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Income Statement

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Income Statement 
 2014 Y2015 Y2016 Y2017 Y2018 Q3 YTD
Source Document12/31/201612/31/201712/31/201712/31/20179/30/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
INTEREST INCOME 
Loans 245,278308,325386,274461,301405,231
Securities 
Taxable interest 76,20475,32773,56073,12560,566
Tax-exempt interest 39,20943,59857,51673,41955,274
Total securities income 115,413118,925131,076146,544115,840
Federal funds and resell agreements 2596972,7083,7002,455
Interest-bearing due from banks 2,5252,3562,3413,8714,149
Trading securities 3963786321,4961,567
Total interest income 363,871430,681523,031616,912529,242
INTEREST EXPENSE 
Deposits 12,24214,26917,93636,35457,961
Federal funds and repurchase agreements 1,6161,7856,52417,90618,922
Other (42)2,5603,2483,7393,721
Total interest expense 13,81618,61427,70857,99980,604
Net interest income 350,055412,067495,323558,913448,638
Provision for loan losses 17,00015,50032,50041,00022,750
Net interest income after provision for loan losses 333,055396,567462,823517,913425,888
NONINTEREST INCOME 
Trust and securities processing 288,054166,261166,315176,646130,272
Trading and investment banking 19,39820,21821,42223,18312,465
Service charges on deposit accounts 85,29986,46086,66287,68063,554
Insurance fees and commissions 3,0112,5304,1881,972980
Brokerage fees 10,76111,75317,83323,20819,046
Bankcard fees 67,25069,21168,74973,03052,145
Gain on sales of securities available for sale, net 4,12710,4028,5094,192578
Equity (losses) earnings on alternative investments 3,975(12,188)2,695(1,108)NA
Other 16,81316,01226,13834,75927,659
Total noninterest income 498,688370,659402,511423,562306,699
NONINTEREST EXPENSE 
Salaries and employee benefits 358,569367,606390,059413,830315,099
Occupancy, net 40,19743,27444,25544,46233,394
Equipment 53,60962,57166,33772,00856,201
Supplies and services 20,41117,98818,53517,17312,434
Marketing and business development 24,14821,99621,20821,46917,889
Processing fees 56,04936,14936,00542,33135,029
Legal and consulting 20,40726,18620,80123,40618,774
Bankcard 19,59420,28820,75719,47113,198
Amortization of other intangible assets 12,1938,1718,6957,3264,432
Regulatory fees 10,44512,12514,17815,52710,014
Contingency reserve 20,272NANANANA
Other 29,78622,58425,91528,12617,015
Total noninterest expense 665,680638,938666,745705,129533,479
Income before income taxes 166,063128,288198,589236,346199,108
Income tax expense 45,40831,73044,95553,37028,302
Income from continuing operations NA96,558153,634182,976170,806
Discontinued Operations 
Loss from discontinued operations before income taxes NA30,9978,415101,226(917)
Income tax benefit NA9,08132,995(3,880)(170)
Loss from discontinued operations NA0.000.000.00(747)
NET INCOME 120,655116,073158,801247,105170,059
PER SHARE DATA 
Basic 
Income from continuing operations NA2.053.153.723.45
Loss from discontinued operations NA19,515,0005,167,00064,129,000(0.01)
Net income - basic 2.692.463.255.023.44
Diluted 
Income from continuing operations NA2.033.123.673.41
Loss from discontinued operations NA0.410.11.29(0.01)
Net income - diluted 2.652.443.224.963.4
Dividends NANANANA0.87
Weighted average shares outstanding - basic 44,844,57847,126,25248,828,31349,223,66149,482,087
Weighted average shares outstanding - diluted 45,445,28347,579,33449,277,05549,839,29049,952,984
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net income 120,655116,073158,801247,105170,059
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(133,013)
Less - Reclassification adjustment for gains included in net income (4,127)(10,402)(8,509)(4,192)(578)
Change in unrealized gains and losses on debt securities during the period 70,020(23,795)(86,303)16,947(133,591)
Change in unrealized gains and losses on derivative hedges 0(10)(516)(1,050)4,274
Income tax benefit (expense) (26,374)11,4823,24837,09732,250
Other comprehensive (loss) income before reclassifications NANANANA(97,067)
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(110,116)
Comprehensive income 164,301101,349104,977259,12259,943


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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