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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        
Loans and lease financing $ 118,986 $ 106,900 $ 342,431 $ 316,958
Available-for-sale securities 24,195 21,123 75,683 57,135
Other 2,089 1,311 4,096 6,114
Total interest income 145,270 129,334 422,210 380,207
Interest expense        
Deposits 11,949 6,632 28,279 19,602
Short-term borrowings and long-term debt 2 19 13 183
Total interest expense 11,951 6,651 28,292 19,785
Net interest income 133,319 122,683 393,918 360,422
Provision for loan and lease losses 4,500 2,100 13,400 4,700
Net interest income after provision for loan and lease losses 128,819 120,583 380,518 355,722
Noninterest income        
Service charges on deposit accounts 9,095 9,575 28,062 28,759
Credit and debit card fees 14,831 14,103 43,467 41,732
Other service charges and fees 8,510 8,768 25,717 26,909
Trust and investment services income 7,672 7,508 22,536 22,236
Bank-owned life insurance 3,119 7,115 10,624 13,263
Investment securities gains, net   30   25,761
Other 5,308 1,591 16,406 9,920
Total noninterest income 48,535 48,690 146,812 168,580
Noninterest expense        
Salaries and employee benefits 41,579 42,106 128,136 128,762
Contracted services and professional fees 10,834 10,430 33,530 33,124
Occupancy 5,844 4,870 16,188 14,991
Equipment 4,174 4,192 12,898 12,135
Regulatory assessment and fees 3,668 3,546 11,192 8,869
Advertising and marketing 2,005 1,769 5,255 4,818
Card rewards program 4,703 4,512 13,832 10,743
Other 10,848 11,379 32,204 32,899
Total noninterest expense 83,655 82,804 253,235 246,341
Income before provision for income taxes 93,699 86,469 274,095 277,961
Provision for income taxes 35,336 33,234 102,097 104,335
Net income $ 58,363 $ 53,235 $ 171,998 $ 173,626
Basic earnings per share (in dollars per share) $ 0.42 $ 0.38 $ 1.23 $ 1.24
Diluted earnings per share (in dollars per share) 0.42 0.38 1.23 1.24
Dividends declared per share (in dollars per share) $ 0.22 $ 0.20 $ 0.66 $ 0.42
Basic weighted-average outstanding shares (in shares) 139,556,532 139,500,542 139,549,665 139,473,360
Diluted weighted-average outstanding shares (in shares) 139,696,330 139,503,558 139,670,487 139,474,373