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As-Reported Financials

Income Statement

 2013 Y2014 Y2015 Y2016 Y2017 Q2 YTD
Source Document12/31/201512/31/201612/31/201612/31/20166/30/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Interest Income 
Interest and fees on loans 176,129171,196172,819185,344103,213
Interest and dividends on investments 
Taxable interest 29,91628,76726,80727,91914,358
Interest exempt from federal income taxes 43119971,498802
Dividends 3021,8953,4342,826859
Interest on bank deposits 712142767
Total interest income 206,358202,181204,071217,614119,299
Interest Expense 
Interest on deposits 15,59612,4537,4747,5234,020
Interest on short-term borrowings 1,2622,4495,0188,0763,946
Interest on subordinated debentures 3,1282,2922,3292,6351,443
Interest on other long-term debt 1,7211,307774345164
Interest on lease obligations NANANANA79
Total interest expense 21,70718,50115,59518,5799,652
Net Interest Income 184,651183,680188,476199,035109,647
Provision for credit losses 19,22711,19614,94818,4801,620
Net Interest Income after Provision for Credit Losses 165,424172,484173,528180,555108,027
Noninterest Income 
Net securities (losses) gains (1,158)550(153)617603
Trust income 6,1666,0005,8345,3663,128
Service charges on deposit accounts 15,65215,66115,31915,8699,055
Insurance and retail brokerage commissions 6,0056,4838,5227,9644,524
Income from bank owned life insurance 5,5395,5025,4125,3812,741
Gain on sale of mortgage loans 6244402,4214,0862,292
Gain on sale of other loans and assets 1,5294,5561,8551,411764
Card-related interchange income 13,74614,22214,50114,9559,093
Derivatives mark to market NA(345)(274)219(35)
Swap fee income NA5118472,359241
Other income 12,0607,2797,0416,3723,430
Total noninterest income 60,16360,85961,32564,59935,836
Noninterest Expense 
Salaries and employee benefits 86,01287,22389,16187,12548,764
Net occupancy expense 13,60713,11913,71213,1507,882
Furniture and equipment expense 15,11817,81210,73711,6246,411
Data processing expense 6,0096,1246,1237,4294,430
Advertising and promotion expense 3,1292,9532,6382,6011,794
Pennsylvania shares tax expense 5,6383,7764,6933,8251,977
Intangible amortization 1,0646316055471,418
Collection and repossession expense 3,8362,7542,8262,250940
Other professional fees and services 3,7313,9864,0343,9152,055
FDIC insurance 4,3664,0544,0143,9031,770
Loss on sale or write-down of assets 1,0541,5953,1121,1551,319
Litigation and operational losses 1,1156,7862,1191,420509
Loss on early redemption of subordinated debt 1,629NANANANA
Conversion related 2,5881,78800NA
Merger and acquisition related 009223,17310,481
Other operating expenses 19,92818,60919,17817,80811,278
Total noninterest expense 168,824171,210163,874159,925101,028
Income Before Income Taxes 56,76362,13370,97985,22942,835
Income tax provision 15,28117,68020,83625,63912,934
Net Income 41,48244,45350,14359,59029,901
Average Shares Outstanding 97,028,15793,114,65489,356,76788,851,57393,079,546
Average Shares Outstanding Assuming Dilution 97,029,83293,114,65489,356,76788,851,57393,125,939
Per Share Data 
Basic Earnings per Share 0.430.480.560.670.32
Diluted Earnings per Share 0.430.480.560.670.32
Cash Dividends Declared per Common Share 0.230.280.280.280.16
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net Income 41,48244,45350,14359,59029,901
Other comprehensive income, before tax expense 
Unrealized holding gains on securities arising during the period (34,975)25,1532,798(6,304)4,245
Less - reclassification adjustment for gains on securities included in net income 1,158(550)153(617)(603)
Unrealized holding (losses) gains on derivatives arising during the period 0472450(479)(582)
Less - reclassification adjustment for (gains) losses on derivatives included in net income 0(10)(49)(70)73
Total other comprehensive income, before tax expense (33,598)24,7523,250(7,139)3,133
Unrealized gains (losses) for postretirement obligation 
Transition obligation 0000NA
Net gain (loss) 219(313)(102)331NA
Income tax expense related to items of other comprehensive income (11,751)8,6631,137(2,498)(1,097)
Total other comprehensive income NANANANA2,036
Comprehensive Income 19,63560,54252,25654,94931,937


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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