Basic Checking

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore.

Get Started

Income Statement

Excel downloadEmail pagePDF viewPrint viewEmail AlertRSS FeedsTear sheetSocial media sharing
 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
(in thousands)     
Consolidated Statements of Net Income 
Interest and dividend income 
Loans 133,011165,409179,819200,73454,780
Securities - taxable interest 16,36720,03919,67822,5505,498
Securities - non-taxable interest 5,1138,3548,3929,6792,429
Securities - dividends 1,3022,3633,9202,902637
Interest-bearing deposits 86180343389150
Total interest and dividend income 155,879196,345212,152236,25463,494
Interest expense 
Deposits 13,55921,44225,57633,56511,027
Borrowed funds 4,44810,32115,47718,4475,924
Total interest expense 18,00731,76341,05352,01216,951
Net interest income 137,872164,582171,099184,24246,543
Provision for loan losses 9,49613,00513,4379,3961,939
Net interest income after provision for loan losses 128,376151,577157,662174,84644,604
Non-interest income 
Service charges and fees 13,50921,04020,25924,2096,159
Gain on sales of securities, net 1,2289391,961782116
Income from mortgage banking activities 3,2039,5528,2275,5391,729
Bank-owned life insurance income 3,0423,6163,3945,4621,646
Net loss on limited partnership investments (4,224)(3,136)(3,995)(3,023)(590)
Other income (153)476238431229
Total non-interest income 16,60532,48730,08433,4009,289
Non-interest expense 
Salaries and employee benefits 59,33267,46975,38480,06121,198
Service bureau fees 8,1796,7287,9868,0982,218
Occupancy and equipment 13,23915,44214,98616,9024,949
Professional fees 3,6626,3173,9174,3051,164
Marketing and promotions 2,2962,3213,0494,047685
FDIC insurance assessments 2,5533,6923,5733,076739
Core deposit intangible amortization 1,2831,7961,6041,411337
Merger related expense 36,9181,57500NA
FHLBB prepayment penalties 001,4540NA
Other 16,97022,85522,02023,6855,446
Total non-interest expense 144,432128,195133,973141,58536,736
Income before income taxes 54955,86953,77366,66117,157
Provision for income taxes (6,233)6,2294,11212,0431,370
Net income 6,78249,64049,66154,61815,787
Net income per share 
Weighted-average shares outstanding 
Basic 42,829,09448,912,80749,731,14950,283,07150,474,942
Diluted 43,269,51749,385,56650,089,03050,922,65250,996,596
Consolidated Statements of Comprehensive Income 
Net income 6,78249,64049,66154,61815,787
Other comprehensive (loss) income 
Securities available-for-sale 
Unrealized holding (losses) gains 13,847(5,912)(5,063)4,731(16,990)
Reclassification adjustment for gains realized in operations (1,228)(939)(1,961)(782)(116)
Net unrealized (losses) gains 12,619(6,851)(7,024)3,949(17,106)
Tax effect - benefit (expense) (4,430)2,4622,529(1,416)3,933
Net-of-tax amount - securities available-for-sale 8,189(4,389)(4,495)2,533(13,173)
Interest rate swaps designated as cash flow hedges 
Unrealized gains (8,385)(3,108)(1,472)(313)4,432
Reclassification adjustment for losses recognized in interest expense 0122,3621,487345
Net unrealized gains (8,385)(3,096)8901,1744,777
Tax effect - expense 2,9451,116(321)(423)(1,052)
Net-of-tax amount - interest rate swaps (5,440)(1,980)5697513,725
Pension and Post-retirement plans 
Gains (losses) arising during the period (6,832)2,106(1,358)(220)NA
Reclassification adjustment for prior service costs recognized in net periodic benefit cost 137772
Reclassification adjustment for losses recognized in net periodic benefit cost (286)759495571123
Prior service cost arising during the period 168NANANANA
Net change in gains and prior service costs (6,937)2,872(856)358125
Tax effect - expense 2,464(892)308(129)(27)
Net-of-tax amount - pension and post-retirement plans (4,473)1,980(548)22998
Total other comprehensive (loss) income (1,724)(4,389)(4,474)3,513(9,350)
Comprehensive income 5,05845,25145,18758,1316,437

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.

Copyright 2018, © S&P Global Market Intelligence  Terms of Use