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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME        
Interest and fees on loans and leases $ 212,998 $ 210,290 $ 418,994 $ 428,218
Interest and dividends on investment securities:        
Taxable 15,220 11,963 29,151 25,018
Exempt from federal income tax 2,237 2,183 4,479 4,418
Dividends 360 365 748 731
Interest on temporary investments and interest bearing deposits 324 652 1,881 1,132
Total interest income 231,139 225,453 455,253 459,517
INTEREST EXPENSE        
Interest on deposits 10,641 8,540 20,289 16,953
Interest on securities sold under agreement to repurchase and federal funds purchased 321 32 351 68
Interest on term debt 3,662 3,848 7,172 8,034
Interest on junior subordinated debentures 4,437 3,835 8,638 7,562
Total interest expense 19,061 16,255 36,450 32,617
Net interest income 212,078 209,198 418,803 426,900
PROVISION FOR LOAN AND LEASE LOSSES 10,657 10,589 22,329 15,412
Net interest income after provision for loan and lease losses 201,421 198,609 396,474 411,488
NON-INTEREST INCOME        
Service charges on deposits 15,478 15,667 30,207 30,183
Brokerage revenue 3,903 4,580 8,025 8,674
Residential mortgage banking revenue, net 33,894 36,783 60,728 52,209
Gain on investment securities, net 35 162 33 858
Gain on loan sales, net 3,310 5,640 5,064 8,011
Loss on junior subordinated debentures carried at fair value (1,572) (1,572) (3,127) (3,144)
BOLI income 2,089 2,152 4,158 4,291
Other income 13,982 11,247 26,256 19,528
Total non-interest income 71,119 74,659 131,344 120,610
NON-INTEREST EXPENSE        
Salaries and employee benefits 108,561 107,545 215,034 214,083
Occupancy and equipment, net 36,955 37,850 75,628 76,145
Communications 4,859 5,296 9,963 10,859
Marketing 2,374 3,004 4,107 5,854
Services 11,386 11,529 22,691 22,200
FDIC assessments 4,447 3,693 8,534 7,414
Gain on other real estate owned, net (457) (1,457) (375) (68)
Intangible amortization 1,689 2,328 3,378 4,888
Merger related expenses 1,640 6,634 2,660 10,084
Goodwill impairment 0 0 0 142
Other expenses 12,567 12,089 25,115 20,899
Total non-interest expense 184,021 188,511 366,735 372,500
Income before provision for income taxes 88,519 84,757 161,083 159,598
Provision for income taxes 31,707 30,470 58,268 57,742
Net income 56,812 54,287 102,815 101,856
Dividends and undistributed earnings allocated to participating securities 14 32 26 61
Net earnings available to common shareholders $ 56,798 $ 54,255 $ 102,789 $ 101,795
Earnings per common share:        
Basic (in usd per share) $ 0.26 $ 0.25 $ 0.47 $ 0.46
Diluted (in usd per share) $ 0.26 $ 0.25 $ 0.47 $ 0.46
Weighted average number of common shares outstanding:        
Basic (in shares) 220,310 220,421 220,298 220,324
Diluted (in shares) 220,753 220,907 220,790 221,001