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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, including fees $ 122,290 $ 67,748 $ 197,210 $ 134,616
Investment securities        
Taxable 20,844 12,598 34,514 24,206
Tax-exempt 4,068 1,457 5,725 2,810
Total interest on investment securities 24,912 14,055 40,239 27,016
Other earning assets 177 (1,014) 284 (2,015)
Total interest income 147,379 80,789 237,733 159,617
Interest expense        
Deposits 14,794 8,679 25,092 15,604
Short-term borrowings 4,132 2,051 6,795 3,483
Long-term borrowings 4,474 1,539 6,055 3,078
Total interest expense 23,400 12,269 37,942 22,165
Net interest income 123,979 68,520 199,791 137,452
Provision for loan and lease losses 3,735 467 6,038 834
Net interest income after provision for loan and lease losses 120,244 68,053 193,753 136,618
Noninterest income        
Service charges on deposit accounts 9,568 4,772 14,607 9,416
Trust and wealth management fees 3,697 3,405 7,651 7,152
Bankcard income 5,343 3,501 8,737 6,636
Client derivative fees 1,463 1,489 3,220 2,592
Net gain from sales of loans 2,316 1,327 2,904 2,543
Net gain (loss) on sales of investment securities (30) 838 (30) 1,354
Other 5,899 2,122 8,105 5,125
Total noninterest income 28,256 17,454 45,194 34,818
Noninterest expenses        
Salaries and employee benefits 55,531 31,544 86,633 63,294
Net occupancy 6,631 4,302 11,128 8,817
Furniture and equipment 5,298 2,136 7,338 4,313
Data processing 14,304 3,501 17,976 6,799
Marketing 2,644 982 3,445 1,492
Communication 1,118 468 1,577 915
Professional services 5,659 1,469 7,857 3,227
State intangible tax 1,078 721 1,843 1,442
FDIC assessments 1,323 1,018 2,217 1,950
Loss (gain) - other real estate owned (283) 162 (206) 186
Other 9,452 5,253 15,235 10,166
Total noninterest expenses 102,755 51,556 155,043 102,601
Income before income taxes 45,745 33,951 83,904 68,835
Income tax expense 9,327 11,215 16,980 21,685
Net income $ 36,418 $ 22,736 $ 66,924 $ 47,150
Earnings per common share        
Basic $ 0.37 $ 0.37 $ 0.84 $ 0.77
Diluted 0.37 0.37 0.83 0.76
Cash dividends declared per share $ 0.19 $ 0.17 $ 0.38 $ 0.34
Average common shares outstanding - basic 97,347,533 61,543,478 79,599,709 61,471,347
Average common shares outstanding - diluted 98,432,072 62,234,022 80,629,495 62,187,473