Quarterly Financial Data

12 Months Ended

Dec. 31, 2016

NOTE W—QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly financial data for 2016 and 2015 is summarized below (dollars in thousands, except for per share data):


(Dollars in thousands)	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
2016
Interest income	$	108,496	$	113,087	$	123,137	$	125,621
Interest expense		10,212		10,362		12,068		12,368
Net interest income		98,284		102,725		111,069		113,253
Provision for credit losses		4,035		7,667		6,988		5,819
Mortgage banking income		728		789		982		951
Securities gains (losses), net		4		213		1		62
Other noninterest income		15,660		16,965		18,038		15,639
Noninterest expense		58,056		64,855		62,777		62,508
Income taxes		17,879		16,378		18,846		22,472
Net income ⁽¹⁾		34,706		31,792		41,479		39,106

Per share data:
Average shares outstanding (000s):
Basic		69,497		71,484		76,219		76,864
Diluted		69,714		71,809		76,648		77,303
Net income per share:
Basic	$	0.50	$	0.44	$	0.54	$	0.51
Diluted	$	0.50	$	0.44	$	0.54	$	0.51
Dividends per share	$	0.33	$	0.33	$	0.33	$	0.33
2015
Interest income	$	104,549	$	105,532	$	106,309	$	107,240
Interest expense		9,800		9,630		9,991		10,085
Net interest income		94,749		95,902		96,318		97,155
Provision for credit losses		5,354		5,716		5,182		6,322
Mortgage banking income		545		663		665		634
Securities losses, net		12		3		111		29
Other noninterest income		17,634		18,832		17,036		17,462
Noninterest expense		57,655		57,730		57,684		58,618
Income taxes		15,304		17,145		16,217		16,864
Net income ⁽¹⁾		34,627		34,809		35,047		33,476

Per share data:
Average shares outstanding (000s):
Basic		69,208		69,306		69,391		69,432
Diluted		69,477		69,587		69,690		69,737
Net income per share:
Basic	$	0.50	$	0.50	$	0.50	$	0.48
Diluted	$	0.50	$	0.50	$	0.50	$	0.48
Dividends per share	$	0.32	$	0.32	$	0.32	$	0.33

(1)	For further information, see the related discussion “Quarterly Results” included in Management’s Discussion and Analysis.