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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income        
Interest and fees on loans $ 148,771 $ 97,103 $ 422,570 $ 249,082
Interest on investment securities:        
Taxable 9,326 2,575 21,207 6,302
Tax-exempt 4,577 3,072 13,238 8,377
Dividends on nonmarketable equity securities 1,039 358 2,906 1,391
Interest on deposits with the Federal Reserve Bank, other banks and Federal funds sold 1,231 454 3,052 811
Total interest income 164,944 103,562 462,973 265,963
Interest expense        
Interest on deposits 12,926 5,836 32,424 14,155
Interest on short-term borrowings 6,591 459 12,908 785
Interest on long-term borrowings 1,799 458 5,968 2,389
Total interest expense 21,316 6,753 51,300 17,329
Net interest income 143,628 96,809 411,673 248,634
Provision for loan losses 5,499 4,103 15,778 8,603
Net interest income after provision for loan losses 138,129 92,706 395,895 240,031
Noninterest income        
Service charges and fees on deposit accounts 9,147 7,665 25,928 19,722
Wealth management revenue 6,188 5,584 18,973 16,567
Other charges and fees for customer services 6,624 7,410 25,249 20,265
Net gain on sale of loans and other mortgage banking revenue 5,241 4,439 24,280 7,439
Gain on sale of investment securities 1 16 168 53
Other 4,921 2,656 17,102 4,040
Total noninterest income 32,122 27,770 111,700 68,086
Operating expenses        
Salaries, wages and employee benefits 52,621 40,565 165,470 107,582
Occupancy 6,871 5,462 23,008 15,881
Equipment and software 7,582 6,420 24,248 15,699
Merger expenses 2,379 37,470 7,011 43,118
Restructuring expenses 18,824 0 18,824 0
Other 31,262 16,227 83,411 41,836
Total operating expenses 119,539 106,144 321,972 224,116
Income before income taxes 50,712 14,332 185,623 84,001
Income tax expense 10,253 2,848 45,546 23,137
Net income $ 40,459 $ 11,484 $ 140,077 $ 60,864
Earnings per common share:        
Basic (dollars per share) $ 0.57 $ 0.23 $ 1.98 $ 1.45
Diluted (dollars per share) 0.56 0.23 1.95 1.42
Cash dividends declared per common share (dollars per share) $ 0.28 $ 0.27 $ 0.82 $ 0.79000