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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income        
Loans and leases $ 261,086 $ 235,732 $ 513,068 $ 462,362
Investment securities:        
Total investment securities interest and dividend income 37,179 30,406 72,199 60,157
Overnight investments 5,612 6,404 11,211 10,880
Total interest income 303,877 272,542 596,478 533,399
Interest expense        
Deposits 4,521 4,132 8,277 8,568
Short-term borrowings 821 1,176 2,255 1,756
Long-term obligations 2,316 5,625 5,290 11,123
Total interest expense 7,658 10,933 15,822 21,447
Net interest income 296,219 261,609 580,656 511,952
Provision (credit) for loan and lease losses 8,438 12,324 16,043 20,555
Net interest income after provision for loan and lease losses 287,781 249,285 564,613 491,397
Noninterest income        
Gain on acquisitions 0 122,728 0 134,745
Revenue from contract with customers 90,486 84,770 179,221 166,981
Securities gains (losses), net 0 3,351 0 3,327
Marketable equity securities gain (loss), net 4,440 0 5,411 0
Net Impact from FDIC shared-loss termination 0 0 0 (45)
Gain (Loss) on Extinguishment of Debt 0 0 25,814 0
Other 6,001 6,792 13,165 12,279
Total noninterest income 100,927 217,641 223,611 317,287
Noninterest expense        
Salaries and wages 129,841 121,826 259,044 238,188
Employee benefits 29,715 25,383 61,806 52,560
Occupancy expense 26,100 26,059 54,054 50,821
Equipment expense 25,167 24,654 50,141 49,242
Merchant processing       20,800
Cardholder processing       6,800
FDIC insurance expense 5,492 5,705 11,225 11,298
Foreclosure-related expenses 3,974 2,376 8,120 6,139
Merger-related expenses 2,412 6,853 3,010 7,686
Other 43,292 42,191 86,656 75,812
Total noninterest expense 265,993 255,047 534,056 491,746
Income before income taxes 122,715 211,879 254,168 316,938
Income taxes 29,424 77,219 60,646 114,657
Net income $ 93,291 $ 134,660 $ 193,522 $ 202,281
Average shares outstanding (in shares) 12,010,405 12,010,405 12,010,405 12,010,405
Net income per share $ 7.77 $ 11.21 $ 16.11 $ 16.84
Cardholder services, net        
Noninterest income        
Revenue from contract with customers $ 14,925 $ 14,518 $ 29,707 $ 27,361
Merchant services, net        
Noninterest income        
Revenue from contract with customers 6,478 5,800 12,655 11,556
Service charges on deposit accounts        
Noninterest income        
Revenue from contract with customers 25,952 25,862 52,495 48,004
Wealth management services        
Noninterest income        
Revenue from contract with customers 25,515 21,920 49,084 42,882
Other service charges and fees        
Noninterest income        
Revenue from contract with customers 7,756 6,628 15,236 14,229
Mortgage income        
Noninterest income        
Revenue from contract with customers 4,703 4,966 8,940 12,542
Insurance commissions        
Noninterest income        
Revenue from contract with customers 2,940 2,563 6,716 6,121
ATM income        
Noninterest income        
Revenue from contract with customers $ 2,217 $ 2,513 $ 4,388 $ 4,286