Summary of Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2013

Summary of Quarterly Financial Data (Unaudited)

Presented below is a summary of the unaudited consolidated quarterly financial data for the years ended December 31, 2013 and 2012.



	2013
(in thousands, except per share data)	Fourth Quarter			Third Quarter		Second Quarter		First Quarter
Interest income	$	233,258		233,852		231,513		230,391
Net interest income	204,331			203,970		202,077		199,814
Provision for loan losses	14,064			6,761		13,077		35,696
Income before income taxes	59,710			73,459		72,906		46,553
Income tax expense	21,130			27,765		27,371		16,979
Net income⁽¹⁾	38,580			45,694		45,535		29,574
Net income available to common shareholders⁽¹⁾	$	35,850		37,188		30,717		14,798
Basic earnings per common share:
Net income available to common shareholders	$	0.04		0.04		0.04		0.02
Diluted earnings per common share:
Net income available to common shareholders	$	0.04		0.04		0.03		0.02

	2012
	Fourth Quarter			Third Quarter		Second Quarter		First Quarter
Interest income	$	240,000		247,676		253,809		262,654
Net interest income	207,456			212,345		213,356		220,959
Provision for loan losses	146,526			63,572		44,222		66,049
Income (loss) before income taxes	(72,299		)	30,514		37,347		35,916
Income tax benefit	(796,339		)	(211	)	(2,105	)	(77	)
Net income ⁽²⁾	724,040			30,725		39,452		35,993
Net income available common shareholders⁽²⁾	$	709,304		16,030		24,803		21,369
Basic earnings per common share:
Net income available to common shareholders	$	0.90		0.02		0.03		0.03
Diluted earnings per common share:
Net income available to common shareholders	$	0.78		0.02		0.03		0.02

⁽¹⁾The fourth quarter of 2013 results include litigation loss contingency expense of $10.0 million

⁽²⁾ The fourth quarter of 2012 results reflect a $796.3 million income tax benefit due primarily to the reversal of substantially all of the deferred tax asset valuation allowance. For additional discussion of the valuation allowance for deferred tax assets, see "Part II - Item 8. Financial Statements and Supplementary Data - Note 24 - Income Taxes" of this Report.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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