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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans $ 227,233 $ 190,294 $ 662,439 $ 545,683
Investment securities 39,712 30,889 109,963 85,393
Other 3,036 2,715 8,850 7,338
Total interest income 269,981 223,898 781,252 638,414
Interest expense:        
Deposits 30,968 23,959 86,427 65,818
Interest Expense, Borrowings 17,278 10,988 51,939 29,939
Total interest expense 48,246 34,947 138,366 95,757
Net interest income before provision for loan losses 221,735 188,951 642,886 542,657
Provision for (recovery of) loan losses (including $(445), $1,073, ($1,119) and $667 for covered loans) 24,408 17,819 42,449 34,387
Net interest income after provision for loan losses 197,327 171,132 600,437 508,270
Non-interest income:        
Income from resolution of covered assets, net 8,883 12,364 26,426 41,261
Net gain (loss) on FDIC indemnification 993 (15,988) (9,410) (53,024)
Service charges and fees 5,171 4,637 14,529 13,580
Gain (loss) on sale of loans, net (including gain (loss) related to covered loans of $(10,033), $9,288, $(14,895) and $26,711) (7,947) 11,301 (7,360) 29,690
Gain on investment securities available for sale, net 3,008 2,343 10,065 5,493
Lease financing 11,188 12,673 32,762 25,954
Other non-interest income 3,779 3,843 10,118 10,018
Total non-interest income 25,075 31,173 77,130 72,972
Non-interest expense:        
Employee compensation and benefits 55,162 55,316 166,374 156,640
Occupancy and equipment 18,488 19,103 56,263 56,207
Amortization of FDIC indemnification asset 38,957 28,409 116,711 76,874
Deposit insurance expense 4,943 3,615 12,866 9,696
Professional fees 3,884 4,095 10,119 10,073
Telecommunications and data processing 3,746 3,451 10,800 10,267
Depreciation of equipment under operating lease 6,855 5,012 20,004 12,522
Other non-interest expense 15,969 13,268 41,087 37,582
Total non-interest expense 148,004 132,269 434,224 369,861
Income before income taxes 74,398 70,036 243,343 211,381
Provision (benefit) for income taxes 23,550 (32,267) 80,896 15,984
Net income $ 50,848 $ 102,303 $ 162,447 $ 195,397
Earnings Per Share, Basic $ 0.47 $ 0.96 $ 1.52 $ 1.84
Earnings Per Share, Diluted 0.47 0.95 1.50 1.83
Cash dividends declared per common share (in Dollars per Share) $ 0.21 $ 0.21 $ 0.63 $ 0.63