Income Statement (rptd.)


Investor Search

Email pagePDF viewPrint viewRSS FeedsEmail AlertIR MobileTear sheetSocial media sharing
 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
(in thousands)     
Interest income 
Loans and leases, including fees 179,631181,619185,663192,99248,641
Investment securities 
Investment securities available-for-sale 50,21168,21463,19047,70212,640
Investment securities held-to-maturity 1881649,01820,2275,507
Total investment income 50,39968,37872,20867,92918,147
Dividends from FHLB stock 2,0332,1302,7742,224393
Federal funds sold 221NANANANA
Interest-earning deposits with other institutions and federal funds sold 4897768681,905267
Total interest income 232,773252,903261,513265,05067,448
Interest expense 
Deposits 4,8874,9775,2665,9571,433
Borrowings and customer repurchase agreements 10,99910,9912,8671,478429
Junior subordinated debentures 621421438541153
Total interest expense 16,50716,3898,5717,9762,015
Net interest income before recapture of provision for loan losses 216,266236,514252,942257,07465,433
Recapture of provision for loan losses (16,750)(16,100)(5,600)(6,400)(4,500)
Net interest income after recapture of provision for loan losses 233,016252,614258,542263,47469,933
Noninterest income 
Service charges on deposit accounts 15,92315,77815,56715,0663,727
Trust and investment services 8,0718,1188,6429,5952,296
Bankcard services 3,4813,3863,0942,921765
BOLI income 2,5112,4282,5612,612715
Gain on sale of loans 06,0017321,1010
(Loss) gain on sale of securities, net 2,094NANANANA
Decrease in FDIC loss sharing asset, net (12,860)(3,591)(902)(5)NA
Gain on OREO, net 3,131NANANANA
Other 2,9364,2923,7894,2621,219
Total noninterest income 25,28736,41233,48335,5528,722
Noninterest expense 
Salaries and employee benefits 71,01576,64478,61882,63021,575
Occupancy and equipment 14,50415,26414,89215,6413,684
Professional services 5,7095,4605,7575,0541,257
Software licenses and maintenance 4,6715,4025,3685,4651,561
Marketing and promotion 4,6815,1955,0155,0271,239
Recapture of provision for unfunded loan commitments 500(1,250)(500)(450)NA
Amortization of intangible assets 1,127NANANANA
Debt termination expense 0013,87016NA
OREO expense 856NANANANA
Insurance reimbursements (4,155)NANANANA
Acquisition related expenses 01,9734751,897676
Impairment loss on asset held-for-sale NA002,558NA
Legal settlement NA001,500NA
Other 15,12017,54117,16417,4024,125
Total noninterest expense 114,028126,229140,659136,74034,117
Earnings before income taxes 144,275162,797151,366162,28644,538
Income taxes 48,66758,77652,22160,85716,034
Net earnings 95,608104,02199,145101,42928,504
Other comprehensive income 
Unrealized gain on securities arising during the period, before tax (88,562)69,661(17,550)(17,966)424
Less - Reclassification adjustment for net (gain) loss on securities included in net income (2,094)022(548)NA
Other comprehensive (loss) income, before tax (90,656)69,661(17,528)(18,514)NA
Less - Income tax expense related to items of other comprehensive income 38,075(29,256)7,3627,776(178)
Other comprehensive income, net of tax (52,581)40,405(10,166)(10,738)246
Comprehensive income 43,027144,42688,97990,69128,750
Basic earnings per common share 0.910.980.930.940.26
Diluted earnings per common share 0.910.980.930.940.26
Cash dividends declared per common share 0.390.40.480.480.12

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 2017, © S&P Global Market Intelligence  Terms of Use