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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Loans and lease financing $ 130,283 $ 114,179 $ 253,834 $ 223,445
Available-for-sale securities 27,397 25,059 56,390 51,488
Other 1,339 781 3,731 2,007
Total interest income 159,019 140,019 313,955 276,940
Interest expense        
Deposits 17,355 8,760 32,619 16,330
Short-term borrowings and long-term debt 261 5 261 11
Total interest expense 17,616 8,765 32,880 16,341
Net interest income 141,403 131,254 281,075 260,599
Provision for loan and lease losses 6,020 4,400 11,970 8,900
Net interest income after provision for loan and lease losses 135,383 126,854 269,105 251,699
Noninterest income:        
Service charges on deposit accounts 7,721 9,238 15,676 18,619
Credit and debit card fees 16,929 16,019 32,426 32,324
Other service charges and fees 9,633 8,110 18,975 17,207
Trust and investment services income 7,711 7,526 15,942 14,864
Bank-owned life insurance 2,395 2,927 4,439 7,505
Other 5,408 6,738 11,039 11,098
Total noninterest income 49,797 50,558 98,497 101,617
Noninterest expense:        
Salaries and employee benefits 41,636 40,364 83,796 80,772
Contracted services and professional fees 13,005 12,388 25,292 22,696
Occupancy 6,908 5,435 13,392 11,144
Equipment 4,335 4,527 8,923 8,724
Regulatory assessment and fees 4,225 3,750 8,198 7,524
Advertising and marketing 1,115 1,222 2,066 3,250
Card rewards program 6,359 5,894 12,077 11,669
Other 14,282 13,349 28,708 27,141
Total noninterest expense 91,865 86,929 182,452 172,920
Income before provision for income taxes 93,315 90,483 185,150 180,396
Provision for income taxes 24,262 33,588 48,139 66,761
Net income $ 69,053 $ 56,895 $ 137,011 $ 113,635
Basic earnings per share (in dollars per share) $ 0.50 $ 0.41 $ 0.99 $ 0.81
Diluted earnings per share (in dollars per share) 0.50 0.41 0.99 0.81
Dividends declared per share (in dollars per share) $ 0.24 $ 0.22 $ 0.48 $ 0.44
Basic weighted-average outstanding shares (in shares) 137,907,063 139,546,615 138,749,209 139,546,174
Diluted weighted-average outstanding shares (in shares) 138,065,879 139,646,117 138,891,955 139,644,557