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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Loans, including fees $ 215,737 $ 215,656 $ 427,080 $ 432,210
Investment securities available for sale 14,490 12,986 29,746 23,718
Trading account assets 90 124 251 278
Mortgage loans held for sale 616 1,411 1,018 3,118
Federal Reserve Bank balances 472 904 998 1,684
Other earning assets 808 432 1,502 895
Total interest income 232,213 231,513 460,595 461,903
Interest expense:        
Deposits 13,521 15,894 27,742 32,610
Federal funds purchased and securities sold under repurchase agreements 75 80 151 170
Long-term debt 13,566 13,462 27,136 27,232
Total interest expense 27,162 29,436 55,029 60,012
Net interest income 205,051 202,077 405,566 401,891
Provision for loan losses 12,284 13,077 21,795 48,773
Net interest income after provision for loan losses 192,767 189,000 383,771 353,118
Non-interest income:        
Service charges on deposit accounts 19,238 19,195 38,451 38,716
Fiduciary and asset management fees 11,296 11,111 22,329 22,083
Brokerage revenue 6,707 7,002 12,920 14,595
Mortgage banking income 5,283 7,338 8,794 14,255
Bankcard fees 8,695 7,838 16,212 14,902
Investment securities gains, net 0 1,403 1,331 1,448
Other fee income 4,928 5,775 9,791 11,262
Decrease in fair value of private equity investments, net (119) (883) (369) (1,140)
Gain on sale of Memphis branches, net 0 0 5,789 0
Other non-interest income 7,360 6,313 18,321 13,692
Total non-interest income 63,388 65,092 133,569 129,813
Non-interest expense:        
Salaries and other personnel expense 92,540 89,479 185,985 183,396
Net occupancy and equipment expense 26,425 26,383 52,480 50,550
Third-party services 9,464 10,366 19,561 20,295
FDIC insurance and other regulatory fees 8,049 7,941 17,768 16,420
Professional fees 8,224 10,416 15,901 17,511
Advertising expense 6,281 1,821 8,757 3,399
Foreclosed real estate expense, net 4,063 7,502 9,745 18,441
Losses on other loans held for sale, net (40) (86) 2,226 79
Visa Indemnification charge 356 764 752 801
Restructuring charges 7,716 1,758 16,293 6,607
Other operating expenses 19,127 24,842 36,897 45,973
Total non-interest expense 182,205 181,186 366,365 363,472
Income before income taxes 73,950 72,906 150,975 119,459
Income tax expense 27,078 27,371 55,686 44,350
Net income 46,872 45,535 95,289 75,109
Dividends and accretion of discount on preferred stock 2,559 14,818 5,119 29,594
Net income available to common shareholders $ 44,313 $ 30,717 $ 90,170 $ 45,515
Net income per common share, basic $ 0.32 $ 0.25 $ 0.65 $ 0.39
Net income per common share, diluted $ 0.32 $ 0.24 $ 0.65 $ 0.35
Weighted average common shares outstanding, basic 138,991 121,585 138,961 117,035
Weighted average common shares outstanding, diluted 139,567 130,134 139,535 130,127