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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 Q3 YTD 10-Q 9/30/2019 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 Q3 YTD 10-Q 9/30/2019 USD

INTEREST AND DIVIDEND INCOME

Loans, including fees $203,993 $226,993 $272,007 $331,961 $287,287

Interest and dividends on securities

Taxable $39,314 $38,490 $38,631 $56,898 $49,061
Tax-exempt $16,764 $18,390 $19,489 $20,778 $15,443
Total interest and dividends on securities $56,078 $56,880 $58,120 $77,676 $64,504
Other interest income $1,641 $2,224 $2,297 $5,320 $4,153
Total interest and dividend income $261,712 $286,097 $332,424 $414,957 $355,944

INTEREST EXPENSE

Interest bearing demand deposits $1,943 $2,817 $6,452 $13,144 $12,749
Money market deposits $1,914 $1,860 $2,775 $5,016 $5,881
Savings deposits $640 $696 $745 $1,225 $2,061
Certificates of deposit $11,033 $10,419 $10,108 $12,450 $11,831
Total interest expense on deposits $15,530 $15,792 $20,080 $31,835 $32,522
Federal Home Loan Bank borrowings $5,510 $11,985 $13,290 $23,333 $19,269
Other short-term borrowings $370 $478 $1,442 $3,717 $4,392
Subordinated debt and junior subordinated debt $3,315 $4,512 $7,317 $8,836 $6,820
Total interest expense $24,725 $32,767 $42,129 $67,721 $63,003
NET INTEREST INCOME $236,987 $253,330 $290,295 $347,236 $292,941
Provision for credit losses $8,353 $8,478 $9,986 $7,764 $9,375
Net interest income after provision for credit losses $228,634 $244,852 $280,309 $339,472 $283,566

NON-INTEREST INCOME

Trust fees $21,900 $21,630 $22,740 $24,623 $19,880
Service charges on deposits $16,743 $18,333 $20,532 $23,670 $19,803
Electronic banking fees $14,361 $15,596 $19,183 $23,300 $18,299
Net securities brokerage revenue $7,692 $6,449 $6,672 $7,186 $5,597
Bank-owned life insurance $4,863 $4,064 $4,794 $6,427 $4,032
Mortgage banking income $2,071 $2,529 $5,053 $5,840 $5,262
Net securities gains $948 $2,357 $567 ($900) $3,800
Net gain on other real estate owned and other assets $356 $790 $658 $524 $670
Other income $5,532 $9,751 $8,641 $9,606 $8,535
Total non-interest income $74,466 $81,499 $88,840 $100,276 $85,878

NON-INTEREST EXPENSE

Salaries and wages $77,340 $84,281 $97,361 $114,602 $95,501
Employee benefits $26,896 $27,952 $29,933 $30,079 $29,419
Net occupancy $13,635 $14,664 $17,101 $19,165 $16,343
Equipment $13,194 $14,543 $16,026 $17,207 $14,924
Marketing $5,646 $5,391 $5,720 $5,368 $4,002
FDIC insurance $4,107 $3,990 $3,504 $3,242 $1,287
Amortization of intangible assets $3,136 $3,598 $4,940 $6,980 $7,424
Restructuring and merger-related expense $11,082 $13,261 $945 $17,860 $4,876
Other operating expenses $38,887 $41,000 $45,330 $50,721 $45,876
Total non-interest expense $193,923 $208,680 $220,860 $265,224 $219,652
Income before provision for income taxes $109,177 $117,671 $148,289 $174,524 $149,792
Provision for income taxes $28,415 $31,036 $53,807 $31,412 $27,295
NET INCOME $80,762 $86,635 $94,482 $143,112 $122,497

EARNINGS PER COMMON SHARE

Basic $2.15 $2.16 $2.15 $2.93 $2.24
Diluted $2.15 $2.16 $2.14 $2.92 $2.24

AVERAGE COMMON SHARES OUTSTANDING

Basic $37,488,331 $40,100,320 $44,003,208 $48,889,041 $54,641,057
Diluted $37,547,127 $40,127,076 $44,075,293 $49,022,990 $54,705,761
DIVIDENDS DECLARED PER COMMON SHARE $0.92 $0.96 $1.04 $1.16 $0.93

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 $170,290
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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