| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Interest Income | |||||||||||
Loans and leases, including fees | |||||||||||
1,085,000 | 1,022,000 | 862,000 | 598,000 | 482,086 | 449,502 | 390,983 | 377,802 | 341,268 | 322,773 | 329,841 | 352,687 |
Securities: | |||||||||||
Taxable | |||||||||||
126,000 | 119,000 | 97,000 | 72,000 | 58,148 | 53,877 | 43,504 | 46,839 | 41,956 | 43,150 | 50,527 | 49,742 |
Tax-exempt | |||||||||||
32,000 | 28,000 | 20,000 | 9,000 | 6,405 | 5,282 | 5,667 | 6,680 | 7,469 | 7,299 | 7,131 | 6,686 |
Dividends | |||||||||||
- | - | - | - | 39 | 228 | 103 | 375 | 157 | 71 | 146 | 274 |
Other | |||||||||||
4,000 | 1,000 | 1,000 | 0 | 117 | 94 | 129 | 210 | 275 | 428 | 573 | 392 |
Total Interest Income | |||||||||||
1,247,000 | 1,170,000 | 980,000 | 679,000 | 546,795 | 508,983 | 440,386 | 431,906 | 391,125 | 373,721 | 388,218 | 409,781 |
Interest Expense | |||||||||||
Deposits | |||||||||||
217,000 | 142,000 | 72,000 | 41,000 | 31,207 | 29,603 | 29,441 | 42,513 | 53,535 | 64,524 | 85,699 | 111,568 |
Short-term borrowings | |||||||||||
80,000 | 75,000 | 44,000 | 12,000 | 7,075 | 5,638 | 4,423 | 5,162 | 6,711 | 8,143 | 8,520 | 13,030 |
Long-term borrowings | |||||||||||
33,000 | 21,000 | 18,000 | 14,000 | 10,291 | 7,445 | 10,480 | 3,492 | 6,403 | 8,080 | 17,202 | 21,044 |
Junior subordinated debt | |||||||||||
- | - | - | - | - | - | - | 7,888 | 7,968 | 7,984 | 9,758 | 12,347 |
Total Interest Expense | |||||||||||
330,000 | 238,000 | 134,000 | 67,000 | 48,573 | 42,686 | 44,344 | 59,055 | 74,617 | 88,731 | 121,179 | 157,989 |
Net Interest Income | |||||||||||
917,000 | 932,000 | 846,000 | 612,000 | 498,222 | 466,297 | 396,042 | 372,851 | 316,508 | 284,990 | 267,039 | 251,792 |
Provision for credit losses | |||||||||||
44,000 | 61,000 | 61,000 | 56,000 | 40,441 | 38,648 | 31,090 | 31,302 | 33,641 | 47,323 | 66,802 | 72,371 |
Net Interest Income After Provision for Credit Losses | |||||||||||
873,000 | 871,000 | 785,000 | 556,000 | 457,781 | 427,649 | 364,952 | 341,549 | 282,867 | 237,667 | 200,237 | 179,421 |
Non-Interest Income | |||||||||||
Service charges | |||||||||||
124,000 | 126,000 | 120,000 | 97,000 | 69,877 | 68,267 | 68,221 | 69,546 | 61,358 | 56,780 | 57,736 | 54,691 |
Trust services | |||||||||||
28,000 | 26,000 | 23,000 | 21,000 | 20,934 | 19,365 | 16,751 | 15,239 | 14,782 | 12,719 | 11,811 | 12,095 |
Impairment losses on securities | |||||||||||
- | - | - | - | - | - | 27 | 626 | 895 | 9,590 | 25,232 | 17,189 |
Non-credit related losses on securities not expected to be sold (recognized in other comprehensive income) | |||||||||||
- | - | - | - | - | - | - | 414 | 829 | 7,251 | 17,339 | - |
Net impairment losses on securities | |||||||||||
- | - | - | - | - | - | 27 | 212 | 66 | 2,339 | 7,893 | 17,189 |
Insurance commissions and fees | |||||||||||
20,000 | 18,000 | 19,000 | 18,000 | 16,270 | 16,758 | 16,598 | 16,426 | 15,185 | 15,772 | 16,672 | 15,572 |
Securities commissions and fees | |||||||||||
17,000 | 18,000 | 15,000 | 13,000 | 13,642 | 11,453 | 11,286 | 8,395 | 7,562 | 6,839 | 7,460 | 8,128 |
Capital markets income | |||||||||||
33,000 | 21,000 | 17,000 | 16,000 | 10,246 | - | - | - | - | - | - | - |
Mortgage banking operations | |||||||||||
32,000 | 22,000 | 20,000 | 12,000 | 8,619 | 3,705 | 3,452 | 4,153 | 3,101 | 3,762 | 3,061 | 1,824 |
Dividends on non-marketable equity securities | |||||||||||
19,000 | 16,000 | 9,000 | 4,000 | - | 5,744 | - | - | - | - | - | - |
Bank owned life insurance | |||||||||||
