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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Interest and fees on loans $ 141,314 $ 77,578 $ 273,799 $ 151,979
Interest on investment securities:        
Taxable 7,125 1,798 11,881 3,727
Tax-exempt 4,426 2,640 8,661 5,305
Dividends on nonmarketable equity securities 1,246 777 1,867 1,033
Interest on deposits with the Federal Reserve Bank, other banks and Federal funds sold 1,022 144 1,821 357
Total interest income 155,133 82,937 298,029 162,401
Interest expense        
Interest on deposits 10,582 4,260 19,498 8,319
Interest on short-term borrowings 4,659 226 6,317 326
Interest on long-term borrowings 1,944 956 4,169 1,931
Total interest expense 17,185 5,442 29,984 10,576
Net interest income 137,948 77,495 268,045 151,825
Provision for loan losses 6,229 3,000 10,279 4,500
Net interest income after provision for loan losses 131,719 74,495 257,766 147,325
Noninterest income        
Service charges and fees on deposit accounts 8,777 6,337 16,781 12,057
Wealth management revenue 6,958 5,782 12,785 10,983
Other charges and fees for customer services 9,734 6,463 18,625 12,855
Net gain on sale of loans and other mortgage banking revenue 9,879 1,595 19,039 3,000
Gain on sale of investment securities 77 18 167 37
Other 6,143 702 12,181 1,384
Total noninterest income 41,568 20,897 79,578 40,316
Operating expenses        
Salaries, wages and employee benefits 52,601 33,127 112,849 67,017
Occupancy 8,745 5,514 16,137 10,419
Equipment and software 8,149 4,875 16,666 9,279
Merger and acquisition-related transaction expenses 465 3,054 4,632 5,648
Other 28,277 12,515 52,149 25,609
Total operating expenses 98,237 59,085 202,433 117,972
Income before income taxes 75,050 36,307 134,911 69,669
Income tax expense 23,036 10,532 35,293 20,289
Net income $ 52,014 $ 25,775 $ 99,618 $ 49,380
Earnings per common share:        
Basic (dollars per share) $ 0.73 $ 0.67 $ 1.41 $ 1.29
Diluted (dollars per share) 0.73 0.67 1.39 1.28
Cash dividends declared per common share (dollars per share) $ 0.27 $ 0.26 $ 0.54 $ 0.52