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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Loans and lease financing $ 135,394 $ 118,986 $ 389,228 $ 342,431
Available-for-sale securities 25,196 24,195 81,586 75,683
Other 3,462 2,089 7,193 4,096
Total interest income 164,052 145,270 478,007 422,210
Interest expense        
Deposits 20,205 11,949 52,824 28,279
Short-term and long-term borrowings 2,589 2 2,850 13
Total interest expense 22,794 11,951 55,674 28,292
Net interest income 141,258 133,319 422,333 393,918
Provision for loan and lease losses 4,460 4,500 16,430 13,400
Net interest income after provision for loan and lease losses 136,798 128,819 405,903 380,518
Noninterest income:        
Service charges on deposit accounts 7,933 8,929 23,609 27,548
Credit and debit card fees 16,535 16,126 48,961 48,450
Other service charges and fees 9,578 8,510 28,553 25,717
Trust and investment services income 7,487 7,672 23,429 22,536
Bank-owned life insurance 3,692 3,119 8,131 10,624
Other 2,180 5,308 13,219 16,406
Total noninterest income 47,405 49,664 145,902 151,281
Noninterest expense:        
Salaries and employee benefits 41,959 38,687 125,755 119,459
Contracted services and professional fees 11,478 10,834 36,770 33,530
Occupancy 6,757 6,238 20,149 17,382
Equipment 4,181 4,174 13,104 12,898
Regulatory assessment and fees 3,966 3,668 12,164 11,192
Advertising and marketing 1,060 2,005 3,126 5,255
Card rewards program 5,805 5,438 17,882 17,107
Other 17,941 13,740 46,649 40,881
Total noninterest expense 93,147 84,784 275,599 257,704
Income before provision for income taxes 91,056 93,699 276,206 274,095
Provision for income taxes 23,668 35,336 71,807 102,097
Net income $ 67,388 $ 58,363 $ 204,399 $ 171,998
Basic earnings per share (in dollars per share) $ 0.50 $ 0.42 $ 1.48 $ 1.23
Diluted earnings per share (in dollars per share) 0.50 0.42 1.48 1.23
Dividends declared per share (in dollars per share) $ 0.24 $ 0.22 $ 0.72 $ 0.66
Basic weighted-average outstanding shares (in shares) 135,466,669 139,556,532 137,643,005 139,549,665
Diluted weighted-average outstanding shares (in shares) 135,675,498 139,696,330 137,809,573 139,670,487