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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Interest and fees on loans $ 171,143 $ 157,141 $ 506,640 $ 465,787
Interest and dividends on investment securities:        
Taxable 14,232 12,148 42,487 39,313
Tax-exempt 4,023 3,593 11,447 10,800
Dividends 1,612 1,658 4,408 5,013
Interest on federal funds sold and other short-term investments 193 150 846 516
Total interest income 191,203 174,690 565,828 521,429
Interest Expense        
Savings, NOW and money market 10,165 5,587 29,369 17,493
Time 9,412 9,535 28,220 25,637
Interest on short-term borrowings 3,545 126 8,537 427
Interest on long-term borrowings and junior subordinated debentures 13,935 25,482 45,948 75,649
Total interest expense 37,057 40,730 112,074 119,206
Net Interest Income 154,146 133,960 453,754 402,223
Provision for credit losses 5,840 94 8,069 4,594
Net Interest Income After Provision for Credit Losses 148,306 133,866 445,685 397,629
Non-Interest Income        
Trust and investment services 2,628 2,450 7,612 7,520
Insurance commissions 4,580 4,119 14,133 12,454
Service charges on deposit accounts 5,263 5,241 15,460 15,794
(Losses) gains on securities transactions, net (10) 157 258 2,481
Fees from loan servicing 1,598 1,703 4,753 4,948
Gains on sales of loans, net 4,823 2,014 9,723 3,034
Gains (losses) on sales of assets, net 310 (558) 1,009 (77)
Bank owned life insurance 1,683 1,806 5,464 5,188
Change in FDIC loss-share receivable (313) (55) (872) (3,380)
Other 4,291 4,042 13,025 11,802
Total non-interest income 24,853 20,919 70,565 59,764
Non-Interest Expense        
Salary and employee benefits expense 58,107 54,315 174,438 165,601
Net occupancy and equipment expense 20,658 21,526 65,615 65,858
FDIC insurance assessment 4,804 4,168 14,998 11,972
Amortization of other intangible assets 2,675 2,232 8,452 6,721
Professional and legal fees 4,031 4,643 13,398 12,043
Amortization of tax credit investments 6,450 5,224 21,360 14,231
Telecommunication expense 2,459 2,050 7,139 6,101
Other 14,084 14,494 45,896 41,655
Total non-interest expense 113,268 108,652 351,296 324,182
Income Before Income Taxes 59,891 46,133 164,954 133,211
Income tax expense 17,049 10,179 46,898 34,925
Net Income 42,842 35,954 118,056 98,286
Dividends on preferred stock 1,797 2,017 5,391 2,017
Net Income Available to Common Shareholders $ 41,045 $ 33,937 $ 112,665 $ 96,269
Earnings Per Common Share:        
Basic (in usd per share) $ 0.16 $ 0.15 $ 0.44 $ 0.41
Diluted (in usd per share) 0.16 0.15 0.44 0.41
Cash Dividends Declared per Common Share (in usd per share) $ 0.11 $ 0.11 $ 0.33 $ 0.33
Weighted Average Number of Common Shares Outstanding:        
Basic (in shares) 254,473,994 232,737,953 254,310,769 232,548,840
Diluted (in shares) 254,940,307 232,780,219 254,698,593 232,565,695