan losses 38,148 26,393 20,065
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 514,404 328,537 259,141
NON-INTEREST INCOME      
Investment banking income 3,141 2,793 3,471
Bank owned life insurance income 4,415 3,503 3,324
Gain on sale of securities, net 61 1,059 5,848
Other income 19,863 19,268 18,788
TOTAL NON-INTEREST INCOME 143,896 138,765 139,382
NON-INTEREST EXPENSE      
Salaries and employee benefits 216,743 154,314 133,457
Occupancy expense, net 29,610 21,159 18,667
Furniture and equipment expense 16,323 19,366 16,683
Other real estate and foreclosure expense 4,480 3,042 4,461
Deposit insurance 8,721 3,696 3,469
Merger related costs 4,777 21,923 4,835
Other operating expenses 111,575 88,879 73,513
TOTAL NON-INTEREST EXPENSE 392,229 312,379 255,085
INCOME BEFORE INCOME TAXES 266,071 154,923 143,438
Provision for income taxes 50,358 61,983 46,624
NET INCOME 215,713 92,940 96,814
Preferred stock dividends 0 0 24
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 215,713 $ 92,940 $ 96,790
Basic earnings per share (in dollars per share) [1] $ 2.34 $ 1.34 $ 1.58
Diluted earnings per share (in dollars per share) [1] $ 2.32 $ 1.33 $ 1.56
Trust income      
NON-INTEREST INCOME      
NON-INTEREST INCOME $ 23,128 $ 18,570 $ 15,442
Service charges on deposit accounts      
NON-INTEREST INCOME      
NON-INTEREST INCOME 42,508 36,079 32,414
Other service charges and fees      
NON-INTEREST INCOME      
NON-INTEREST INCOME 7,469 9,919 12,872
Mortgage and SBA lending income      
NON-INTEREST INCOME      
NON-INTEREST INCOME 11,043 13,316 16,483
Debit and credit card fees      
NON-INTEREST INCOME      
NON-INTEREST INCOME $ 32,268 $ 34,258 $ 30,740
[1] Per share amounts for the years ended 2017 and 2016 have been restated to reflect the effect of the two-for-one stock split on February 8, 2018.