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Income Statement

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Income Statement 
 2014 Y2015 Y2016 Y2017 Y2018 Q2 YTD
Source Document12/31/201612/31/201712/31/201712/31/20176/30/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
INTEREST INCOME 
Loans 245,278308,325386,274461,301261,284
Securities 
Taxable interest 76,20475,32773,56073,12540,303
Tax-exempt interest 39,20943,59857,51673,41936,993
Total securities income 115,413118,925131,076146,54477,296
Federal funds and resell agreements 2596972,7083,7001,790
Interest-bearing due from banks 2,5252,3562,3413,8712,636
Trading securities 3963786321,4961,139
Total interest income 363,871430,681523,031616,912344,145
INTEREST EXPENSE 
Deposits 12,24214,26917,93636,35432,169
Federal funds and repurchase agreements 1,6161,7856,52417,90611,398
Other (42)2,5603,2483,7392,430
Total interest expense 13,81618,61427,70857,99945,997
Net interest income 350,055412,067495,323558,913298,148
Provision for loan losses 17,00015,50032,50041,00017,000
Net interest income after provision for loan losses 333,055396,567462,823517,913281,148
NONINTEREST INCOME 
Trust and securities processing 288,054166,261166,315176,64686,847
Trading and investment banking 19,39820,21821,42223,1838,754
Service charges on deposit accounts 85,29986,46086,66287,68042,627
Insurance fees and commissions 3,0112,5304,1881,972641
Brokerage fees 10,76111,75317,83323,20812,644
Bankcard fees 67,25069,21168,74973,03035,307
Gain on sales of securities available for sale, net 4,12710,4028,5094,192367
Equity (losses) earnings on alternative investments 3,975(12,188)2,695(1,108)NA
Other 16,81316,01226,13834,75918,627
Total noninterest income 498,688370,659402,511423,562205,814
NONINTEREST EXPENSE 
Salaries and employee benefits 358,569367,606390,059413,830212,143
Occupancy, net 40,19743,27444,25544,46221,766
Equipment 53,60962,57166,33772,00837,668
Supplies and services 20,41117,98818,53517,1737,906
Marketing and business development 24,14821,99621,20821,46911,218
Processing fees 56,04936,14936,00542,33122,698
Legal and consulting 20,40726,18620,80123,40610,304
Bankcard 19,59420,28820,75719,4718,791
Amortization of other intangible assets 12,1938,1718,6957,3263,047
Regulatory fees 10,44512,12514,17815,5276,677
Contingency reserve 20,272NANANANA
Other 29,78622,58425,91528,12610,876
Total noninterest expense 665,680638,938666,745705,129353,094
Income before income taxes 166,063128,288198,589236,346133,868
Income tax expense 45,40831,73044,95553,37020,911
Income from continuing operations NA96,558153,634182,976112,957
Discontinued Operations 
(Loss) income from discontinued operations before income taxes NA30,9978,415101,226(917)
Income tax (benefit) expense (26,374)11,4823,24837,097(170)
(Loss) income from discontinued operations NA19,5155,16764,129(747)
NET INCOME 120,655116,073158,801247,105112,210
PER SHARE DATA 
Basic 
Income from continuing operations NA2.053.153.722.28
(Loss) income from discontinued operations NA0.410.11.3(0.01)
Net income - basic 2.692.463.255.022.27
Diluted 
Income from continuing operations NA2.033.123.672.26
(Loss) income from discontinued operations NA0.410.11.29(0.01)
Net income - diluted 2.652.443.224.962.25
Dividends NANANANA0.58
Weighted average shares outstanding - basic 44,844,57847,126,25248,828,31349,223,66149,486,626
Weighted average shares outstanding - diluted 45,445,28347,579,33449,277,05549,839,29049,973,992
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net income 120,655116,073158,801247,105112,210
Other comprehensive (loss) income, net of tax 
Unrealized gains and losses on debt securities 
Change in unrealized holding gains and losses, net 74,147(13,393)(77,794)21,139(96,682)
Less - Reclassification adjustment for gains included in net income (4,127)(10,402)(8,509)(4,192)(367)
Change in unrealized gains and losses on debt securities during the period 70,020(23,795)(86,303)16,947(97,049)
Change in unrealized gains and losses on derivative hedges 0(10)(516)(1,050)3,112
Income tax benefit (expense) NA9,08132,995(3,880)23,552
Other comprehensive (loss) income before reclassifications NANANANA(70,385)
Amounts reclassified from accumulated other comprehensive income NANANANA(13,049)
Net current-period other comprehensive (loss) income 43,646(14,724)(53,824)12,017(83,434)
Comprehensive income 164,301101,349104,977259,12228,776


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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