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Quarterly Financial Information
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
22.
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Financial information by quarter for 2014 and 2013 is as follows:
 
 
Quarters
 
 
(In thousands, except per share amounts)
 
First
 
Second
 
Third
 
Fourth
 
Year
2014:
 
 
 
 
 
 
 
 
 
 
Gross interest income
 
$
467,568

 
$
463,191

 
$
460,275

 
$
461,959

 
$
1,852,993

Net interest income
 
416,465

 
416,283

 
416,818

 
430,429

 
1,679,995

Provision for loan losses
 
(610
)
 
(54,416
)
 
(54,643
)
 
11,587

 
(98,082
)
Noninterest income:
 
 
 
 
 
 
 
 
 
 
Net impairment losses on investment securities
 
(27
)
 
—

 
—

 
—

 
(27
)
Investment securities gains (losses), net
 
31,826

 
7,539

 
(13,461
)
 
(2,014
)
 
23,890

Other noninterest income
 
106,520

 
117,311

 
129,533

 
131,411

 
484,775

Noninterest expense
 
398,063

 
406,027

 
438,536

 
422,666

 
1,665,292

Income before income taxes
 
157,331

 
189,522

 
148,997

 
125,573

 
621,423

Net income
 
101,210

 
119,550

 
95,888

 
81,814

 
398,462

Preferred stock dividends
 
(25,020
)
 
(15,060
)
 
(16,761
)
 
(15,053
)
 
(71,894
)
Net earnings applicable to common shareholders
 
76,190

 
104,490

 
79,127

 
66,761

 
326,568

 
 
 
 
 
 
 
 
 
 
 
Net earnings per common share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.41

 
$
0.56

 
$
0.40

 
$
0.33

 
$
1.68

Diluted
 
0.41

 
0.56

 
0.40

 
0.33

 
1.68

 
 
 
 
 
 
 
 
 
 
 
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

As discussed in Note 5, we made a significant 2013 fourth quarter adjustment recognizing OTTI for certain impairment losses on CDO investment securities.