12,000 | 13,000 | 12,000 | 10,000 | 8,135 | 7,716 | 6,874 | 6,485 | 5,191 | 4,941 | 5,677 | 6,408 |
Net securities gains | |||||||||||
0 | 0 | 6,000 | 1,000 | 822 | 11,717 | 808 | 305 | 3,652 | 2,960 | 528 | 834 |
Other | |||||||||||
9,000 | 16,000 | 11,000 | 9,000 | 13,865 | 13,549 | 11,815 | 10,915 | 8,965 | 14,538 | 10,430 | 3,752 |
Total Non-Interest Income | |||||||||||
294,000 | 276,000 | 252,000 | 201,000 | 162,410 | 158,274 | 135,778 | 131,252 | 119,730 | 115,972 | 105,482 | 86,115 |
Non-Interest Expense | |||||||||||
Salaries and employee benefits | |||||||||||
375,000 | 370,000 | 327,000 | 240,000 | 202,068 | 195,016 | 179,971 | 168,219 | 149,817 | 126,259 | 126,865 | 116,819 |
Net occupancy | |||||||||||
59,000 | 60,000 | 54,000 | 40,000 | 33,670 | 32,281 | 26,474 | 24,578 | 21,805 | 20,049 | 20,258 | 17,888 |
Equipment | |||||||||||
62,000 | 55,000 | 49,000 | 38,000 | 31,869 | 29,245 | 25,214 | 22,320 | 19,033 | 18,212 | 17,991 | 16,357 |
Amortization of intangibles | |||||||||||
14,000 | 16,000 | 18,000 | 11,000 | 8,305 | 9,717 | 8,407 | 8,924 | 7,040 | 6,714 | 7,088 | 6,442 |
Outside services | |||||||||||
64,000 | 66,000 | 56,000 | 44,000 | 34,698 | 33,208 | 30,257 | 28,038 | 21,840 | 22,628 | 23,587 | 20,918 |
FDIC insurance | |||||||||||
23,000 | 33,000 | 33,000 | 19,000 | 12,888 | 13,258 | 10,192 | 8,077 | 8,025 | 10,526 | 13,881 | 898 |
Supplies | |||||||||||
- | - | - | - | 8,064 | 7,102 | 6,887 | 6,441 | 4,938 | 4,307 | - | - |
Bank shares and franchise taxes | |||||||||||
12,000 | 12,000 | 10,000 | 9,000 | 8,139 | 6,954 | 4,256 | 6,162 | 6,975 | 7,278 | 6,813 | 6,550 |
Telephone | |||||||||||
- | - | - | - | 6,234 | 5,710 | 5,063 | 5,697 | 4,957 | 4,538 | 5,255 | 5,336 |
Marketing | |||||||||||
- | - | - | - | 8,396 | 7,824 | 6,349 | 4,991 | 6,375 | 5,161 | 5,321 | 4,589 |
Loan related | |||||||||||
- | - | - | - | - | 4,933 | 3,945 | 3,363 | 5,353 | 4,664 | 3,848 | - |
Other real estate owned | |||||||||||
- | - | - | - | -4,637 | 4,401 | - | - | - | 4,886 | 6,183 | 2,138 |
Merger-related | |||||||||||
0 | 0 | 57,000 | 37,000 | 3,033 | 9,611 | 8,210 | 7,394 | 4,982 | 620 | - | 4,724 |
Other | |||||||||||
87,000 | 83,000 | 77,000 | 73,000 | 28,548 | 19,993 | 19,730 | 21,146 | 17,188 | 15,261 | 18,249 | 20,045 |
Total Non-Interest Expense | |||||||||||
696,000 | 695,000 | 681,000 | 511,000 | 390,549 | 379,253 | 338,170 | 318,618 | 283,546 | 251,103 | 255,339 | 222,704 |
Income Before Income Taxes | |||||||||||
471,000 | 452,000 | 356,000 | 246,000 | 229,642 | 206,670 | 162,560 | 154,183 | 119,051 | 102,536 | 50,380 | 42,832 |
Income taxes | |||||||||||
84,000 | 79,000 | 157,000 | 75,000 | 69,993 | 62,620 | 44,756 | 43,773 | 32,004 | 27,884 | 9,269 | 7,237 |
Net Income | |||||||||||
387,000 | 373,000 | 199,000 | 171,000 | 159,649 | 144,050 | 117,804 | 110,410 | 87,047 | 74,652 | 41,111 | 35,595 |
Preferred stock dividends | |||||||||||
8,000 | 8,000 | 8,000 | 8,000 | 8,041 | 8,352 | - | - | 0 | - | 8,308 | - |
Net Income Available to Common Stockholders | |||||||||||
379,000 | 365,000 | 191,000 | 163,000 | 151,608 | 135,698 | 117,804 | 110,410 | 87,047 | - | 32,803 | 35,595 |
Earnings per Common Share | |||||||||||
Basic (in USD per share) | |||||||||||
1.17 | 1.13 | 0.63 | 0.79 | 0.87 | 0.81 | 0.81 | 0.79 | 0.70 | 0.66 | 0.32 | 0.44 |
Diluted (in USD per share) | |||||||||||
1.16 | 1.12 | 0.63 | 0.78 | 0.86 | 0.80 | 0.80 | 0.79 | 0.70 | 0.65 | 0.32 | 0.44 |
Cash Dividends per Common Share (in USD per share) | |||||||||||
- | - | - | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.96 |