XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans and lease financing $ 146,883 $ 130,283 $ 291,289 $ 253,834
Available-for-sale securities 24,784 27,397 49,270 56,390
Other 2,151 1,339 5,820 3,731
Total interest income 173,818 159,019 346,379 313,955
Interest expense        
Deposits 23,693 17,355 46,890 32,619
Short-term and long-term borrowings 4,512 261 8,787 261
Total interest expense 28,205 17,616 55,677 32,880
Net interest income 145,613 141,403 290,702 281,075
Provision for loan and lease losses 3,870 6,020 9,550 11,970
Net interest income after provision for loan and lease losses 141,743 135,383 281,152 269,105
Noninterest income        
Service charges on deposit accounts 8,123 7,721 16,183 15,676
Credit and debit card fees 16,629 16,929 33,284 32,426
Other service charges and fees 9,403 9,633 18,532 18,975
Trust and investment services income 8,931 7,711 17,549 15,942
Bank-owned life insurance 3,390 2,395 7,203 4,439
Investment securities gains (losses), net 21   (2,592)  
Other 2,276 5,408 5,686 11,039
Total noninterest income 48,773 49,797 95,845 98,497
Noninterest expense        
Salaries and employee benefits 42,185 41,636 87,045 83,796
Contracted services and professional fees 14,303 13,005 27,948 25,292
Occupancy 7,286 6,908 14,272 13,392
Equipment 4,544 4,335 8,828 8,923
Regulatory assessment and fees 2,149 4,225 3,596 8,198
Advertising and marketing 1,980 1,115 3,946 2,066
Card rewards program 7,664 6,359 14,396 12,077
Other 13,179 14,282 25,882 28,708
Total noninterest expense 93,290 91,865 185,913 182,452
Income before provision for income taxes 97,226 93,315 191,084 185,150
Provision for income taxes 24,793 24,262 48,727 48,139
Net income $ 72,433 $ 69,053 $ 142,357 $ 137,011
Basic earnings per share (in dollars per share) $ 0.54 $ 0.50 $ 1.06 $ 0.99
Diluted earnings per share (in dollars per share) $ 0.54 $ 0.50 $ 1.06 $ 0.99
Basic weighted-average outstanding shares (in shares) 134,420,380 137,907,063 134,655,217 138,749,209
Diluted weighted-average outstanding shares (in shares) 134,652,008 138,065,879 134,924,331 138,891,955