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Consolidated Statement of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income    
Loans and leases, including fees$ 655,581$ 603,199$ 1,873,860$ 1,788,245
Deposits at banks1,164341,67945
Federal funds sold2395129
Agreements to resell securities43213236
Trading account31294982287
Investment securities    
Fully taxable60,88080,043192,369250,922
Exempt from federal taxes2,3872,4897,0147,506
Total interest income720,351685,9002,076,0872,047,070
Interest expense    
NOW accounts354219830638
Savings deposits22,66421,45362,66063,366
Time deposits17,68423,30956,06579,009
Deposits at Cayman Islands office1883157751,016
Short-term borrowings2227608612,373
Long-term borrowings62,52069,976183,171207,239
Total interest expense103,632116,032304,362353,641
Net interest income616,719569,8681,771,7251,693,429
Provision for credit losses58,00093,000196,000283,000
Net interest income after provision for credit losses558,719476,8681,575,7251,410,429
Other income    
Mortgage banking revenues38,14161,052125,448149,612
Service charges on deposit accounts121,577117,733351,024367,004
Trust income113,65230,485218,56591,582
Brokerage services income13,90712,12743,12938,021
Trading account and foreign exchange gains4,1766,03519,25314,531
Gain on bank investment securities891,440150,1861,909
Total other-than-temporary impairment ("OTTI") losses(7,649)(16,486)(50,374)(67,052)
Portion of OTTI losses recognized in other comprehensive income (before taxes)(1,993)6,954(1,839)8,338
Net OTTI losses recognized in earnings(9,642)(9,532)(52,213)(58,714)
Equity in earnings of Bayview Lending Group LLC(6,911)(6,460)(18,812)(18,353)
Other revenues from operations93,39377,019347,878235,570
Total other income368,382289,8991,184,458821,162
Other expense    
Salaries and employee benefits325,197246,389891,465756,296
Equipment and net occupancy68,10154,353184,434165,185
Printing, postage and supplies10,5937,82029,51825,412
Amortization of core deposit and other intangible assets17,40113,52644,45544,834
FDIC assessments26,70118,03972,40460,995
Other costs of operations214,026140,006516,209392,841
Total other expense662,019480,1331,738,4851,445,563
Income before taxes265,082286,6341,021,698786,028
Income taxes81,97494,619309,959254,309
Net income183,108192,015711,739531,719
Net income available to common shareholders    
Basic164,668176,780651,941486,811
Diluted$ 164,671$ 176,789$ 651,966$ 486,831
Net income per common share    
Basic$ 1.32$ 1.49$ 5.34$ 4.12
Diluted$ 1.32$ 1.48$ 5.32$ 4.10
Cash dividends per common share$ 0.70$ 0.70$ 2.10$ 2.10
Average common shares outstanding    
Basic124,575118,320122,005118,048
Diluted124,860119,155122,521118,766