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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income    
Loans and leases $ 290,922 $ 251,982
Investment securities and dividend income 39,605 35,020
Overnight investments 6,397 5,599
Total interest income 336,924 292,601
Interest expense    
Deposits 12,926 3,756
Short-term borrowings 459 404
Federal home loan bank borrowings 1,285 2,384
Subordinated debentures 1,672 1,441
Long-term obligations 110 179
Total interest expense 16,452 8,164
Net interest income 320,472 284,437
Provision (credit) for loan and lease losses 11,750 7,605
Net interest income after provision for loan and lease losses 308,722 276,832
Noninterest income    
Marketable equity securities gains, net 11,328 971
Gain on extinguishment of debt 0 25,814
Other 3,919 7,164
Total noninterest income 103,663 122,684
Noninterest expense    
Salaries and wages 132,421 129,203
Employee benefits 32,535 32,091
Occupancy expense 27,761 27,954
Equipment expense 26,740 24,974
FDIC insurance expense 2,660 5,733
Collection and foreclosure-related expenses 3,022 4,146
Merger-related expenses 1,719 598
Processing fees paid to third parties 7,089 8,196
Other 33,710 35,168
Total noninterest expense 267,657 268,063
Income before income taxes 144,728 131,453
Income taxes 33,369 31,222
Net income $ 111,359 $ 100,231
Average shares outstanding (in shares) 11,519,008 12,010,405
Net income per share $ 9.67 $ 8.35
Cardholder services, net    
Noninterest income    
Revenue from contract with customers $ 16,633 $ 14,782
Merchant services, net    
Noninterest income    
Revenue from contract with customers 5,835 6,177
Service charges on deposit accounts    
Noninterest income    
Revenue from contract with customers 25,065 26,543
Wealth management services    
Noninterest income    
Revenue from contract with customers 25,001 23,569
Other service charges and fees    
Noninterest income    
Revenue from contract with customers 7,422 7,480
Mortgage income    
Noninterest income    
Revenue from contract with customers 3,658 4,237
Insurance commissions    
Noninterest income    
Revenue from contract with customers 3,291 3,776
ATM income    
Noninterest income    
Revenue from contract with customers $ 1,511 $ 2,171