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Quarterly Financial Information
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
23.
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Financial information by quarter for 2013 and 2012 is as follows:
 
 
Quarters
 
 
(In thousands, except per share amounts)
 
First
 
Second
 
Third
 
Fourth
 
Year
2013:
 
 
 
 
 
 
 
 
 
 
Gross interest income
 
$
484,748

 
$
493,233

 
$
473,407

 
$
490,017

 
$
1,941,405

Net interest income
 
418,115

 
430,657

 
415,521

 
432,035

 
1,696,328

Provision for loan losses
 
(29,035
)
 
(21,990
)
 
(5,573
)
 
(30,538
)
 
(87,136
)
Noninterest income:
 
 
 
 
 
 
 
 
 
 
Net impairment losses on investment securities
 
(10,117
)
 
(4,217
)
 
(9,067
)
 
(141,733
)
 
(165,134
)
Investment securities gains (losses), net
 
6,131

 
1,056

 
4,745

 
(6,310
)
 
5,622

Other noninterest income
 
125,205

 
128,309

 
126,512

 
116,893

 
496,919

Noninterest expense
 
397,348

 
451,678

 
370,663

 
494,750

 
1,714,439

Income before income taxes (benefit)
 
171,021

 
126,117

 
172,621

 
(63,327
)
 
406,432

Net income (loss)
 
110,387

 
83,026

 
111,514

 
(41,472
)
 
263,455

Net income (loss) applicable to controlling interest
 
110,723

 
83,026

 
111,514

 
(41,472
)
 
263,791

Preferred stock dividends
 
(22,399
)
 
(27,641
)
 
(27,507
)
 
(17,965
)
 
(95,512
)
Preferred stock redemption
 
—

 
—

 
—

 
125,700

 
125,700

Net earnings (loss) applicable to common shareholders
 
88,324

 
55,385

 
209,707

 
(59,437
)
 
293,979

 
 
 
 
 
 
 
 
 
 
 
Net earnings (loss) per common share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.48

 
$
0.30

 
$
1.13

 
$
(0.32
)
 
$
1.58

Diluted
 
0.48

 
0.30

 
1.12

 
(0.32
)
 
1.58

 
 
 
 
 
 
 
 
 
 
 
2012:
 
 
 
 
 
 
 
 
 
 
Gross interest income
 
$
518,877

 
$
512,588

 
$
509,000

 
$
498,257

 
$
2,038,722

Net interest income
 
437,478

 
426,344

 
438,161

 
429,957

 
1,731,940

Provision for loan losses
 
15,664

 
10,853

 
(1,889
)
 
(10,401
)
 
14,227

Noninterest income:
 
 
 
 
 
 
 
 
 
 
Net impairment losses on investment securities
 
(10,209
)
 
(7,308
)
 
(2,736
)
 
(83,808
)
 
(104,061
)
Investment securities gains, net
 
9,865

 
5,626

 
5,729

 
9,577

 
30,797

Other noninterest income
 
112,164

 
130,347

 
122,233

 
128,390

 
493,134

Noninterest expense
 
392,372

 
401,656

 
394,975

 
407,014

 
1,596,017

Income before income taxes
 
141,262

 
142,500

 
170,301

 
87,503

 
541,566

Net income
 
89,403

 
91,464

 
109,597

 
57,686

 
348,150

Net income applicable to controlling interest
 
89,676

 
91,737

 
109,851

 
58,252

 
349,516

Preferred stock dividends
 
(64,187
)
 
(36,522
)
 
(47,529
)
 
(22,647
)
 
(170,885
)
Net earnings applicable to common shareholders
 
25,489

 
55,215

 
62,322

 
35,605

 
178,631

 
 
 
 
 
 
 
 
 
 
 
Net earnings per common share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.14

 
$
0.30

 
$
0.34

 
$
0.19

 
$
0.97

Diluted
 
0.14

 
0.30

 
0.34

 
0.19

 
0.97

Certain amounts related primarily to gross and net interest income, and noninterest income, were changed from previously filed Form 10-Qs for the first, second and third quarters of 2012. The changes were due to reclassifications between interest and fees on loans, and other service charges, commissions and fees. See related discussion in Note 1.
As discussed in Note 6, we made a significant 2013 fourth quarter adjustment recognizing OTTI for certain impairment losses on CDO investment securities.