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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Loans and lease financing $ 144,691 $ 135,394 $ 435,980 $ 389,228
Available-for-sale securities 22,256 25,196 71,526 81,586
Other 3,234 3,462 9,054 7,193
Total interest income 170,181 164,052 516,560 478,007
Interest expense        
Deposits 22,753 20,205 69,643 52,824
Short-term and long-term borrowings 4,347 2,589 13,134 2,850
Total interest expense 27,100 22,794 82,777 55,674
Net interest income 143,081 141,258 433,783 422,333
Provision for loan and lease losses   4,460 9,550 16,430
Net interest income after provision for loan and lease losses 143,081 136,798 424,233 405,903
Noninterest income        
Service charges on deposit accounts 8,554 7,933 24,737 23,609
Credit and debit card fees 16,839 16,535 50,123 48,961
Other service charges and fees 8,903 9,578 27,435 28,553
Trust and investment services income 8,698 7,487 26,247 23,429
Bank-owned life insurance 5,743 3,692 12,946 8,131
Investment securities losses, net     (2,592)  
Other 1,243 2,180 6,929 13,219
Total noninterest income 49,980 47,405 145,825 145,902
Noninterest expense        
Salaries and employee benefits 44,955 41,959 132,000 125,755
Contracted services and professional fees 14,649 11,478 42,597 36,770
Occupancy 7,250 6,757 21,522 20,149
Equipment 4,024 4,181 12,852 13,104
Regulatory assessment and fees 1,992 3,966 5,588 12,164
Advertising and marketing 1,647 1,060 5,593 3,126
Card rewards program 6,930 5,805 21,326 17,882
Other 12,019 17,941 37,901 46,649
Total noninterest expense 93,466 93,147 279,379 275,599
Income before provision for income taxes 99,595 91,056 290,679 276,206
Provision for income taxes 25,396 23,668 74,123 71,807
Net income $ 74,199 $ 67,388 $ 216,556 $ 204,399
Basic earnings per share (in dollars per share) $ 0.56 $ 0.50 $ 1.62 $ 1.48
Diluted earnings per share (in dollars per share) $ 0.56 $ 0.50 $ 1.61 $ 1.48
Basic weighted-average outstanding shares (in shares) 132,583,902 135,466,669 133,957,192 137,643,005
Diluted weighted-average outstanding shares (in shares) 132,877,769 135,675,498 134,231,762 137,809,573