XML 20 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Loans $ 428,197 $ 324,229 $ 291,465
Taxable securities 55,969 38,659 35,167
Tax-exempt securities 12,201 11,045 11,121
Deposits in banks 702 813 216
Total interest income 497,069 374,746 337,969
Interest Expense      
Deposits 12,105 4,800 3,134
Federal Home Loan Bank advances 3,750 1,078 671
Interest Expense, Subordinated Notes and Debentures 1,871 304 0
Other borrowings 504 575 545
Total interest expense 18,230 6,757 4,350
Net Interest Income 478,839 367,989 333,619
Provision for loan and lease losses 14,769 8,631 10,778
Net interest income after provision for loan and lease losses 464,070 359,358 322,841
Noninterest Income      
Deposit account and treasury management fees 36,072 30,381 28,500
Card revenue 19,719 25,627 23,620
Financial services and trust revenue 12,135 11,478 11,266
Loan revenue 11,866 12,399 10,967
Merchant processing revenue 0 4,283 8,732
Bank owned life insurance 6,007 5,380 4,546
Investment securities gains (losses), net (89) (11) 1,181
Gain on sale of merchant card services portfolio 0 14,000 0
Change in FDIC loss sharing asset 0 (447) (2,585)
Other 2,546 6,552 1,855
Total noninterest income 88,256 109,642 88,082
Noninterest Expense      
Compensation and employee benefits 200,199 169,674 150,282
Occupancy 36,576 32,407 33,734
Merchant processing 0 2,196 4,330
Advertising and promotion 5,584 4,466 4,598
Data processing 20,235 18,205 16,488
Legal and professional fees 18,044 15,151 7,889
Taxes, licenses and fees 6,061 4,773 5,185
Regulatory premiums 3,710 3,183 3,777
Net cost of operation of other real estate owned 1,218 468 551
Amortization of intangibles 12,236 6,333 5,946
Other 36,627 34,161 28,362
Total noninterest expense 340,490 291,017 261,142
Income before income taxes 211,836 177,983 149,781
Income tax provision 38,954 65,155 44,915
Net Income $ 172,882 $ 112,828 $ 104,866
Per Common Share      
Basic earnings per common share $ 2.36 [1] $ 1.86 [1] $ 1.81
Diluted earnings per common share $ 2.36 [1] $ 1.86 [1] $ 1.81
Weighted average number of common shares outstanding 72,385 59,882 57,184
Weighted average number of diluted common shares outstanding 72,390 59,888 57,193
[1] Due to averaging of shares, quarterly earnings per share may not add up to the totals reported for the full year.