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Shareholders' Equity and Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]  
Components Of Other Comprehensive Income (Loss)
The following tables summarize the components of other comprehensive income (loss), including the related income tax effects, and the related amount reclassified to net income for the periods presented (in thousands).
 
Accumulated
Unrealized
Losses
on Securities
 
Accumulated
Unrealized
Gains on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at July 1, 2018
$
(54,885
)
 
$
11,748

 
$
(38,079
)
 
$
(81,216
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(13,277
)
 
1,851

 
1,942

 
(9,484
)
Amount reclassified from accumulated other comprehensive loss into net income, net of tax
(730
)
 
(1,696
)
 

 
(2,426
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(24
)
 

 

 
(24
)
Net other comprehensive (loss) income during the period, net of tax
$
(14,031
)
 
$
155

 
$
1,942

 
$
(11,934
)
Balance at September 30, 2018
$
(68,916
)
 
$
11,903

 
$
(36,137
)
 
$
(93,150
)
 
 
 
 
 
 
 
 
Balance at January 1, 2018
$
(15,813
)
 
$
7,164

 
$
(33,186
)
 
$
(41,835
)
Cumulative effect adjustment from the adoption of:
 
 
 
 
 
 
 
ASU 2016-01
(1,880
)
 

 

 
(1,880
)
ASU 2018-02
(4,517
)
 
1,543

 

 
(2,974
)
Other comprehensive (loss) income during the period, net of tax, before reclassifications
(46,665
)
 
6,368

 
(2,951
)
 
(43,248
)
Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax
(5
)
 
(3,172
)
 

 
(3,177
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(36
)
 

 

 
(36
)
Net other comprehensive (loss) income during the period, net of tax
$
(46,706
)
 
$
3,196

 
$
(2,951
)
 
$
(46,461
)
Balance at September 30, 2018
$
(68,916
)
 
$
11,903

 
$
(36,137
)
 
$
(93,150
)
 
 
 
 
 
 
 
 
 
Accumulated
Unrealized
Losses
on Securities
 
Accumulated
Unrealized
Gains on
Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at July 1, 2017
$
(15,022
)
 
$
4,959

 
$
(36,474
)
 
$
(46,537
)
Other comprehensive income during the period, net of tax, before reclassifications
653

 
228

 
4,206

 
5,087

Amount reclassified from accumulated other comprehensive income into net income, net of tax
(24
)
 
8

 

 
(16
)
Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(20
)
 

 

 
(20
)
Net other comprehensive income during the period, net of tax
$
609

 
$
236

 
$
4,206

 
$
5,051

Balance at September 30, 2017
$
(14,413
)
 
$
5,195

 
$
(32,268
)
 
$
(41,486
)
 
 
 
 
 
 
 
 
Balance at January 1, 2017
$
(29,309
)
 
$
4,165

 
$
(40,184
)
 
$
(65,328
)
Other comprehensive income during the period, net of tax, before reclassifications
15,815

 
393

 
7,916

 
24,124

Amount reclassified from accumulated other comprehensive income into net income, net of tax
(19
)
 
637

 

 
618

Amount reclassified from accumulated other comprehensive loss related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale, net of tax
(900
)
 

 

 
(900
)
Net other comprehensive income during the period, net of tax
$
14,896

 
$
1,030

 
$
7,916

 
$
23,842

Balance at September 30, 2017
$
(14,413
)
 
$
5,195

 
$
(32,268
)
 
$
(41,486
)
Other Comprehensive Income Reclassified from AOCI
 
 
Amount Reclassified from Accumulated Other Comprehensive Income for the
 
 
Details Regarding the Component of Accumulated Other Comprehensive Income
 
Three Months Ended
 
Nine Months Ended
 
Impacted Line on the
Consolidated Statements of Income
 
September 30,
 
September 30,
 
 
2018
 
2017
 
2018
 
2017
 
Accumulated unrealized losses on securities
 
 
 
 
 
 
 
 
 
 
Gains included in net income
 
$
1,001

 
$
39

 
$
6

 
$
31

 
Gains (losses) on investment securities, net
 
 
1,001

 
39

 
6

 
31

 
Income before taxes
Tax effect
 
$
(271
)
 
$
(15
)
 
$
(1
)
 
$
(12
)
 
Income tax expense
Net of tax
 
$
730

 
$
24

 
$
5

 
$
19

 
Net income
 
 
 
 
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
 
 
 
 
Amount reclassified to interest expense on deposits
 
$
(2,319
)
 
$
(380
)
 
$
(4,338
)
 
$
(15
)
 
Interest on deposits
Amount reclassified to interest expense on junior subordinated debentures
 

 
394

 

 
1,066

 
Interest on junior subordinated debentures
 
 
2,319

 
(14
)
 
4,338

 
(1,051
)
 
Income before taxes
Tax effect
 
$
(623
)
 
$
6

 
$
(1,166
)
 
$
414

 
Income tax expense
Net of tax
 
$
1,696

 
$
(8
)
 
$
3,172

 
$
(637
)
 
Net income
Computation Of Basic And Diluted Earnings Per Common Share
The following table shows the computation of basic and diluted earnings per share for the periods indicated:
 
 
 
Three Months Ended
 
Nine Months Ended
(In thousands, except per share data)
 
 
September 30,
2018
 
September 30,
2017
 
September 30,
2018
 
September 30,
2017
Net income
 
 
$
91,948

 
$
65,626

 
$
263,509

 
$
188,901

Less: Preferred stock dividends
 
 
2,050

 
2,050

 
6,150

 
7,728

Net income applicable to common shares—Basic
(A)
 
89,898

 
63,576

 
257,359

 
181,173

Add: Dividends on convertible preferred stock, if dilutive
 
 

 

 

 
1,578

Net income applicable to common shares—Diluted
(B)
 
89,898

 
63,576

 
257,359

 
182,751

Weighted average common shares outstanding
(C)
 
56,366

 
55,796

 
56,268

 
54,292

Effect of dilutive potential common shares
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
918

 
966

 
912

 
988

Convertible preferred stock, if dilutive
 
 

 

 

 
1,317

Total dilutive potential common shares
 
 
918

 
966

 
912

 
2,305

Weighted average common shares and effect of dilutive potential common shares
(D)
 
57,284

 
56,762

 
57,180

 
56,597

Net income per common share:
 
 
 
 
 
 
 
 
 
Basic
(A/C)
 
$
1.59

 
$
1.14

 
$
4.57

 
$
3.34

Diluted
(B/D)
 
$
1.57

 
$
1.12

 
$
4.50

 
$
3.23