XML 11 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest expense:          
Deposits $ 40,703 $ 38,720 $ 21,121 $ 113,658 $ 51,306
Borrowings 6,852 7,210 3,814 21,772 7,383
Subordinated debentures 7,417 7,705 7,390 22,860 21,093
Total interest expense 54,972 53,635 32,325 158,290 79,782
Loans and leases 275,978 284,236 264,062 834,443 775,447
Investment securities 28,806 28,948 28,061 87,434 81,929
Deposits in financial institutions 2,424 1,349 519 4,423 1,555
Total interest income 307,208 314,533 292,642 926,300 858,931
Net interest income 252,236 260,898 260,317 768,010 779,149
Provision for credit losses 7,000 8,000 11,500 19,000 33,000
Net interest income after provision for credit losses 245,236 252,898 248,817 749,010 746,149
Noninterest income:          
Other commissions and fees 10,855 11,590 12,397 33,453 34,429
Leased equipment income 9,615 9,182 9,120 28,079 28,497
Service charges on deposit accounts 3,525 3,771 3,979 11,026 12,418
Gain on sale of loans and leases 765 326 0 1,091 4,675
Gain on sale of securities 908 22,192 826 25,261 7,390
Other income 7,761 3,832 10,590 16,476 27,700
Total noninterest income 33,429 50,893 36,912 115,386 115,109
Noninterest expense:          
Compensation 71,424 68,956 72,333 211,225 213,269
Occupancy 14,089 14,457 13,069 42,866 39,867
Data processing 7,044 6,817 6,740 20,786 20,295
Leased equipment depreciation 5,951 5,558 5,001 17,160 15,613
Intangible asset amortization 4,833 4,870 5,587 14,573 17,520
Other professional services 4,400 4,629 6,058 13,542 15,754
Insurance and assessments 4,100 4,098 5,446 12,236 16,503
Loan expense 3,628 3,451 2,249 9,964 7,578
Acquisition, integration and reorganization costs 0 0 800 618 800
Foreclosed assets expense (income), net 8 (146) (257) (109) (440)
Other expense 11,332 12,737 11,127 35,662 35,238
Total noninterest expense 126,809 125,427 128,153 378,523 381,997
Earnings before income taxes 151,856 178,364 157,576 485,873 479,261
Income tax expense (41,830) (50,239) (41,289) (135,118) (128,963)
Net earnings $ 110,026 $ 128,125 $ 116,287 $ 350,755 $ 350,298
Earnings per share:          
Net earnings (usd per share) $ 0.92 $ 1.07 $ 0.94 $ 2.91 $ 2.79
Net earnings (usd per share) $ 0.92 $ 1.07 $ 0.94 $ 2.91 $ 2.79