XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income    
Loans and leases $ 251,982 $ 226,630
Investment securities:    
Total investment securities interest and dividend income 35,020 29,751
Overnight investments 5,599 4,476
Total interest income 292,601 260,857
Interest expense    
Deposits 3,756 4,436
Short-term borrowings 1,434 580
Long-term obligations 2,974 5,498
Total interest expense 8,164 10,514
Net interest income 284,437 250,343
Provision (credit) for loan and lease losses 7,605 8,231
Net interest income after provision for loan and lease losses 276,832 242,112
Noninterest income    
Gain on acquisitions 0 12,017
Cardholder services 14,782 11,907
Merchant services 6,177 6,693
Service charges on deposit accounts 26,543 22,142
Wealth management services 23,569 20,962
Securities gains (losses), net 0 (24)
Marketable equity securities gain (loss), net 971 0
Other service charges and fees 7,480 7,601
Mortgage income 4,237 7,576
Insurance commissions 3,776 3,558
ATM income 2,171 1,773
Adjustments for FDIC shared-loss receivable (1,478) (1,628)
Net Impact from FDIC shared-loss termination 0 (45)
Gain (Loss) on Extinguishment of Debt 25,814 0
Other 8,642 7,115
Total noninterest income 122,684 99,647
Noninterest expense    
Salaries and wages 129,203 116,362
Employee benefits 32,091 27,178
Occupancy expense 27,954 24,762
Equipment expense 24,974 24,588
Merchant processing   18,300
Cardholder processing   6,800
FDIC insurance expense 5,733 5,593
Foreclosure-related expenses 4,146 3,763
Merger-related expenses 598 833
Other 43,364 33,621
Total noninterest expense 268,063 236,700
Income before income taxes 131,453 105,059
Income taxes 31,222 37,438
Net income $ 100,231 $ 67,621
Average shares outstanding (in shares) 12,010,405 12,010,405
Net income per share $ 8.35 $ 5.63