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Investor Relation - As Reported Financials

Investor Relation

As Reported Financials

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q2 YTD 10-Q 6/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q2 YTD 10-Q 6/30/2019 USD

INTEREST AND DIVIDEND INCOME

Loans, including fees $203,993 $226,993 $272,007 $331,961 $191,917

Interest and dividends on securities

Taxable $39,314 $38,490 $38,631 $56,898 $33,175
Tax-exempt $16,764 $18,390 $19,489 $20,778 $10,684
Total interest and dividends on securities $56,078 $56,880 $58,120 $77,676 $43,859
Other interest income $1,641 $2,224 $2,297 $5,320 $2,820
Total interest and dividend income $261,712 $286,097 $332,424 $414,957 $238,596

INTEREST EXPENSE

Interest bearing demand deposits $1,943 $2,817 $6,452 $13,144 $8,259
Money market deposits $1,914 $1,860 $2,775 $5,016 $3,908
Savings deposits $640 $696 $745 $1,225 $1,200
Certificates of deposit $11,033 $10,419 $10,108 $12,450 $8,001
Total interest expense on deposits $15,530 $15,792 $20,080 $31,835 $21,368
Federal Home Loan Bank borrowings $5,510 $11,985 $13,290 $23,333 $12,624
Other short-term borrowings $370 $478 $1,442 $3,717 $3,039
Subordinated debt and junior subordinated debt $3,315 $4,512 $7,317 $8,836 $4,743
Total interest expense $24,725 $32,767 $42,129 $67,721 $41,774
NET INTEREST INCOME $236,987 $253,330 $290,295 $347,236 $196,822
Provision for credit losses $8,353 $8,478 $9,986 $7,764 $5,254
Net interest income after provision for credit losses $228,634 $244,852 $280,309 $339,472 $191,568

NON-INTEREST INCOME

Trust fees $21,900 $21,630 $22,740 $24,623 $13,454
Service charges on deposits $16,743 $18,333 $20,532 $23,670 $12,747
Electronic banking fees $14,361 $15,596 $19,183 $23,300 $13,046
Net securities brokerage revenue $7,692 $6,449 $6,672 $7,186 $3,833
Bank-owned life insurance $4,863 $4,064 $4,794 $6,427 $2,659
Mortgage banking income $2,071 $2,529 $5,053 $5,840 $2,674
Net securities gains $948 $2,357 $567 ($900) $3,566
Net gain on other real estate owned and other assets $356 $790 $658 $524 $512
Other income $5,532 $9,751 $8,641 $9,606 $6,438
Total non-interest income $74,466 $81,499 $88,840 $100,276 $58,929

NON-INTEREST EXPENSE

Salaries and wages $77,340 $84,281 $97,361 $114,602 $62,585
Employee benefits $26,896 $27,952 $29,933 $30,079 $19,694
Net occupancy $13,635 $14,664 $17,101 $19,165 $10,951
Equipment $13,194 $14,543 $16,026 $17,207 $9,651
Marketing $5,646 $5,391 $5,720 $5,368 $2,497
FDIC insurance $4,107 $3,990 $3,504 $3,242 $2,508
Amortization of intangible assets $3,136 $3,598 $4,940 $6,980 $4,978
Restructuring and merger-related expense $11,082 $13,261 $945 $17,860 $3,188
Other operating expenses $38,887 $41,000 $45,330 $50,721 $30,333
Total non-interest expense $193,923 $208,680 $220,860 $265,224 $146,385
Income before provision for income taxes $109,177 $117,671 $148,289 $174,524 $104,112
Provision for income taxes $28,415 $31,036 $53,807 $31,412 $18,961
NET INCOME $80,762 $86,635 $94,482 $143,112 $85,151

EARNINGS PER COMMON SHARE

Basic $2.15 $2.16 $2.15 $2.93 $1.56
Diluted $2.15 $2.16 $2.14 $2.92 $1.56

AVERAGE COMMON SHARES OUTSTANDING

Basic $37,488,331 $40,100,320 $44,003,208 $48,889,041 $54,613,346
Diluted $37,547,127 $40,127,076 $44,075,293 $49,022,990 $54,724,209
DIVIDENDS DECLARED PER COMMON SHARE $0.92 $0.96 $1.04 $1.16 $0.62

COMPREHENSIVE INCOME

Net income $80,762 $86,635 $94,482 $143,112 NA

Securities available-for-sale

Net change in unrealized (losses) on securities available-for-sale ($10,552) ($6,761) ($1,702) ($9,228) NA
Related income tax benefit $3,875 $2,461 $717 $2,008 NA
Net securities losses (gains) reclassified into earnings ($596) ($2,251) ($42) $15 NA
Related income tax (benefit) expense $219 $823 $15 ($4) NA
Net effect on other comprehensive income for the period ($7,054) ($5,728) ($1,012) ($7,209) NA

Securities held-to-maturity

Amortization of unrealized gain transferred from available-for-sale ($494) ($357) ($326) ($244) NA
Related income tax expense $182 $132 $117 $56 NA
Net effect on other comprehensive income for the period ($312) ($225) ($209) ($188) NA

Defined benefit plans

Amortization of net loss and prior service costs $3,205 $3,046 $3,247 $2,948 NA
Related income tax benefit ($1,201) ($1,153) ($1,053) ($822) NA
Recognition of unrealized (loss) gain $5,106 ($3,329) $380 ($54) NA
Related income tax benefit (expense) ($1,873) $1,217 ($141) $12 NA
Net effect on other comprehensive income for the period $5,237 ($219) $2,433 $2,084 NA
Total other comprehensive (loss) gain ($2,129) ($6,172) $1,212 ($5,313) NA
COMPREHENSIVE INCOME $78,633 $80,463 $95,694 $137,799 $127,135
Data shown on this page is extracted directly from the company’s documents. S&P 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, S&P, as always, stands by its commitment to the quality of the data.

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