XML 25 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
INTEREST INCOME      
Interest and fees on loans and leases $ 869,433 $ 763,803 $ 398,214
Interest and dividends on investment securities:      
Taxable 47,842 45,784 34,146
Exempt from federal income tax 9,647 10,345 8,898
Dividends 708 325 252
Interest on temporary investments and interest bearing deposits 2,236 2,264 1,336
Total interest income 929,866 822,521 442,846
INTEREST EXPENSE      
Interest on deposits 29,839 23,815 20,755
Interest on securities sold under agreement to repurchase 173 346 141
Interest on term debt 14,470 12,793 9,248
Interest on junior subordinated debentures 13,750 11,739 7,737
Total interest expense 58,232 48,693 37,881
Net interest income 871,634 773,828 404,965
PROVISION FOR LOAN AND LEASE LOSSES 36,589 40,241 10,716
Net interest income after provision for loan and lease losses 835,045 733,587 394,249
NON-INTEREST INCOME      
Service charges on deposits 59,740 54,700 30,952
Brokerage revenue 18,481 18,133 14,736
Residential mortgage banking revenue, net 124,722 77,265 78,885
Gain on investment securities, net 2,922 2,904 209
Gain on loan sales, net 22,380 15,113 2,744
Loss on junior subordinated debentures carried at fair value (6,306) (5,090) (2,197)
Change in FDIC indemnification asset (853) (15,151) (25,549)
BOLI income 8,351 6,835 3,035
Other income 46,287 26,465 20,080
Total non-interest income 275,724 181,174 122,895
NON-INTEREST EXPENSE      
Salaries and employee benefits 430,936 355,379 209,991
Occupancy and equipment, net 142,975 111,263 62,067
Communications 20,615 14,728 11,974
Marketing 11,419 9,504 6,062
Services 46,379 49,086 25,483
FDIC assessments 13,480 10,998 6,954
Loss on other real estate owned, net 1,894 4,116 1,248
Intangible amortization 11,225 10,207 4,781
Merger related expenses 45,582 82,317 8,836
Other expenses 39,137 36,465 27,265
Total non-interest expense 763,642 684,063 364,661
Income before income taxes 347,127 230,698 152,483
Provision for income taxes 124,588 83,040 54,192
Net income 222,539 147,658 98,291
Dividends and undistributed earnings allocated to participating securities 357 484 788
Net earnings available to common shareholders $ 222,182 $ 147,174 $ 97,503
Earnings per common share:      
Basic earnings per common share (usd per share) $ 1.01 $ 0.79 $ 0.87
Diluted earnings per common share (usd per share) $ 1.01 $ 0.78 $ 0.87
Weighted average number of common shares outstanding:      
Basic (in shares) 220,327 186,550 111,938
Diluted (in shares) 221,045 187,544 112,176