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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest Income        
Interest and fees on loans $ 186,773 $ 171,143 $ 547,647 $ 506,640
Interest and dividends on investment securities        
Taxable 17,922 14,232 54,439 42,487
Tax-exempt 3,752 4,023 11,726 11,447
Dividends 2,657 1,612 6,945 4,408
Interest on federal funds sold and other short-term investments 546 193 1,156 846
Total interest income 211,650 191,203 621,913 565,828
Interest on deposits        
Savings, NOW and money market 15,641 10,165 38,538 29,369
Time 10,852 9,412 30,571 28,220
Interest on short-term borrowings 5,161 3,545 14,578 8,537
Interest on long-term borrowings and junior subordinated debentures 15,142 13,935 41,883 45,948
Total interest expense 46,796 37,057 125,570 112,074
Net Interest Income 164,854 154,146 496,343 453,754
Provision for credit losses 1,640 5,840 7,742 8,069
Net Interest Income After Provision for Credit Losses 163,214 148,306 488,601 445,685
Non-Interest Income        
Trust and investment services 3,062 2,628 8,606 7,612
Insurance commissions 4,519 4,580 13,938 14,133
Service charges on deposit accounts 5,558 5,263 16,136 15,460
Gains (losses) on securities transactions, net 6 (10) 5 258
Fees from loan servicing 1,895 1,598 5,541 4,753
Gains on sales of loans, net 5,520 4,823 14,439 9,723
Bank owned life insurance 1,541 1,683 5,705 5,464
Other 3,987 4,288 11,467 13,162
Total non-interest income 26,088 24,853 75,837 70,565
Non-Interest Expense        
Salary and employee benefits expense 67,062 58,107 192,116 174,438
Net occupancy and equipment expense 22,756 20,658 68,400 65,615
FDIC insurance assessment 4,603 4,804 14,658 14,998
Amortization of other intangible assets 2,498 2,675 7,596 8,452
Professional and legal fees 11,110 4,031 20,107 13,398
Amortization of tax credit investments 8,389 6,450 21,445 21,360
Telecommunication expense 2,464 2,459 7,830 7,139
Other 13,683 14,084 40,604 45,896
Total non-interest expense 132,565 113,268 372,756 351,296
Income Before Income Taxes 56,737 59,891 191,682 164,954
Income tax expense 17,088 17,049 55,873 46,898
Net Income 39,649 42,842 135,809 118,056
Dividends on preferred stock 2,683 1,797 6,277 5,391
Net Income Available to Common Shareholders $ 36,966 $ 41,045 $ 129,532 $ 112,665
Earnings Per Common Share        
Basic (usd per share) $ 0.14 $ 0.16 $ 0.49 $ 0.44
Diluted (usd per share) 0.14 0.16 0.49 0.44
Cash Dividends Declared per Common Share (usd per share) $ 0.11 $ 0.11 $ 0.33 $ 0.33
Weighted Average Number of Common Shares Outstanding        
Basic (in shares) 264,058,174 254,473,994 263,938,786 254,310,769
Diluted (in shares) 264,936,220 254,940,307 264,754,845 254,698,593