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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, including fees $ 123,397 $ 71,148 $ 320,607 $ 205,764
Investment securities        
Taxable 21,801 13,150 56,315 37,356
Tax-exempt 3,807 1,537 9,532 4,347
Total interest on investment securities 25,608 14,687 65,847 41,703
Other earning assets 215 (917) 499 (2,932)
Total interest income 149,220 84,918 386,953 244,535
Interest expense        
Deposits 14,672 10,335 39,764 25,939
Short-term borrowings 6,052 2,566 12,847 6,049
Long-term borrowings 5,011 1,538 11,066 4,616
Total interest expense 25,735 14,439 63,677 36,604
Net interest income 123,485 70,479 323,276 207,931
Provision for loan and lease losses 3,238 2,953 9,276 3,787
Net interest income after provision for loan and lease losses 120,247 67,526 314,000 204,144
Noninterest income        
Service Charges on Deposit Accounts 10,316 5,169 24,923 14,585
Trust and wealth management fees 3,728 3,324 11,379 10,476
Bankcard income 5,261 3,272 13,998 9,908
Client derivative fees 3,029 1,779 6,249 4,371
Net gain from sales of loans 1,739 1,455 4,643 3,998
Net gain (loss) on sales of investment securities (167) 276 (197) 1,630
Other 4,778 7,667 12,883 12,792
Total noninterest income 28,684 22,942 73,878 57,760
Noninterest expenses        
Salaries and employee benefits 50,852 33,827 137,485 97,121
Net occupancy 6,765 4,328 17,893 13,145
Furniture and equipment 4,072 2,161 11,410 6,474
Data processing 4,502 3,455 22,478 10,254
Marketing 2,502 649 5,947 2,141
Communication 785 430 2,362 1,345
Professional services 2,621 2,030 10,478 5,257
State intangible tax 1,223 721 3,066 2,163
FDIC assessments 734 1,051 2,951 3,001
Loss (gain) - other real estate owned 538 237 332 423
Other 10,821 5,554 26,056 15,720
Total noninterest expenses 85,415 54,443 240,458 157,044
Income before income taxes 63,516 36,025 147,420 104,860
Income tax expense 12,859 11,199 29,839 32,884
Net income $ 50,657 $ 24,826 $ 117,581 $ 71,976
Earnings per common share        
Basic $ 0.52 $ 0.40 $ 1.37 $ 1.17
Diluted 0.51 0.40 1.36 1.16
Cash dividends declared per share $ 0.20 $ 0.17 $ 0.58 $ 0.51
Average common shares outstanding - basic 97,411,201 61,577,619 85,602,116 61,507,160
Average common shares outstanding - diluted 98,484,228 62,189,637 86,639,927 62,185,874