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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
INTEREST INCOME        
Interest and fees on loans and leases $ 210,290 $ 217,143 $ 428,218 $ 431,018
Interest and dividends on investment securities:        
Taxable 11,963 11,517 25,018 23,306
Exempt from federal income tax 2,183 2,410 4,418 4,891
Dividends 365 169 731 270
Interest on temporary investments and interest bearing deposits 652 549 1,132 1,374
Total interest income 225,453 231,788 459,517 460,859
INTEREST EXPENSE        
Interest on deposits 8,540 7,381 16,953 14,484
Interest on securities sold under agreement to repurchase 32 43 68 91
Interest on term debt 3,848 3,492 8,034 6,956
Interest on junior subordinated debentures 3,835 3,406 7,562 6,743
Total interest expense 16,255 14,322 32,617 28,274
Net interest income 209,198 217,466 426,900 432,585
PROVISION FOR LOAN AND LEASE LOSSES 10,589 11,254 15,412 23,891
Net interest income after provision for loan and lease losses 198,609 206,212 411,488 408,694
NON-INTEREST INCOME        
Service charges on deposits 15,667 14,811 30,183 29,085
Brokerage revenue 4,580 4,648 8,674 9,417
Residential mortgage banking revenue, net 36,783 40,014 52,209 68,241
Gain on investment securities, net 162 19 858 135
Gain on loan sales, net 5,640 8,711 8,011 15,439
Loss on junior subordinated debentures carried at fair value (1,572) (1,572) (3,144) (3,127)
BOLI income 2,152 2,043 4,291 4,345
Other income 11,247 12,428 19,528 21,472
Total non-interest income 74,659 81,102 120,610 145,007
NON-INTEREST EXPENSE        
Salaries and employee benefits 107,545 110,807 214,083 218,251
Occupancy and equipment, net 37,850 34,868 76,145 67,018
Communications 5,296 5,894 10,859 10,688
Marketing 3,004 2,038 5,854 5,074
Services 11,529 10,866 22,200 24,993
FDIC assessments 3,693 3,155 7,414 6,369
(Gain) loss on other real estate owned, net (1,457) 480 (68) 2,294
Intangible amortization 2,328 2,807 4,888 5,613
Merger related expenses 6,634 21,797 10,084 35,879
Goodwill impairment 0 0 142 0
Other expenses 12,089 9,206 20,899 18,358
Total non-interest expense 188,511 201,918 372,500 394,537
Income before provision for income taxes 84,757 85,396 159,598 159,164
Provision for income taxes 30,470 30,612 57,742 57,251
Net income 54,287 54,784 101,856 101,913
Dividends and undistributed earnings allocated to participating securities 32 93 61 177
Net earnings available to common shareholders $ 54,255 $ 54,691 $ 101,795 $ 101,736
Earnings per common share:        
Basic (in usd per share) $ 0.25 $ 0.25 $ 0.46 $ 0.46
Diluted (in usd per share) $ 0.25 $ 0.25 $ 0.46 $ 0.46
Weighted average number of common shares outstanding:        
Basic (in shares) 220,421 220,463 220,324 220,406
Diluted (in shares) 220,907 221,150 221,001 221,088