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As-Reported Financials

Income Statement

 2013 Y2014 Y2015 Y2016 Y2017 Q3 YTD
Source Document12/31/201512/31/201612/31/201612/31/20169/30/2017
(in thousands)     
Interest Income 
Interest and fees on loans 176,129171,196172,819185,344160,548
Interest and dividends on investments 
Taxable interest 29,91628,76726,80727,91921,577
Interest exempt from federal income taxes 43119971,4981,212
Dividends 3021,8953,4342,8261,276
Interest on bank deposits 712142797
Total interest income 206,358202,181204,071217,614184,710
Interest Expense 
Interest on deposits 15,59612,4537,4747,5236,511
Interest on short-term borrowings 1,2622,4495,0188,0766,373
Interest on subordinated debentures 3,1282,2922,3292,6352,215
Interest on other long-term debt 1,7211,307774345245
Interest on lease obligations NANANANA156
Total interest expense 21,70718,50115,59518,57915,500
Net Interest Income 184,651183,680188,476199,035169,210
Provision for credit losses 19,22711,19614,94818,4802,834
Net Interest Income after Provision for Credit Losses 165,424172,484173,528180,555166,376
Noninterest Income 
Net securities gains (1,158)550(153)617695
Trust income 6,1666,0005,8345,3665,275
Service charges on deposit accounts 15,65215,66115,31915,86913,858
Insurance and retail brokerage commissions 6,0056,4838,5227,9646,652
Income from bank owned life insurance 5,5395,5025,4125,3814,213
Gain on sale of mortgage loans 6244402,4214,0863,710
Gain on sale of other loans and assets 1,5294,5561,8551,4111,267
Card-related interchange income 13,74614,22214,50114,95513,873
Derivatives mark to market NA(345)(274)219(49)
Swap fee income NA5118472,359458
Other income 12,0607,2797,0416,3725,674
Total noninterest income 60,16360,85961,32564,59955,626
Noninterest Expense 
Salaries and employee benefits 86,01287,22389,16187,12574,933
Net occupancy expense 13,60713,11913,71213,15011,597
Furniture and equipment expense 15,11817,81210,73711,6249,753
Data processing expense 6,0096,1246,1237,4296,659
Advertising and promotion expense 3,1292,9532,6382,6012,735
Pennsylvania shares tax expense 5,6383,7764,6933,8253,070
Intangible amortization 1,0646316055472,262
Collection and repossession expense 3,8362,7542,8262,2501,342
Other professional fees and services 3,7313,9864,0343,9153,355
FDIC insurance 4,3664,0544,0143,9032,466
Loss on sale or write-down of assets 1,0541,5953,1121,1551,486
Litigation and operational losses 1,1156,7862,1191,4201,107
Loss on early redemption of subordinated debt 1,629NANANANA
Conversion related 2,5881,78800NA
Merger and acquisition related 009223,17310,412
Other operating expenses 19,92818,60919,17817,80817,212
Total noninterest expense 168,824171,210163,874159,925148,389
Income Before Income Taxes 56,76362,13370,97985,22973,613
Income tax provision 15,28117,68020,83625,63922,429
Net Income 41,48244,45350,14359,59051,184
Average Shares Outstanding 97,028,15793,114,65489,356,76788,851,57394,536,472
Average Shares Outstanding Assuming Dilution 97,029,83293,114,65489,356,76788,851,57394,578,490
Per Share Data 
Basic Earnings per Share 0.430.480.560.670.54
Diluted Earnings per Share 0.430.480.560.670.54
Cash Dividends Declared per Common Share
Net Income 41,48244,45350,14359,59051,184
Other comprehensive income (loss), before tax (expense) benefit 
Unrealized holding gains (losses) on securities arising during the period (34,975)25,1532,798(6,304)5,935
Less - reclassification adjustment for gains on securities included in net income 1,158(550)153(617)(695)
Unrealized holding (losses) gains on derivatives arising during the period 0472450(479)(631)
Less - reclassification adjustment for losses (gains) on derivatives included in net income 0(10)(49)(70)93
Total other comprehensive income (loss), before tax (expense) benefit (33,598)24,7523,250(7,139)4,702
Income tax (expense) benefit related to items of other comprehensive income (loss) (11,751)8,6631,137(2,498)(1,646)
Total other comprehensive income (loss) NANANANA3,056
Unrealized gains (losses) for postretirement obligation 
Transition obligation 0000NA
Net gain (loss) 219(313)(102)331NA
Comprehensive Income 19,63560,54252,25654,94954,240

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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