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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans, including fees $ 237,653 $ 208,758 $ 467,032 $ 399,972
Securities:        
Taxable 12,243 11,748 25,783 22,970
Tax-exempt 12,556 8,350 24,228 15,635
Federal funds sold and other 3,399 2,128 6,691 3,935
Total interest income 265,851 230,984 523,734 442,512
Interest expense:        
Deposits 58,988 32,767 113,205 56,748
Securities sold under agreements to repurchase 142 143 287 273
Federal Home Loan Bank advances and other borrowings 17,803 15,838 34,078 28,784
Total interest expense 76,933 48,748 147,570 85,805
Net interest income 188,918 182,236 376,164 356,707
Provision for loan losses 7,195 9,402 14,379 16,333
Net interest income after provision for loan losses 181,723 172,834 361,785 340,374
Noninterest income:        
Total noninterest income 70,682 47,939 121,745 92,122
Noninterest expense:        
Salaries and employee benefits 75,620 64,112 145,996 127,831
Equipment and occupancy 23,844 18,208 43,175 35,951
Other real estate expense, net 2,523 819 2,769 25
Marketing and other business development 3,282 2,544 6,230 4,791
Postage and supplies 2,079 2,291 3,971 4,330
Amortization of intangibles 2,271 2,659 4,582 5,357
Merger-related expense 0 2,906 0 8,259
Other noninterest expense 18,067 17,369 35,014 32,944
Total noninterest expense 127,686 110,908 241,737 219,488
Income before income taxes 124,719 109,865 241,793 213,008
Income tax expense 24,398 23,000 47,512 42,633
Net income $ 100,321 $ 86,865 $ 194,281 $ 170,375
Per share information:        
Basic net income per common share (in dollars per share) $ 1.31 $ 1.13 $ 2.54 $ 2.21
Diluted net income per common share (in dollars per share) $ 1.31 $ 1.12 $ 2.53 $ 2.20
Weighted average shares outstanding:        
Basic (in shares) 76,343,608 77,123,854 76,572,120 77,101,816
Diluted (in shares) 76,611,657 77,468,082 76,866,163 77,417,930
Service charges on deposit accounts        
Noninterest income:        
Total noninterest income $ 8,940 $ 8,456 $ 17,482 $ 16,361
Investment services        
Noninterest income:        
Total noninterest income 5,803 5,074 11,207 10,319
Insurance sales commissions        
Noninterest income:        
Total noninterest income 2,147 2,048 5,075 5,167
Gain on mortgage loans sold, net        
Noninterest income:        
Total noninterest income 6,011 3,777 10,889 7,521
Gain on sale of investment securities, net        
Noninterest income:        
Total noninterest income (4,466) 0 (6,426) 30
Trust fees        
Noninterest income:        
Total noninterest income 3,461 3,564 6,756 6,681
Income from equity method investment        
Noninterest income:        
Total noninterest income 32,261 9,690 45,551 19,050
Other noninterest income        
Noninterest income:        
Total noninterest income $ 16,525 $ 15,330 $ 31,211 $ 26,993