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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income    
Loans and leases, including fees $ 284,879 $ 238,069
Mortgage loans held for sale, including fees 1,054 1,154
Taxable securities 33,916 25,328
Tax-exempt securities 2,209 2,766
Other 4,026 3,226
Total interest and dividend income 326,084 270,543
Interest Expense    
Deposits 60,235 28,244
Short-term borrowings 5,716 2,524
Long-term debt 9,649 6,886
Total interest expense 75,600 37,654
Net interest income 250,484 232,889
Provision for credit losses 13,763 8,211
Net interest income after provision for credit losses 236,721 224,678
Non-interest income    
Income from bank owned life insurance 1,797 1,282
Securities gains (losses), net 0 (59)
Other non-interest income 4,051 3,089
Total non-interest income 52,509 44,566
Non-interest expense    
Salaries and employee benefits 98,296 104,586
Net occupancy and equipment 18,564 20,047
Communication and delivery 3,700 3,902
Marketing and business development 4,118 4,752
Computer services expense 9,157 12,393
Professional services 4,450 7,391
Credit and other loan related expense 2,859 4,393
Insurance 4,186 7,105
Travel and entertainment 2,430 3,237
Amortization of acquisition intangibles 5,009 5,102
Impairment of long-lived assets and other losses 1,064 8,757
Other non-interest expense 4,920 6,406
Total non-interest expense 158,753 188,071
Income before income tax expense 130,477 81,173
Income tax expense 30,346 17,552
Net income 100,131 63,621
Less: Preferred stock dividends 3,598 3,598
Net income available to common shareholders 96,533 60,023
Less: Earnings allocated to unvested restricted stock 933 639
Earnings allocated to common shareholders $ 95,600 $ 59,384
Earnings per common share - Basic (in usd per share) $ 1.76 $ 1.11
Earnings per common share - Diluted (in usd per share) 1.75 1.10
Cash dividends declared per common share (in usd per share) $ 0.43 $ 0.38
Comprehensive income    
Net income $ 100,131 $ 63,621
Unrealized gains (losses) on securities:    
Unrealized holding gains (losses) arising during the period (net of tax effects of $10,675 and $14,223, respectively) 41,408 (53,506)
Less: Reclassification adjustment for gains (losses) included in net income (net of tax effects of $0 and $13, respectively) 0 (46)
Unrealized gains (losses) on securities, net of tax 41,408 (53,460)
Fair value of derivative instruments designated as cash flow hedges:    
Change in fair value of derivative instruments designated as cash flow hedges during the period (net of tax effects of $471 and $678, respectively) (2,185) 2,549
Less: Reclassification adjustment for gains (losses) included in net income (net of tax effects of $75 and $31, respectively) (227) (116)
Fair value of derivative instruments designated as cash flow hedges, net of tax (1,958) 2,665
Other comprehensive income (loss), net of tax 39,450 (50,795)
Comprehensive income 139,581 12,826
Mortgage income    
Non-interest income    
Non-interest income 11,849 9,595
Service charges on deposit accounts    
Non-interest income    
Non-interest income 12,810 12,908
Title income    
Non-interest income    
Non-interest income 5,225 5,027
Broker commissions    
Non-interest income    
Non-interest income 1,953 2,221
ATM and debit card fee income    
Non-interest income    
Non-interest income 2,582 2,633
Credit card and merchant-related income    
Non-interest income    
Non-interest income 3,411 2,907
Trust department income    
Non-interest income    
Non-interest income 4,167 3,426
Commission Income [Member]    
Non-interest income    
Non-interest income $ 4,664 $ 1,537