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As Reported Financials

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Interest income

Interest and fees on loans 387,713 430,738 565,537 636,720 505,150
Interest on federal funds sold and other short-term investments 1,645 3,495 16,035 19,268 17,478

Interest and dividends on securities

Taxable 30,744 32,357 36,715 56,273 53,279
Tax-exempt 3,528 3,751 5,519 5,454 2,786
Total interest income 423,630 470,341 623,806 717,715 578,693

Interest expense

Interest on deposits 28,023 29,125 49,726 91,507 104,461
Interest on short-term borrowings 834 1,584 1,579 2,245 1,838
Interest on long-term borrowings 10,649 14,301 23,504 35,318 35,755
Total interest expense 39,506 45,010 74,809 129,070 142,054
Net interest income 384,124 425,331 548,997 588,645 436,639
Provision for loan losses 22,574 24,509 28,406 22,013 15,446
Net interest income after provision for loan losses 361,550 400,822 520,591 566,632 421,193

Other income

Fees from trust services NA 12,025 11,801 12,930 10,276
Fees from brokerage services 19,085 7,012 7,730 9,347 7,668
Fees from deposit services 37,962 32,858 33,622 33,973 25,219
Bankcard fees and merchant discounts 4,786 5,215 4,795 5,168 3,520
Other service charges, commissions, and fees 2,141 2,059 2,057 2,228 1,665
Income from bank-owned life insurance 5,557 5,794 5,110 5,045 4,433
Income from mortgage banking activities 2,507 3,450 58,907 58,109 59,404
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) 66
Other income 1,433 1,339 2,039 1,767 991
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 70,032 131,645 128,712 113,242

Other expense

Employee compensation 88,123 95,655 166,393 164,468 129,563
Employee benefits 27,086 26,591 34,997 36,172 26,624
Net occupancy expense 24,301 27,529 39,067 36,462 26,116
Other real estate owned (OREO) expense 3,613 5,844 6,003 3,444 3,886
Equipment expense 9,034 8,622 10,528 13,846 10,688
Data processing expense 14,867 15,280 21,019 23,800 16,505
Bankcard processing expense 1,505 1,742 1,809 1,971 1,402
FDIC insurance expense 8,367 8,548 7,051 11,464 7,065
FHLB prepayment penalties NA NA NA NA 5,105
Other expense 54,791 58,385 80,542 76,552 58,800
Total other expense 231,687 248,196 367,409 368,179 285,754
Income before income taxes 203,489 222,658 284,827 327,165 248,681
Income taxes 65,530 75,575 134,246 70,823 51,867
Net income 137,959 147,083 150,581 256,342 196,814

Earnings per common share

Basic 1.99 2.00 1.54 2.46 1.93
Diluted 1.98 1.99 1.54 2.45 1.93
Dividends per common share 1.29 1.32 1.33 1.36 NA

Average outstanding shares

Basic 69,334,849 73,531,992 97,502,633 104,015,976 101,698,530
Diluted 69,625,531 73,893,127 97,890,078 104,298,825 101,967,135

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net income 137,959 147,083 150,581 256,342 196,814
Change in net unrealized gain (loss) on available-for-sale(AFS) securities, net of tax (4,068) (7,782) 4,093 (9,015) 38,420
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 2,768
Comprehensive income, net of tax 135,511 140,578 153,273 247,837 238,002
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.