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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q2 YTD 6/30/2019 USD

Interest income

Interest and fees on loans 387,713 430,738 565,537 636,720 340,001
Interest on federal funds sold and other short-term investments 1,645 3,495 16,035 19,268 11,242

Interest and dividends on securities

Taxable 30,744 32,357 36,715 56,273 35,111
Tax-exempt 3,528 3,751 5,519 5,454 1,988
Total interest income 423,630 470,341 623,806 717,715 388,342

Interest expense

Interest on deposits 28,023 29,125 49,726 91,507 68,093
Interest on short-term borrowings 834 1,584 1,579 2,245 1,299
Interest on long-term borrowings 10,649 14,301 23,504 35,318 24,229
Total interest expense 39,506 45,010 74,809 129,070 93,621
Net interest income 384,124 425,331 548,997 588,645 294,721
Provision for loan losses 22,574 24,509 28,406 22,013 10,413
Net interest income after provision for loan losses 361,550 400,822 520,591 566,632 284,308

Other income

Fees from trust services NA 12,025 11,801 12,930 6,702
Fees from brokerage services 19,085 7,012 7,730 9,347 5,290
Fees from deposit services 37,962 32,858 33,622 33,973 16,517
Bankcard fees and merchant discounts 4,786 5,215 4,795 5,168 2,258
Other service charges, commissions, and fees 2,141 2,059 2,057 2,228 1,097
Income from bank-owned life insurance 5,557 5,794 5,110 5,045 3,153
Income from mortgage banking activities 2,507 3,450 58,907 58,109 35,385
Net gain on the sale of bank premises NA 0 0 2,763 NA
Net investment securities gains (losses) 155 280 5,584 (2,618) (50)
Other income 1,433 1,339 2,039 1,767 666
Total other-than-temporary impairment losses (113) NA NA NA NA
Portion of loss recognized in other comprehensive income 66 NA NA NA NA
Net other-than-temporary impairment losses (47) NA NA NA NA
Net gains on sales/calls of investment securities 202 NA NA NA NA
Total other income 73,626 70,032 131,645 128,712 71,018

Other expense

Employee compensation 88,123 95,655 166,393 164,468 83,250
Employee benefits 27,086 26,591 34,997 36,172 18,009
Net occupancy expense 24,301 27,529 39,067 36,462 17,418
Other real estate owned (OREO) expense 3,613 5,844 6,003 3,444 2,049
Equipment expense 9,034 8,622 10,528 13,846 6,990
Data processing expense 14,867 15,280 21,019 23,800 10,729
Bankcard processing expense 1,505 1,742 1,809 1,971 928
FDIC insurance expense 8,367 8,548 7,051 11,464 6,600
FHLB prepayment penalties NA NA NA NA 5,105
Other expense 54,791 58,385 80,542 76,552 38,542
Total other expense 231,687 248,196 367,409 368,179 189,620
Income before income taxes 203,489 222,658 284,827 327,165 165,706
Income taxes 65,530 75,575 134,246 70,823 34,857
Net income 137,959 147,083 150,581 256,342 130,849

Earnings per common share

Basic 1.99 2.00 1.54 2.46 1.28
Diluted 1.98 1.99 1.54 2.45 1.28
Dividends per common share 1.29 1.32 1.33 1.36 NA

Average outstanding shares

Basic 69,334,849 73,531,992 97,502,633 104,015,976 101,833,880
Diluted 69,625,531 73,893,127 97,890,078 104,298,825 102,099,809

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 137,959 147,083 150,581 256,342 130,849
Change in net unrealized gain (loss) on available-for-sale(AFS) securities, net of tax (4,068) (7,782) 4,093 (9,015) 34,783
Accretion of the net unrealized loss on the transfer of AFS securities to held-to-maturity (HTM) securities, net of tax 5 6 5 6 0
Change in pension plan assets, net of tax 1,615 1,271 (1,406) 504 1,819
Comprehensive income, net of tax 135,511 140,578 153,273 247,837 167,451
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.