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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:          
Loans and leases $ 235,666 $ 234,618 $ 225,370 $ 694,462 $ 686,071
Investment securities 24,762 24,689 22,187 72,490 67,154
Deposits in financial institutions 538 237 298 967 914
Total interest income 260,966 259,544 247,855 767,919 754,139
Interest expense:          
Deposits 13,071 10,205 7,247 31,653 24,143
Borrowings 188 1,066 695 2,272 1,628
Subordinated debentures 6,017 5,800 5,278 17,379 15,382
Total interest expense 19,276 17,071 13,220 51,304 41,153
Net interest income 241,690 242,473 234,635 716,615 712,986
Provision for credit losses 15,119 11,499 8,471 51,346 42,514
Net interest income after provision for credit losses 226,571 230,974 226,164 665,269 670,472
Noninterest income:          
Service charges on deposit accounts 3,465 3,510 3,488 10,733 10,977
Other commissions and fees 9,944 10,583 12,528 30,917 35,090
Leased equipment income 8,332 11,635 8,538 29,442 25,305
Gain on sale of loans and leases 2,848 649 157 4,209 790
Gain on sale of securities 1,236 1,651 382 2,788 8,970
FDIC loss sharing expense, net 0 0 0 0 (8,917)
Other income 5,557 7,254 1,827 23,689 11,365
Total noninterest income 31,382 35,282 26,920 101,778 83,580
Noninterest expense:          
Compensation 64,413 65,288 62,661 194,581 185,900
Occupancy 12,729 11,811 12,010 36,148 36,835
Data processing 6,459 6,337 6,234 19,811 17,782
Other professional services 4,213 3,976 4,625 11,567 11,598
Insurance and assessments 4,702 4,856 4,324 14,349 14,240
Intangible asset amortization 3,049 3,065 4,224 9,178 13,341
Leased equipment depreciation 4,862 5,232 5,298 15,719 15,608
Foreclosed assets expense (income), net 2,191 (157) (248) 2,177 (812)
Acquisition, integration and reorganization costs 1,450 1,700 0 3,650 200
Loan expense 3,421 3,884 1,931 10,692 6,231
Other expense 11,053 11,715 9,651 34,921 30,556
Total noninterest expense 118,542 117,707 110,710 352,793 331,479
Earnings before income taxes 139,411 148,549 142,374 414,254 422,573
Income tax expense (37,945) (54,902) (48,479) (140,473) (156,054)
Net earnings $ 101,466 $ 93,647 $ 93,895 $ 273,781 $ 266,519
Earnings per share:          
Net earnings (usd per share) $ 0.84 $ 0.77 $ 0.77 $ 2.26 $ 2.19
Net earnings (usd per share) 0.84 0.77 0.77 2.26 2.19
Dividends declared per share (usd per share) $ 0.50 $ 0.50 $ 0.50 $ 1.50 $ 1.5