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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loans, including fees $ 278,932 $ 234,709 $ 808,099 $ 662,703
Investment securities 28,928 26,100 84,929 77,847
Dividends 1,289 1,831 4,452 5,506
Other 6,459 2,576 12,144 5,459
Total interest income 315,608 265,216 909,624 751,515
Interest expense:        
Deposits 43,354 25,266 121,030 59,288
Other borrowings 34 90 1,344 3,352
Qualifying debt 5,785 5,794 17,898 16,458
Other 13 28 913 51
Total interest expense 49,186 31,178 141,185 79,149
Net interest income 266,422 234,038 768,439 672,366
Provision for credit losses 4,000 6,000 14,500 17,000
Net interest income after provision for credit losses 262,422 228,038 753,939 655,366
Non-interest income:        
Service charges and fees 5,888 5,267 17,121 16,684
Income from equity instruments 3,742 1,440 6,619 5,417
Card Income 1,729 2,138 5,195 6,143
Foreign currency income 1,321 1,092 3,564 3,475
Income from bank owned life insurance 979 868 2,938 2,963
Lending related income and gains (losses) on sale of loans, net 539 1,422 1,343 3,447
Sales of investment securities 3,152 (7,232) 3,152 (7,232)
Unrealized gains (losses) on assets measured at fair value, net 222 (1,212) 4,628 (2,971)
Other income 1,869 635 4,509 1,579
Total non-interest income 19,441 4,418 49,069 29,505
Non-interest expense:        
Salaries and employee benefits 70,978 64,762 205,328 188,680
Deposit costs 11,537 4,848 24,930 11,888
Occupancy 8,263 7,406 24,251 21,671
Legal, professional, and directors' fees 8,248 7,907 26,885 21,856
Data processing 7,095 5,895 20,563 16,688
Insurance 3,071 3,712 8,691 11,466
Loan and repossessed asset expenses 1,953 1,230 5,419 2,830
Business development 1,443 1,381 4,972 4,523
Marketing 842 687 2,640 2,429
Card expense 548 1,282 1,892 3,305
Intangible amortization 387 398 1,161 1,195
Net loss (gain) on sales / valuations of repossessed and other assets 3,379 (67) 2,856 (1,474)
Other expense 8,211 14,400 23,494 29,481
Total non-interest expense 125,955 113,841 353,082 314,538
Income before provision for income taxes 155,908 118,615 449,926 370,333
Income tax expense 28,533 7,492 78,819 53,631
Net income $ 127,375 $ 111,123 $ 371,107 $ 316,702
Earnings per share:        
Basic $ 1.25 $ 1.06 $ 3.60 $ 3.03
Diluted $ 1.24 $ 1.05 $ 3.59 $ 3.00
Weighted average number of common shares outstanding:        
Basic 102,041 104,768 103,024 104,664
Diluted 102,451 105,448 103,468 105,398