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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST AND DIVIDEND INCOME    
Loans receivable, including fees $ 272,061 $ 253,542
Investment securities 15,247 11,193
Resale agreements 9,468 6,677
Restricted equity securities 777 795
Interest-bearing cash and deposits with banks 5,116 3,965
Total interest and dividend income 302,669 276,172
INTEREST EXPENSE    
Customer deposits 23,672 19,297
Federal funds purchased and other short-term borrowings 413 9
FHLB advances 2,030 1,500
Repurchase agreements 3,143 1,926
Long-term debt 1,289 1,236
Total interest expense 30,547 23,968
Net interest income before provision for credit losses 272,122 252,204
Provision for credit losses 7,068 1,440
Net interest income after provision for credit losses 265,054 250,764
NONINTEREST INCOME    
Branch fees 10,296 10,222
Letters of credit fees and foreign exchange income 11,069 9,553
Ancillary loan fees 4,982 3,577
Wealth management fees 4,530 3,051
Derivative fees and other income 2,506 2,543
Net gains on sales of loans 2,754 1,927
Net gains on sales of available-for-sale investment securities 2,474 3,842
Net gains on sales of fixed assets 72,007 189
Other fees and operating income 5,405 5,609
Total noninterest income 116,023 40,513
NONINTEREST EXPENSE    
Compensation and employee benefits 84,603 71,837
Occupancy and equipment expense 15,640 14,415
Deposit insurance premiums and regulatory assessments 5,929 5,418
Legal expense 3,062 3,007
Data processing 2,947 2,688
Consulting expense 1,919 8,452
Deposit related expenses 2,365 2,320
Computer software expense 3,968 2,741
Other operating expense 16,463 19,469
Amortization of tax credit and other investments 14,360 14,155
Amortization of core deposit intangibles 1,817 2,104
Total noninterest expense 153,073 146,606
INCOME BEFORE INCOME TAXES 228,004 144,671
INCOME TAX EXPENSE 58,268 37,155
NET INCOME $ 169,736 $ 107,516
EARNINGS PER SHARE (“EPS”)    
BASIC (in dollars per share) $ 1.18 $ 0.75
DILUTED (in dollars per share) $ 1.16 $ 0.74
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    
BASIC (in shares) 144,249 143,958
DILUTED (in shares) 145,732 144,803
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.2 $ 0.20