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QUARTERLY FINANCIAL INFORMATION (unaudited)
12 Months Ended
Dec. 31, 2013
QUARTERLY FINANCIAL INFORMATION (unaudited)  
QUARTERLY FINANCIAL INFORMATION (unaudited)

 

 

NOTE 26QUARTERLY FINANCIAL INFORMATION (unaudited)

 

 

 

Quarters Ended

 

 

 

December 31,

 

September 30,

 

June 30,

 

March 31,

 

 

 

(In thousands, except per share data)

 

2013

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

 $

293,203

 

 

 $

281,706

 

 

 $

255,353

 

 

 $

238,423

 

 

Interest expense

 

28,195

 

 

27,456

 

 

27,709

 

 

29,132

 

 

Net interest income

 

265,008

 

 

254,250

 

 

227,644

 

 

209,291

 

 

Provision for (reversal of) loan losses, excluding covered loans

 

6,286

 

 

4,535

 

 

8,277

 

 

(762

)

 

(Reversal of) provision for loan losses on covered loans

 

(820

)

 

(964

)

 

723

 

 

5,089

 

 

Net interest income after provision for loan losses

 

259,542

 

 

250,679

 

 

218,644

 

 

204,964

 

 

Noninterest loss

 

(36,594

)

 

(41,421

)

 

(12,354

)

 

(2,099

)

 

Noninterest expense

 

124,384

 

 

100,352

 

 

94,420

 

 

96,355

 

 

Income before provision for income taxes

 

98,564

 

 

108,906

 

 

111,870

 

 

106,510

 

 

Provision for income taxes

 

22,782

 

 

35,749

 

 

37,855

 

 

34,419

 

 

Net income

 

 $

75,782

 

 

 $

73,157

 

 

 $

74,015

 

 

 $

72,091

 

 

Preferred stock dividends

 

 

 

 

 

1,714

 

 

1,714

 

 

Net income available to common stockholders

 

 $

75,782

 

 

 $

73,157

 

 

 $

72,301

 

 

 $

70,377

 

 

Basic earnings per share

 

 $

0.55

 

 

 $

0.53

 

 

 $

0.52

 

 

 $

0.51

 

 

Diluted earnings per share

 

 $

0.55

 

 

 $

0.53

 

 

 $

0.52

 

 

 $

0.50

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

 $

276,521

 

 

 $

254,162

 

 

 $

266,362

 

 

 $

254,050

 

 

Interest expense

 

31,577

 

 

32,254

 

 

33,205

 

 

35,132

 

 

Net interest income

 

244,944

 

 

221,908

 

 

233,157

 

 

218,918

 

 

Provision for loan losses, excluding covered loans

 

13,773

 

 

13,321

 

 

16,595

 

 

16,479

 

 

(Reversal of) provision for loan losses on covered loans

 

(689

)

 

5,179

 

 

(1,095

)

 

1,621

 

 

Net interest income after provision for loan losses

 

231,860

 

 

203,408

 

 

217,657

 

 

200,818

 

 

Noninterest (loss) income

 

(18,454

)

 

2,751

 

 

(11,655

)

 

21,740

 

 

Noninterest expense

 

105,206

 

 

100,956

 

 

101,608

 

 

114,763

 

 

Income before provision for income taxes

 

108,200

 

 

105,203

 

 

104,394

 

 

107,795

 

 

Provision for income taxes

 

36,300

 

 

34,093

 

 

33,837

 

 

39,712

 

 

Net income

 

 $

71,900

 

 

 $

71,110

 

 

 $

70,557

 

 

 $

68,083

 

 

Preferred stock dividends

 

1,715

 

 

1,714

 

 

1,714

 

 

1,714

 

 

Net income available to common stockholders

 

 $

70,185

 

 

 $

69,396

 

 

 $

68,843

 

 

 $

66,369

 

 

Basic earnings per share

 

 $

0.50

 

 

 $

0.49

 

 

 $

0.48

 

 

 $

0.46

 

 

Diluted earnings per share

 

 $

0.49

 

 

 $

0.48

 

 

 $

0.47

 

 

 $

0.45