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Income Statement

As-reported financial charting
 2012 Y2013 Y2014 Y2015 Y2016 Q3 YTD
Source Document12/31/201412/31/201512/31/201512/31/20159/30/2016
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest income 
Loans 
Taxable 263,079228,931292,028404,324333,829
Nontaxable 8,6299,6119,0229,3188,173
Investment securities 
Taxable 33,42426,08438,61939,29926,209
Nontaxable 29,31132,56434,79140,97431,802
Federal funds sold 015251NA
Other interest earning accounts 867690663318430
Total interest income 335,310297,895375,148494,234400,443
Interest expense 
Deposits 30,25819,24017,02719,65818,255
Short-term borrowings 1,2046227801,4122,723
Long-term borrowings and junior subordinated notes 11,0605,6976,5187,5586,788
Total interest expense 42,52225,55924,32528,62827,766
Net interest income 292,788272,336350,823465,606372,677
Provision for credit losses (8,900)(5,804)12,05221,38616,941
Net interest income after provision for credit losses 301,688278,140338,771444,220355,736
Non-interest income 
Mortgage banking revenue 2,3251,66446,149117,426116,192
Lease financing revenue, net 36,38261,24364,31076,58153,618
Commercial deposit and treasury management fees 23,63624,86734,31545,28336,383
Trust and asset management fees 17,99019,14221,83923,54524,430
Card fees 9,36811,01313,74115,32211,731
Capital markets and international banking fees 5,0863,5605,4588,1489,311
Consumer and other deposit service fees 14,42813,96812,78813,2829,745
Brokerage fees 4,7924,9075,1765,7543,767
Loan service fees 5,8455,5634,8146,2595,505
Increase in cash surrender value of life insurance 3,5703,3853,3813,3912,759
Net gain (loss) on investment securities 555(1)(2,525)(176)269
Net gain (loss) on sale of assets (942)(323)3,452(2)(45)
Gain on extinguishment of debt 001,8950NA
Other operating income 6,1585,4066,5127,2808,415
Total non-interest income 129,193154,394221,305322,093282,080
Non-interest expenses 
Salaries and employee benefits 165,696177,858255,974343,531292,073
Occupancy and equipment 35,80636,87844,91050,51041,441
Computer services and telecommunication 15,49918,88331,67834,45331,668
Advertising and marketing 8,1838,2728,85410,0728,926
Professional and legal 6,1108,80714,65211,05310,370
Other intangibles amortization 5,0106,0845,5016,1154,917
Branch exit and facilities impairment charges 2,19002,2708,515(2,709)
Net (gain) loss recognized on other real estate owned and other related expenses 20,584(781)3,5751,468(809)
Prepayment fees on interest bearing liabilities 12,68200850
Other operating expenses 32,27038,58769,36868,35268,214
Total non-interest expenses 304,030294,588436,782534,154454,091
Income before income taxes 126,851137,946123,294232,159183,725
Income tax expense 36,47739,49137,19373,21156,780
Net income 90,37498,45586,101158,948126,945
Dividends on preferred shares 3,26904,0008,0006,004
Net income available to common stockholders 87,10598,45582,101150,948120,941
Common share data 
Basic earnings per common share 1.611.811.322.031.62
Diluted earnings per common share 1.61.791.312.021.6
Weighted average common shares outstanding for basic earnings per common share 54,270,29754,509,61262,012,19674,177,57474,780,943
Diluted weighted average common shares outstanding for diluted earnings per common share 54,505,97654,993,86562,573,40674,849,03075,727,580
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net income 90,37498,45586,101158,948126,945
Unrealized holding (losses) gains on investment securities, net of reclassification adjustments (4,097)(43,543)20,933(4,078)15,603
Reclassification adjustment for amortization of unrealized gains on investment securities transferred to held to maturity from available for sale 0(2,478)(3,700)(3,633)(2,081)
Reclassification adjustments for (gains) losses included in net income (555)12,525176(269)
Other comprehensive (loss) income, before tax (4,652)(46,020)19,758(7,535)13,253
Income tax benefit (expense) related to items of other comprehensive (loss) income 1,82818,077(7,785)2,956(5,267)
Other comprehensive (loss) income, net of tax (2,824)(27,943)11,973(4,579)7,986
Comprehensive income 87,55070,51298,074154,369134,931


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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