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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Interest and fees on loans $ 97,103 $ 73,809 $ 249,082 $ 196,519
Interest on investment securities:        
Taxable 2,575 2,233 6,302 6,742
Tax-exempt 3,072 2,399 8,377 6,490
Total interest on securities 5,647 4,632 14,679 13,232
Dividends on nonmarketable equity securities 358 266 1,391 1,015
Interest on deposits with the Federal Reserve Bank, other banks and Federal funds sold 454 144 811 394
Total interest income 103,562 78,851 265,963 211,160
Interest Expense        
Interest on deposits 5,836 4,304 14,155 11,286
Interest on short-term borrowings 459 144 785 343
Interest on long-term borrowings 458 786 2,389 999
Total interest expense 6,753 5,234 17,329 12,628
Net Interest Income 96,809 73,617 248,634 198,532
Provision for loan losses 4,103 1,500 8,603 4,500
Net interest income after provision for loan losses 92,706 72,117 240,031 194,032
Noninterest Income        
Service charges and fees on deposit accounts 7,665 6,722 19,722 19,083
Wealth management revenue 5,584 4,725 16,567 15,401
Other charges and fees for customer services 7,410 6,818 20,265 19,324
Mortgage banking revenue 4,439 1,436 7,439 4,527
Net gain on sale of investment securities 16 5 53 612
Other 2,656 509 4,040 1,217
Total noninterest income 27,770 20,215 68,086 60,164
Operating Expenses        
Salaries, wages and employee benefits 40,565 33,985 107,582 94,949
Occupancy 5,462 4,781 15,881 13,593
Equipment and software 6,420 4,589 15,699 13,467
Merger and acquisition-related transaction expenses 37,470 900 43,118 5,719
Other 16,227 14,010 41,836 38,342
Total operating expenses 106,144 58,265 224,116 166,070
Income before income taxes 14,332 34,067 84,001 88,126
Income tax expense 3,600 9,600 24,300 26,800
Net Income $ 10,732 $ 24,467 $ 59,701 $ 61,326
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.22 $ 0.64 $ 1.43 $ 1.73
Diluted (in dollars per share) 0.21 0.64 1.40 1.72
Cash Dividends Declared Per Common Share (in dollars per share) $ 0.27 $ 0.26 $ 0.79 $ 0.74