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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income      
Loans and leases $ 955,637 $ 876,472 $ 874,892
Investment securities:      
U. S. Treasury 17,657 11,837 15,353
Government agency 634 2,883 6,843
Residential mortgage-backed securities 98,341 79,336 65,815
Corporate bonds 3,877 1,783 0
Other 698 912 239
Total investment securities interest and dividend income 121,207 96,751 88,250
Overnight investments 26,846 14,534 6,067
Total interest income 1,103,690 987,757 969,209
Interest expense      
Deposits 16,196 18,169 21,230
Short-term borrowings 4,838 1,965 4,660
Long-term obligations 22,760 22,948 18,414
Total interest expense 43,794 43,082 44,304
Net interest income (loss) 1,059,896 944,675 924,905
Provision for loan and lease losses 25,692 32,941 20,664
Net interest income after provision for loan and lease losses 1,034,204 911,734 904,241
Noninterest income      
Gain on acquisitions 134,745 5,831 42,930
Cardholder services 95,365 83,417 77,342
Merchant services 103,962 95,774 84,207
Service charges on deposit accounts 101,201 89,359 90,546
Wealth management services 86,719 80,221 82,865
Securities gains (losses) 4,293 26,673 10,817
Other service charges and fees 28,321 27,011 23,987
Mortgage income 23,251 20,348 18,168
Insurance commissions 12,465 11,150 11,757
ATM income 9,143 7,283 7,119
Adjustments to FDIC receivable (6,232) (9,725) (19,009)
Net impact from FDIC shared-loss termination (45) 16,559 0
Other 47,841 34,170 36,359
Total noninterest income 641,029 488,071 467,088
Noninterest expense      
Salaries and wages 475,214 428,351 429,742
Employee benefits 113,231 104,518 113,309
Occupancy expense 104,690 102,609 98,191
Equipment expense 97,478 92,501 92,639
Merchant processing 78,537 71,150 62,473
Cardholder processing 30,573 29,207 25,296
FDIC insurance expense 22,191 20,967 18,340
Foreclosure-related expenses 14,407 13,379 12,311
Merger-related expenses 9,015 5,341 14,174
Other 186,199 180,715 172,440
Total noninterest expense 1,131,535 1,048,738 1,038,915
Income before income taxes 543,698 351,067 332,414
Income taxes 219,946 125,585 122,028
Net income $ 323,752 $ 225,482 $ 210,386
Average shares outstanding (in shares) 12,010,405 12,010,405 12,010,405
Cash dividends (in dollars per share) $ 1.25 $ 1.20 $ 1.20
Net income per share $ 26.96 $ 18.77 $ 17.52