| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Interest income: | |||||||||
Loans: | |||||||||
Taxable | |||||||||
659,993 | 587,234 | 467,877 | 404,324 | 292,028 | 228,931 | 263,079 | - | - | - |
Nontaxable | |||||||||
9,255 | 10,665 | 11,120 | 9,318 | 9,022 | 9,611 | 8,629 | - | - | - |
Loans | |||||||||
- | - | - | - | - | - | - | 324,793 | 364,484 | 331,270 |
Investment securities: | |||||||||
Taxable | |||||||||
40,201 | 33,975 | 35,571 | 39,299 | 38,619 | 26,084 | 33,424 | 41,349 | 50,541 | 45,777 |
Nontaxable | |||||||||
37,776 | 39,218 | 42,022 | 40,974 | 34,791 | 32,564 | 29,311 | 17,265 | 13,585 | 14,754 |
Federal funds sold | |||||||||
- | - | - | 1 | 25 | 15 | - | 0 | 2 | - |
Other interest earning accounts and Federal funds sold | |||||||||
2,381 | 1,354 | 587 | 318 | 663 | 690 | 867 | 1,153 | 1,028 | 1,737 |
Total interest income | |||||||||
749,606 | 672,446 | 557,177 | 494,234 | 375,148 | 297,895 | 335,310 | 384,560 | 429,640 | 393,538 |
Interest expense: | |||||||||
Deposits | |||||||||
75,270 | 40,685 | 25,579 | 19,658 | 17,027 | 19,240 | 30,258 | 44,881 | 75,850 | 121,614 |
Short-term borrowings | |||||||||
10,939 | 14,697 | 4,195 | 1,412 | 780 | 622 | 1,204 | 849 | 1,145 | 5,166 |
Long-term borrowings and junior subordinated notes | |||||||||
25,594 | 14,687 | 9,512 | 7,558 | 6,518 | 5,697 | 11,060 | 13,557 | 12,873 | 16,206 |
Total interest expense | |||||||||
111,803 | 70,069 | 39,286 | 28,628 | 24,325 | 25,559 | 42,522 | 59,287 | 89,868 | 142,986 |
Net interest income | |||||||||
637,803 | 602,377 | 517,891 | 465,606 | 350,823 | 272,336 | 292,788 | 325,273 | 339,772 | 250,552 |
Provision for credit losses | |||||||||
47,201 | 21,593 | 19,563 | 21,386 | 12,052 | -5,804 | -8,900 | 120,750 | 246,200 | 231,800 |
Net interest income after provision for credit losses | |||||||||
590,602 | 580,784 | 498,328 | 444,220 | 338,771 | 278,140 | 301,688 | 204,523 | 93,572 | 18,752 |
Non-interest income: | |||||||||
Mortgage banking revenue | |||||||||
63,515 | 109,224 | 151,716 | 117,426 | 46,149 | 1,664 | 2,325 | - | - | - |
Lease financing revenue, net | |||||||||
104,490 | 86,587 | 73,486 | 76,581 | 64,310 | 61,243 | 36,382 | 26,939 | 21,853 | 18,528 |
Treasury management fees | |||||||||
59,735 | 58,930 | 50,620 | 45,283 | - | - | - | - | - | - |
Wealth management fees | |||||||||
36,383 | 34,744 | 32,872 | - | - | - | - | - | - | - |
Commercial deposit and treasury management fees | |||||||||
- | - | - | - | 34,315 | 24,867 | 23,636 | 23,559 | 21,806 | - |
Trust and asset management fees | |||||||||
- | - | - | 23,545 | 21,839 | 19,142 | 17,990 | 17,324 | 15,037 | 12,593 |
Card fees | |||||||||
21,654 | 18,596 | 16,071 | 15,322 | 13,741 | 11,013 | 9,368 | 7,032 | 7,057 | 4,551 |
Capital markets and international banking fees | |||||||||
12,333 | 15,708 | 13,332 | 8,148 | 5,458 | 3,560 | 5,086 | 1,870 | 344 | - |
Consumer and other deposit service fees | |||||||||
11,923 | 13,333 | 13,308 | 13,282 | 12,788 | 13,968 | 14,428 | 15,375 | 17,024 | 30,600 |
Brokerage fees | |||||||||
4,234 | 4,321 | 4,654 | 5,754 | 5,176 | 4,907 | 4,792 | 5,884 | 5,012 | 4,606 |
Loan service fees | |||||||||
8,748 | 8,317 | 7,457 | 6,259 | 4,814 | 5,563 | 5,845 | 6,355 | 6,172 | 6,913 |
Increase in cash surrender value of life insurance | |||||||||
4,979 | 5,421 | 4,075 | 3,391 | 3,381 | 3,385 | 3,570 | 4,377 | 3,516 | 2,459 |
Net (loss) gain on investment securities | |||||||||
-256 | - | - | - | - | - | - | - | - | - |
Net (loss) gain on investment securities | |||||||||
- | 562 | 447 | -176 | -2,525 | -1 | 555 | 640 | 18,648 | 14,029 |
Net loss on disposal of other assets | |||||||||
-796 | -2,323 | -794 | -2 | 3,452 | -323 | -942 | 283 | 630 | -13 |
Acquisition related gains | |||||||||
- | - | - | - | - | - | - | - | 62,649 | 28,547 |
Accretion of FDIC indemnification asset | |||||||||
- | - | - | - | - | - | - | 4,838 | 9,678 | - |
Net gain on sale of loans | |||||||||
- | - | - | - | - | - | - | 2,607 | 870 | - |
Other operating income | |||||||||
15,687 | 15,954 | 10,906 | 7,280 | 6,512 | 5,406 | 6,158 | 5,636 | 4,745 | 4,770 |
Total non-interest income | |||||||||
342,629 | 369,374 | 378,150 | 322,093 | 221,305 | 154,394 | 129,193 | 122,719 | 185,756 | 127,154 |
Non-interest expenses: | |||||||||
Salaries and employee benefits expense | |||||||||
