Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.7.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and fee income:    
Loans and leases $ 675,934 $ 463,422
Available-for-sale and other securities    
Taxable 76,109 39,614
Tax-exempt 18,862 13,019
Held-to-maturity securities—taxable 45,195 36,789
Other 4,260 4,407
Total interest income 820,360 557,251
Interest expense:    
Deposits 34,790 23,018
Short-term borrowings 5,866 898
Federal Home Loan Bank advances 66 69
Subordinated notes and other long-term debt 49,663 30,200
Total interest expense 90,385 54,185
Net interest income 729,975 503,066
Provision for credit losses 67,638 27,582
Net interest income after provision for credit losses 662,337 475,484
Service charges on deposit accounts 83,420 70,262
Cards and payment processing income 47,169 36,447
Mortgage banking income 31,692 18,543
Trust and investment management services 33,869 22,838
Insurance income 15,264 16,225
Brokerage income 15,758 15,502
Capital markets fees 14,200 13,010
Bank owned life insurance income 17,542 13,513
Gain on sale of loans 12,822 5,395
Net gains on sales of securities 16 0
Other noninterest income 40,735 30,132
Total noninterest income 312,463 241,867
Personnel costs 382,000 285,397
Outside data processing and other services 87,202 61,878
Equipment 46,700 32,576
Net occupancy 67,700 31,476
Professional services 18,295 13,538
Marketing 13,923 12,268
Deposit and other insurance expense 20,099 11,208
Amortization of intangibles 14,355 3,712
Other noninterest expense 57,148 39,027
Total noninterest expense 707,422 491,080
Income before income taxes 267,378 226,271
Provision for income taxes 59,284 54,957
Net income 208,094 171,314
Dividends on preferred shares 18,878 7,998
Net income applicable to common shares $ 189,216 $ 163,316
Average common shares—basic (in shares) 1,086,374 795,755
Average common shares—diluted (in shares) 1,108,617 808,349
Per common share:    
Net income—basic (in usd per share) $ 0.17 $ 0.21
Net income—diluted (in usd per share) 0.17 0.20
Cash dividends declared (in usd per share) $ 0.08 $ 0.07
OTTI losses for the periods presented:    
Total OTTI losses $ (26) $ (3,733)
Noncredit-related portion of loss recognized in OCI 2 3,733
Impairment losses recognized in earnings on available-for-sale securities $ (24) $ 0