Income Statement

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 2017 Y2018 Q3 YTD
Source Document12/31/2017 9/30/2018 
Currency CodeUSDUSD
(in thousands)  
Interest income
Loan accretion34,09620,695
Investment securities22,25818,092
Deposits with other financial institutions7661,673
Total interest income208,378190,873
Interest expense
FHLB borrowings463463
Notes payable3824
Federal funds purchased and repurchase agreements3218
Total interest expense15,59221,302
Net interest income192,786169,571
Provision for loan and lease losses6,1107,810
Net interest income after provision for loan and lease losses186,676161,761
Noninterest income
Amortization of FDIC receivable for loss share agreements0NA
Service charges on deposits6,1914,659
Mortgage banking income11,3417,868
SBA income6,4913,845
Payroll fee incomeNANA
Payroll and insurance income6,0985,035
ATM income3,3822,698
Bank-owned life insurance income1,9421,459
Prepayment feesNANA
Gain on sale of investment securities(1,453)431
Total noninterest income39,75731,116
Noninterest expense
Salaries and employee benefits91,84473,487
Occupancy and equipment13,37210,157
Data processing10,2048,400
Legal and professional fees4,3762,893
Merger-related expenses5,33014,832
Federal deposit insurance premiums and other regulatory fees1,7001,617
Loan collection costs and OREO activity(716)(154)
Amortization of intangibles2,8151,960
Total noninterest expense138,817125,569
Income before income taxes87,61667,308
Income tax expense41,04213,221
Net income46,57454,087
Basic earnings per share1.21.38
Diluted earnings per share1.191.38
Cash dividends declared per common share0.560.6
Weighted Average Shares Outstanding
Consolidated Statements of Comprehensive Income
Net income46,57454,087
Other comprehensive income (loss), net of tax
Net change in unrealized (losses) gains(2,816)(12,296)
Amortization of net unrealized losses (gains) on securities transferred to held-to-maturity19630
Transfer of unrealized gain from held-to-maturity to available-for-saleNA(51)
Amounts reclassified for (gains) losses realized and included in earnings3,071(340)
Other comprehensive (loss) income, before income taxes451(12,657)
Income tax expense108(2,860)
Other comprehensive (loss) income, net of income taxes343(9,797)
Comprehensive income46,91744,290

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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