XML 15 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest Income        
Loans $ 157,680 $ 127,737 $ 302,484 $ 246,423
Investment securities 18,005 13,010 34,011 24,766
Other short-term investments 1,997 1,341 3,677 2,244
Total interest income 177,682 142,088 340,172 273,433
Interest Expense        
Deposits 19,316 8,032 35,918 14,211
Borrowed funds 4,459 3,513 8,010 6,992
Senior and subordinated debt 3,595 3,140 6,908 6,264
Total interest expense 27,370 14,685 50,836 27,467
Net interest income 150,312 127,403 289,336 245,966
Provision for loan losses 11,491 11,614 21,935 26,795
Net interest income after provision for loan losses 138,821 115,789 267,401 219,171
Noninterest Income        
Service charges on deposit accounts 12,196 12,058 23,736 23,710
Wealth management fees 12,190 10,981 23,790 21,939
Card-based fees 4,549 4,394 8,927 8,327
Capital market products income 2,154 2,819 3,433 4,377
Mortgage banking income 1,901 1,736 2,905 4,133
Other service charges, commissions, and fees 2,783 2,838 5,394 5,386
Other income 2,753 2,121 5,247 4,592
Total noninterest income 38,526 36,947 73,432 72,464
Noninterest Expense        
Salaries and employee benefits 58,692 57,932 116,065 114,719
Net occupancy and equipment expense 13,671 13,651 28,441 27,424
Professional services 10,467 8,298 18,255 15,878
Technology and related costs 4,908 4,837 9,504 9,608
Net OREO expense 294 (256) 975 812
Other expenses 16,154 13,939 29,107 25,542
Delivering Excellence implementation costs 442 15,015 700 15,015
Acquisition and integration related expenses 9,514 0 13,205 0
Total noninterest expense 114,142 113,416 216,252 208,998
Income before income tax expense 63,205 39,320 124,581 82,637
Income tax expense 16,191 9,720 31,509 19,527
Net income $ 47,014 $ 29,600 $ 93,072 $ 63,110
Per Common Share Data        
Basic earnings per common share (in dollars per share) $ 0.43 $ 0.29 $ 0.86 $ 0.61
Diluted earnings per common share (in dollars per share) 0.43 0.29 0.86 0.61
Dividends declared per common share (in dollars per share) $ 0.14 $ 0.11 $ 0.26 $ 0.22
Weighted-average common shares outstanding (in Shares) 108,467 102,159 107,126 102,041
Weighted-average diluted common shares outstanding (in Shares) 108,467 102,159 107,126 102,049