XML 50 R30.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Financial Information
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
22.
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
Financial information by quarter for 2016 and 2015 is as follows:
 
Quarters
 
 
(In thousands, except per share amounts)
First
 
Second
 
Third
 
Fourth
 
Year
2016
 
 
 
 
 
 
 
 
 
Gross interest income
$
474,901

 
$
486,952

 
$
490,695

 
$
501,766

 
$
1,954,314

Net interest income
452,842

 
464,849

 
469,187

 
480,470

 
1,867,348

Provision for loan losses
42,145

 
34,492

 
18,825

 
(2,687
)
 
92,775

Noninterest income:
 
 
 
 
 
 
 
 

Investment securities gains (losses), net
(522
)
 
2,734

 
8,480

 
(3,422
)
 
7,270

Other noninterest income
117,283

 
122,983

 
136,407

 
131,666

 
508,339

Noninterest expense
395,573

 
381,894

 
403,292

 
404,515

 
1,585,274

Income before income taxes
131,885

 
174,180

 
191,957

 
206,886

 
704,908

Net income
90,437

 
113,949

 
127,263

 
137,401

 
469,050

Preferred stock dividends
(11,660
)
 
(13,543
)
 
(10,368
)
 
(12,411
)
 
(47,982
)
Preferred stock redemption
—

 
(9,759
)
 
—

 
—

 
(9,759
)
Net earnings applicable to common shareholders
78,777

 
90,647

 
116,895

 
124,990

 
411,309

Net earnings per common share:
 
 
 
 
 
 
 
 
 
Basic
$
0.38

 
$
0.44

 
$
0.57

 
$
0.61

 
$
2.00

Diluted
0.38

 
0.44

 
0.57

 
0.60

 
1.99

2015
 
 
 
 
 
 
 
 
 
Gross interest income
$
448,446

 
$
455,236

 
$
456,230

 
$
473,559

 
$
1,833,471

Net interest income
417,346

 
423,704

 
425,377

 
448,833

 
1,715,260

Provision for loan losses
(1,494
)
 
566

 
18,262

 
22,701

 
40,035

Noninterest income:
 
 
 
 
 
 
 
 
 
Investment securities gains (losses), net
3,114

 
(133,597
)
 
3,577

 
46

 
(126,860
)
Other noninterest income
114,224

 
128,915

 
122,367

 
118,595

 
484,101

Noninterest expense
392,977

 
398,997

 
391,280

 
397,353

 
1,580,607

Income before income taxes
143,201

 
19,459

 
141,779

 
147,420

 
451,859

Net income
92,025

 
13,960

 
100,999

 
102,487

 
309,471

Preferred stock dividends
(16,746
)
 
(15,060
)
 
(16,761
)
 
(14,290
)
 
(62,857
)
Net earnings (loss) applicable to common shareholders
75,279

 
(1,100
)
 
84,238

 
88,197

 
246,614

Net earnings (loss) per common share:
 
 
 
 
 
 
 
 
 
Basic
$
0.37

 
$
(0.01
)
 
$
0.41

 
$
0.43

 
$
1.20

Diluted
0.37

 
(0.01
)
 
0.41

 
0.43

 
1.20

Certain prior year amounts have been reclassified to conform with the current year presentation. These reclassifications did not affect net income. See related discussion in Note 1.
As discussed in Note 5, we recognized a loss during the second quarter of 2015 on the sale of our remaining CDO investment securities.