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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income      
Loans $ 448,927 $ 406,222 $ 302,917
Securities and other 60,586 59,672 52,159
Total interest and dividend income 509,513 465,894 355,076
Interest expense      
Deposits 115,193 78,364 43,855
Borrowings and subordinated notes 29,062 31,330 20,258
Total interest expense 144,255 109,694 64,113
Net interest income 365,258 356,200 290,963
Non-interest income      
Other 1,438 3,557 (3,377)
Gain/(loss) on securities, net 4,389 (3,719) 12,598
Gain on sale of business operations and assets, net 1,351 460 296
Loss on termination of hedges 0 0 (6,629)
Total non-interest income 84,002 74,324 74,244
Total net revenue 449,260 430,524 365,207
Provision for loan losses 35,419 25,451 21,025
Non-interest expense      
Compensation and benefits 140,906 134,019 120,015
Occupancy and equipment 39,586 36,927 31,730
Technology and communications 26,523 27,147 24,450
Marketing and promotion 4,474 4,697 6,528
Professional services 10,798 7,343 7,507
FDIC premiums and assessments 3,861 5,734 6,457
Other real estate owned and foreclosures 154 68 44
Amortization of intangible assets 5,783 4,934 3,493
Merger, restructuring and conversion related expenses 28,046 22,144 31,558
Other 29,726 23,880 21,196
Total non-interest expense 289,857 266,893 252,978
Income from continuing operations before income taxes 123,984 138,180 91,204
Income tax expense from continuing operations 22,463 28,961 42,088
Net income from continuing operations 101,521 109,219 49,116
(Loss)/income from discontinued operations before income taxes (5,539) (4,767) 8,545
Income tax (benefit)/expense from discontinued operations (1,468) (1,313) 2,414
Net (loss)/income from discontinued operations (4,071) (3,454) 6,131
Net income 97,450 105,765 55,247
Preferred stock dividend 960 918 219
Income available to common shareholders $ 96,490 $ 104,847 $ 55,028
Basic earnings/(loss) per share:      
Continuing Operations (USD per share) $ 2.06 $ 2.38 $ 1.24
Discontinued operations (USD per share) (0.08) (0.08) 0.16
Basic earnings per share (USD per share) 1.98 2.30 1.40
Diluted earnings/(loss) per share:      
Continuing Operations (USD per share) 2.05 2.36 1.24
Discontinued operations (USD per share) (0.08) (0.07) 0.15
Diluted earnings per share (USD per share) $ 1.97 $ 2.29 $ 1.39
Weighted average common shares outstanding:      
Basic (shares) 49,263 46,024 39,456
Diluted (shares) 49,421 46,231 39,695
Total fee income      
Non-interest income      
Total non-interest income $ 76,824 $ 74,026 $ 71,356
Mortgage banking income      
Non-interest income      
Total non-interest income 788 635 2,786
Loan related income      
Non-interest income      
Total non-interest income 24,374 23,155 21,421
Deposit related fees      
Non-interest income      
Total non-interest income 31,352 29,806 27,165
Insurance commissions and fees      
Non-interest income      
Total non-interest income 10,957 10,983 10,589
Wealth management fees      
Non-interest income      
Total non-interest income $ 9,353 $ 9,447 $ 9,395