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Quarterly Financial Summary (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Summary (Unaudited)
Quarterly Financial Summary (Unaudited)
The following is a summary of quarterly financial information for the years ended December 31, 2015 and 2014:
 
 
 
2015 Quarters
 
2014 Quarters
(In thousands, except per share data)  
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
Interest income
 
$
170,357

 
175,241

 
185,379

 
187,487

 
$
161,326

 
166,550

 
170,676

 
172,715

Interest expense
 
18,466

 
18,349

 
19,839

 
20,281

 
17,320

 
17,370

 
19,006

 
18,996

Net interest income
 
151,891

 
156,892

 
165,540

 
167,206

 
144,006

 
149,180

 
151,670

 
153,719

Provision for credit losses
 
6,079

 
9,482

 
8,322

 
9,059

 
1,880

 
6,660

 
5,864

 
6,133

Net interest income after provision for credit losses
 
145,812

 
147,410

 
157,218

 
158,147

 
142,126

 
142,520

 
145,806

 
147,586

Non-interest income, excluding net securities gains (losses)
 
64,017

 
77,037

 
65,051

 
65,169

 
45,562

 
54,438

 
58,105

 
57,639

Net securities gains (losses)
 
524

 
(24
)
 
(98
)
 
(79
)
 
(33
)
 
(336
)
 
(153
)
 
18

Non-interest expense
 
147,318

 
154,297

 
159,974

 
166,829

 
131,315

 
133,591

 
138,500

 
143,441

Income before taxes
 
63,035

 
70,126

 
62,197

 
56,408

 
56,340

 
63,031

 
65,258

 
61,802

Income tax expense
 
23,983

 
26,295

 
23,842

 
20,896

 
21,840

 
24,490

 
25,034

 
23,669

Net income
 
$
39,052

 
43,831

 
38,355

 
35,512

 
$
34,500

 
38,541

 
40,224

 
38,133

Preferred stock dividends and discount accretion
 
1,581

 
1,580

 
4,079

 
3,629

 
1,581

 
1,581

 
1,581

 
1,580

Net income applicable to common shares
 
$
37,471

 
42,251

 
34,276

 
31,883

 
$
32,919

 
36,960

 
38,643

 
36,553

Net income per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.79

 
$
0.89

 
$
0.71

 
$
0.66

 
$
0.71

 
$
0.79

 
$
0.83

 
$
0.78

Diluted
 
0.76

 
0.85

 
0.69

 
0.64

 
0.68

 
0.76

 
0.79

 
0.75

Cash dividends declared per common share
 
0.11

 
0.11

 
0.11

 
0.11

 
0.10

 
0.10

 
0.10

 
0.10