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Income Statement

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Income Statement 
 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
INTEREST INCOME 
Loans 245,278308,325386,274461,301126,134
Securities 
Taxable interest 76,20475,32773,56073,12519,780
Tax-exempt interest 39,20943,59857,51673,41918,703
Total securities income 115,413118,925131,076146,54438,483
Federal funds and resell agreements 2596972,7083,7001,038
Interest-bearing due from banks 2,5252,3562,3413,8711,580
Trading securities 3963786321,496430
Total interest income 363,871430,681523,031616,912167,665
INTEREST EXPENSE 
Deposits 12,24214,26917,93636,35413,835
Federal funds and repurchase agreements 1,6161,7856,52417,9064,732
Other (42)2,5603,2483,7391,176
Total interest expense 13,81618,61427,70857,99919,743
Net interest income 350,055412,067495,323558,913147,922
Provision for loan losses 17,00015,50032,50041,00010,000
Net interest income after provision for loan losses 333,055396,567462,823517,913137,922
NONINTEREST INCOME 
Trust and securities processing 288,054166,261166,315176,64644,002
Trading and investment banking 19,39820,21821,42223,1834,101
Service charges on deposit accounts 85,29986,46086,66287,68021,905
Insurance fees and commissions 3,0112,5304,1881,972301
Brokerage fees 10,76111,75317,83323,2086,353
Bankcard fees 67,25069,21168,74973,03018,123
Gain on sales of securities available for sale, net 4,12710,4028,5094,192139
Equity (losses) earnings on alternative investments 3,975(12,188)2,695(1,108)NA
Other 16,81316,01226,13834,75910,601
Total noninterest income 498,688370,659402,511423,562105,525
NONINTEREST EXPENSE 
Salaries and employee benefits 358,569367,606390,059413,830107,968
Occupancy, net 40,19743,27444,25544,46210,953
Equipment 53,60962,57166,33772,00818,826
Supplies and services 20,41117,98818,53517,1733,760
Marketing and business development 24,14821,99621,20821,4695,034
Processing fees 56,04936,14936,00542,33111,161
Legal and consulting 20,40726,18620,80123,4063,844
Bankcard 19,59420,28820,75719,4714,626
Amortization of other intangible assets 12,1938,1718,6957,3261,562
Regulatory fees 10,44512,12514,17815,5272,905
Contingency reserve 20,272NANANANA
Other 29,78622,58425,91528,1265,237
Total noninterest expense 665,680638,938666,745705,129175,876
Income before income taxes 166,063128,288198,589236,34667,571
Income tax expense 45,40831,73044,95553,37010,038
Income from continuing operations NA96,558153,634182,97657,533
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 120,655116,073158,801247,10556,786
PER SHARE DATA 
Basic 
Income from continuing operations NA2.053.153.721.16
(Loss) income from discontinued operations NA0.410.11.3(0.01)
Net income - basic 2.692.463.255.021.15
Diluted 
Income from continuing operations NA2.033.123.671.15
(Loss) income from discontinued operations NA0.410.11.29(0.01)
Net income - diluted 2.652.443.224.961.14
Dividends NANANANA0.29
Weighted average shares outstanding - basic 44,844,57847,126,25248,828,31349,223,66149,420,606
Weighted average shares outstanding - diluted 45,445,28347,579,33449,277,05549,839,29049,917,454
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net income 120,655116,073158,801247,10556,786
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(80,662)
Less - Reclassification adjustment for gains included in net income (4,127)(10,402)(8,509)(4,192)(139)
Change in unrealized gains and losses on debt securities during the period 70,020(23,795)(86,303)16,947(80,801)
Change in unrealized gains and losses on derivative hedges 0(10)(516)(1,050)2,202
Income tax benefit (expense) NA9,08132,995(3,880)19,782
Other comprehensive (loss) income before reclassifications NANANANA(58,817)
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(71,866)
Comprehensive (loss) income 164,301101,349104,977259,122(15,080)


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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