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Income Statement

As-reported financial charting
 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
(in thousands)    
Interest income 
Taxable 228,931292,028404,324467,877
Nontaxable 9,6119,0229,31811,120
Investment securities 
Taxable 26,08438,61939,29935,571
Nontaxable 32,56434,79140,97442,022
Federal funds sold 152510
Other interest earning accounts 690663318587
Total interest income 297,895375,148494,234557,177
Interest expense 
Deposits 19,24017,02719,65825,579
Short-term borrowings 6227801,4124,195
Long-term borrowings and junior subordinated notes 5,6976,5187,5589,512
Total interest expense 25,55924,32528,62839,286
Net interest income 272,336350,823465,606517,891
Provision for credit losses (5,804)12,05221,38619,563
Net interest income after provision for credit losses 278,140338,771444,220498,328
Non-interest income 
Mortgage banking revenue 1,66446,149117,426148,469
Lease financing, net 61,24364,31076,58173,486
Commercial deposit and treasury management fees 24,86734,31545,28350,620
Trust and asset management fees 19,14221,83923,54532,872
Card fees 11,01313,74115,32216,071
Capital markets and international banking fees 3,5605,4588,14813,332
Consumer and other deposit service fees 13,96812,78813,28213,308
Brokerage fees 4,9075,1765,7544,654
Loan service fees 5,5634,8146,2597,457
Increase in cash surrender value of life insurance 3,3853,3813,3914,075
Net gain (loss) on investment securities (1)(2,525)(176)447
Net (loss) gain on disposals of other assets (323)3,452(2)(794)
Gain on extinguishment of debt 01,89500
Other operating income 5,4066,5127,28010,906
Total non-interest income 154,394221,305322,093374,903
Non-interest expenses 
Salaries and employee benefits 177,858255,974343,531400,501
Occupancy and equipment expense 36,87844,91050,51057,130
Computer services and telecommunication expense 18,88331,67834,45343,468
Advertising and marketing expense 8,2728,85410,07211,971
Professional and legal expense 8,80714,65211,05312,879
Other intangibles amortization expense 6,0845,5016,1157,305
Branch exit and facilities impairment charges 02,2708,515(2,709)
Net (gain) loss recognized on other real estate owned and other related expense (781)3,5751,468(1,599)
Prepayment fees on interest bearing liabilities 00850
Other operating expenses 38,58769,36868,35290,905
Total non-interest expenses 294,588436,782534,154619,851
Income before income taxes 137,946123,294232,159253,380
Income tax expense 39,49137,19373,21179,244
Net income 98,45586,101158,948174,136
Dividends on preferred shares 04,0008,0008,009
Net income available to common stockholders 98,45582,101150,948166,127
Common share data 
Basic earnings per common share 1.811.322.032.16
Diluted earnings per common share 1.791.312.022.13
Weighted average common shares outstanding for basic earnings per common share 54,509,61262,012,19674,177,57476,968,823
Diluted weighted average common shares outstanding for diluted earnings per common share 54,993,86562,573,40674,849,03077,976,121
Net income 98,45586,101158,948174,136
Unrealized holding (losses) gains on investment securities, net of reclassification adjustments (43,543)20,933(4,078)(14,317)
Reclassification adjustment for amortization of unrealized gains on investment securities transferred to held to maturity from available for sale (2,478)(3,700)(3,633)(2,769)
Reclassification adjustments for (gains) losses included in net income 12,525176(447)
Other comprehensive (loss) income, before tax (46,020)19,758(7,535)(17,533)
Income tax benefit (expense) related to items of other comprehensive (loss) income 18,077(7,785)2,9566,946
Other comprehensive (loss) income, net of tax (27,943)11,973(4,579)(10,587)
Comprehensive income 70,51298,074154,369163,549

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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