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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Loans, including fees $ 217,288 $ 217,982 $ 644,392 $ 650,192
Investment securities available for sale 14,029 13,584 43,775 37,302
Trading account assets 106 155 357 433
Mortgage loans held for sale 701 869 1,719 3,987
Federal Reserve Bank balances 562 814 1,561 2,498
Other earning assets 708 448 2,185 1,343
Total interest income 233,394 233,852 693,989 695,755
Interest expense:        
Deposits 13,504 16,354 41,246 48,964
Federal funds purchased and securities sold under repurchase agreements 35 72 186 242
Long-term debt 13,592 13,456 40,728 40,688
Total interest expense 27,131 29,882 82,160 89,894
Net interest income 206,263 203,970 611,829 605,861
Provision for loan losses 3,843 6,761 25,638 55,534
Net interest income after provision for loan losses 202,420 197,209 586,191 550,327
Non-interest income:        
Service charges on deposit accounts 20,159 19,426 58,610 58,142
Fiduciary and asset management fees 11,207 10,389 33,536 32,471
Brokerage revenue 7,281 6,636 20,201 21,231
Mortgage banking income 4,665 5,314 13,459 19,569
Bankcard fees 8,182 7,760 24,394 22,662
Investment securities gains, net 0 1,124 1,331 2,571
Other fee income 4,704 5,199 14,495 16,461
(Decrease) increase in fair value of private equity investments, net (144) 284 (513) (856)
Gain on sale of Memphis branches, net 0 0 5,789 0
Other non-interest income 7,931 7,446 26,253 21,139
Total non-interest income 63,985 63,578 197,555 193,390
Non-interest expense:        
Salaries and other personnel expense 93,870 92,794 279,855 276,190
Net occupancy and equipment expense 26,956 26,475 79,436 77,025
Third-party processing expense 10,044 10,151 29,604 30,446
FDIC insurance and other regulatory fees 8,013 7,639 25,781 24,059
Professional fees 2,526 11,410 18,427 28,922
Advertising expense 7,177 3,114 15,935 6,513
Foreclosed real estate expense, net 9,074 10,359 18,818 28,800
Losses (gains) on other loans held for sale, net (176) 408 2,050 487
Visa indemnification charges 1,979 0 2,731 801
Restructuring charges 809 687 17,101 7,295
Other operating expenses 33,477 24,291 70,377 70,261
Total non-interest expense 193,749 187,328 560,115 550,799
Income before income taxes 72,656 73,459 223,631 192,918
Income tax expense 25,868 27,765 81,554 72,114
Net income 46,788 45,694 142,077 120,804
Dividends and accretion of discount on preferred stock 2,559 8,506 7,678 38,100
Net income available to common shareholders $ 44,229 $ 37,188 $ 134,399 $ 82,704
Net income per common share, basic $ 0.32 $ 0.27 $ 0.97 $ 0.67
Net income per common share, diluted $ 0.32 $ 0.27 $ 0.96 $ 0.62
Weighted average common shares outstanding, basic 139,043 136,671 138,989 123,652
Weighted average common shares outstanding, diluted 139,726 137,097 139,600 132,476