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 |
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