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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST INCOME        
Interest and fees on loans and leases $ 246,410 $ 226,068 $ 718,021 $ 645,780
Interest and dividends on investment securities:        
Taxable 24,435 13,979 48,633 43,130
Exempt from federal income tax 2,048 2,125 6,233 6,604
Dividends 549 357 1,450 1,105
Interest on temporary investments and interest bearing deposits 2,800 934 6,044 2,815
Total interest income 276,242 243,463 780,381 699,434
INTEREST EXPENSE        
Interest on deposits 25,692 12,052 62,561 32,341
Interest on securities sold under agreement to repurchase and federal funds purchased 103 81 321 432
Interest on term debt 3,439 3,491 10,278 10,663
Interest on junior subordinated debentures 5,640 4,628 15,972 13,266
Total interest expense 34,874 20,252 89,132 56,702
Net interest income 241,368 223,211 691,249 642,732
PROVISION FOR LOAN AND LEASE LOSSES 11,711 11,997 38,686 34,326
Net interest income after provision for loan and lease losses 229,657 211,214 652,563 608,406
NON-INTEREST INCOME        
Residential mortgage banking revenue, net 31,484 33,430 103,085 94,158
(Loss) gain on sale of investment securities, net 0 (6) 14 27
Unrealized holding losses on equity securities (462) 0 (1,894) 0
Gain on loan sales, net 2,772 9,260 5,350 14,324
Loss on junior subordinated debentures carried at fair value 0 (1,590) 0 (4,717)
BOLI income 2,051 2,041 6,181 6,199
Total non-interest income 72,388 76,693 222,606 208,037
NON-INTEREST EXPENSE        
Salaries and employee benefits 103,575 108,732 323,466 323,766
Occupancy and equipment, net 36,530 37,648 112,775 113,276
Communications 4,165 4,549 13,045 14,512
Marketing 3,969 1,950 8,857 6,057
Services 14,794 9,578 46,482 32,269
FDIC assessments 4,303 4,405 13,475 12,939
Gain on other real estate owned, net (128) (99) (258) (474)
Intangible amortization 1,541 1,689 4,624 5,067
Merger related expenses 0 6,664 0 9,324
Other expenses 10,543 13,238 38,511 38,353
Total non-interest expense 179,292 188,354 560,977 555,089
Income before provision for income taxes 122,753 99,553 314,192 261,354
Provision for income taxes 31,772 35,746 78,240 94,292
Net income 90,981 63,807 235,952 167,062
Dividends and undistributed earnings allocated to participating securities 5 14 15 40
Net earnings available to common shareholders $ 90,976 $ 63,793 $ 235,937 $ 167,022
Earnings per common share:        
Basic (in usd per share) $ 0.41 $ 0.29 $ 1.07 $ 0.76
Diluted (in usd per share) $ 0.41 $ 0.29 $ 1.07 $ 0.76
Weighted average number of common shares outstanding:        
Basic (in shares) 220,224 220,215 220,292 220,270
Diluted (in shares) 220,620 220,755 220,751 220,793
Total service charges on deposits        
NON-INTEREST INCOME        
Revenue from contract with customer $ 15,574 $ 15,849 $ 46,089 $ 46,056
Brokerage revenue        
NON-INTEREST INCOME        
Revenue from contract with customer 3,947 3,832 12,302 11,857
Other income        
NON-INTEREST INCOME        
Revenue from contract with customer $ 17,022 $ 13,877 $ 51,479 $ 40,133