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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest expense:          
Deposits $ 38,720 $ 34,235 $ 16,367 $ 72,955 $ 30,185
Borrowings 7,210 7,710 2,649 14,920 3,569
Subordinated debentures 7,705 7,738 7,166 15,443 13,703
Total interest expense 53,635 49,683 26,182 103,318 47,457
Loans and leases 284,236 274,229 260,300 558,465 511,385
Investment securities 28,948 29,680 27,730 58,628 53,868
Deposits in financial institutions 1,349 650 484 1,999 1,036
Total interest income 314,533 304,559 288,514 619,092 566,289
Net interest income 260,898 254,876 262,332 515,774 518,832
Provision for credit losses 8,000 4,000 17,500 12,000 21,500
Net interest income after provision for credit losses 252,898 250,876 244,832 503,774 497,332
Noninterest income:          
Other commissions and fees 11,590 11,008 11,767 22,598 22,032
Leased equipment income 9,182 9,282 9,790 18,464 19,377
Service charges on deposit accounts 3,771 3,730 4,265 7,501 8,439
Gain on sale of loans and leases 326 0 106 326 4,675
Gain on sale of securities 22,192 2,161 253 24,353 6,564
Other income 3,832 4,883 13,457 8,715 17,110
Total noninterest income 50,893 31,064 39,638 81,957 78,197
Noninterest expense:          
Compensation 68,956 70,845 69,913 139,801 140,936
Occupancy 14,457 14,320 13,575 28,777 26,798
Data processing 6,817 6,925 6,896 13,742 13,555
Leased equipment depreciation 5,558 5,651 5,237 11,209 10,612
Intangible asset amortization 4,870 4,870 5,587 9,740 11,933
Other professional services 4,629 4,513 5,257 9,142 9,696
Insurance and assessments 4,098 4,038 5,330 8,136 11,057
Loan expense 3,451 2,885 3,058 6,336 5,329
Acquisition, integration and reorganization costs 0 618 0 618 0
Foreclosed assets (income) expense, net (146) 29 (61) (117) (183)
Other expense 12,737 11,593 11,657 24,330 24,111
Total noninterest expense 125,427 126,287 126,449 251,714 253,844
Earnings before income taxes 178,364 155,653 158,021 334,017 321,685
Income tax expense (50,239) (43,049) (42,286) (93,288) (87,674)
Net earnings $ 128,125 $ 112,604 $ 115,735 $ 240,729 $ 234,011
Earnings per share:          
Net earnings (usd per share) $ 1.07 $ 0.92 $ 0.92 $ 1.99 $ 1.85
Net earnings (usd per share) $ 1.07 $ 0.92 $ 0.92 $ 1.99 $ 1.85