427,560 | 419,179 | 400,501 | 343,531 | 255,974 | 177,858 | 165,696 | 153,858 | 144,349 | 120,654 |
Occupancy and equipment expense | |||||||||
65,445 | 62,556 | 57,130 | 50,510 | 44,910 | 36,878 | 35,806 | 35,467 | 34,845 | 31,521 |
Computer services and telecommunication expense | |||||||||
45,456 | 40,591 | 43,468 | 34,453 | 31,678 | 18,883 | 15,499 | 14,885 | 14,615 | 13,444 |
Advertising and marketing expense | |||||||||
13,420 | 12,235 | 11,971 | 10,072 | 8,854 | 8,272 | 8,183 | 7,038 | 6,465 | 4,185 |
Professional and legal expense | |||||||||
17,533 | 10,207 | 12,879 | 11,053 | 14,652 | 8,807 | 6,110 | 6,147 | 5,803 | 4,680 |
Brokerage fee expense | |||||||||
- | - | - | - | - | - | - | - | - | 1,999 |
Other intangibles amortization expense | |||||||||
7,852 | 8,193 | 7,305 | 6,115 | 5,501 | 6,084 | 5,010 | 5,665 | 6,214 | 4,491 |
FDIC insurance premiums | |||||||||
- | - | - | - | - | - | - | - | - | 16,762 |
Branch exit and facilities impairment charges (recovery) | |||||||||
4,245 | 8,353 | -2,709 | 8,515 | 2,270 | 0 | 2,190 | 1,594 | 0 | 4,000 |
Net loss (gain) recognized on other real estate owned and other related expense | |||||||||
-2,184 | -1,344 | 1,599 | -1,468 | -3,575 | 781 | -20,584 | - | - | - |
Loss on extinguishment of debt | |||||||||
11,898 | 0 | 0 | 85 | 0 | 0 | 12,682 | 0 | 0 | - |
Loss on extinguishment of debt | |||||||||
- | - | - | - | 1,895 | 0 | 0 | - | - | - |
Goodwill impairment loss | |||||||||
3,623 | 0 | 0 | - | - | - | - | - | - | - |
Net loss recognized on other real estate owned | |||||||||
- | - | - | - | - | - | - | -13,613 | -9,285 | -429 |
Other real estate expense, net | |||||||||
- | - | - | - | - | - | - | 4,294 | 2,694 | 871 |
Other operating expenses | |||||||||
81,844 | 98,685 | 94,152 | 68,352 | 69,368 | 38,587 | 32,270 | 40,685 | 43,791 | 21,143 |
Total non-interest expenses | |||||||||
681,060 | 661,343 | 623,098 | 534,154 | 436,782 | 294,588 | 304,030 | 283,246 | 258,776 | 223,750 |
Income before income taxes | |||||||||
252,171 | 288,815 | 253,380 | 232,159 | 123,294 | 137,946 | 126,851 | 43,996 | 20,552 | -77,844 |
Income tax expense (benefit) | |||||||||
38,256 | -15,225 | 79,244 | 73,211 | 37,193 | 39,491 | 36,477 | 5,268 | 24 | -45,265 |
Income (loss) from continuing operations | |||||||||
- | - | - | - | - | - | - | - | - | -32,579 |
Income from discontinued operations, net of tax | |||||||||
- | - | - | - | - | - | - | - | - | 6,453 |
Net income | |||||||||
213,915 | 304,040 | 174,136 | 158,948 | 86,101 | 98,455 | 90,374 | 38,728 | 20,528 | -26,126 |
Dividends on preferred shares | |||||||||
12,100 | 8,007 | 8,009 | 8,000 | 4,000 | - | 3,269 | 10,414 | 10,382 | 10,298 |
Preferred Stock Redemption Discount | |||||||||
15,280 | 0 | 0 | - | - | - | - | - | - | - |
Net income available to common stockholders | |||||||||
217,095 | 296,033 | 166,127 | 150,948 | 82,101 | 98,455 | 87,105 | 28,314 | 10,146 | -36,424 |
Common share data: | |||||||||
Basic earnings allocated to common stock per common share (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | - | -0.81 |
Basic earnings per common share from discontinued operations (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | - | 0.16 |
Impact of preferred stock dividends on basic earnings per common share (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | - | -0.26 |
Basic earnings per common share (in dollars per share) | |||||||||
2.58 | 3.53 | 2.16 | 2.03 | 1.32 | 1.81 | 1.61 | 0.52 | 0.19 | -0.91 |
Diluted earnings allocated to common stock per common share (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | - | -0.81 |
Diluted earnings per common share from discontinued operations (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | - | 0.16 |
Impact of preferred stock dividends on diluted earnings per common share (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | - | -0.26 |
Diluted earnings per common share (in dollars per share) | |||||||||
2.55 | 3.49 | 2.13 | 2.02 | 1.31 | 1.79 | 1.60 | 0.52 | 0.19 | -0.91 |
Weighted average common shares outstanding for basic earnings per common share (in shares) | |||||||||
84,277 | 83,836 | 76,968 | 74,177 | 62,012 | 54,509 | 54,270 | - | 52,724 | 40,042 |
Diluted weighted average common shares outstanding for diluted earnings per common share (in shares) | |||||||||
85,206 | 84,823 | 77,976 | 74,849 | 62,573 | 54,993 | 54,505 | 54,337 | 53,035 | 40,042 |