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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2012
Acquisitions [Abstract]  
Consideration paid for acquired identifiable assets and liabilities
         
    (in thousands)  

Purchase price:

       

Value of:

       

Common shares issued (4,694,486 shares)

  $ 405,557  

Preferred stock purchased from U.S. Treasury

    330,000  
   

 

 

 

Total purchase price

    735,557  
   

 

 

 

Identifiable assets:

       

Cash and due from banks

    178,940  

Interest-bearing deposits at banks

    2,606,265  

Other short-term investments

    57,817  

Investment securities

    510,390  

Loans and leases

    6,410,430  

Core deposit and other intangibles

    112,094  

Other assets

    969,106  
   

 

 

 

Total identifiable assets

    10,845,042  
   

 

 

 

Liabilities:

       

Deposits

    8,864,161  

Short-term borrowings

    147,752  

Long-term borrowings

    600,830  

Other liabilities

    431,812  
   

 

 

 

Total liabilities

    10,044,555  
   

 

 

 

Net gain resulting from acquisition

  $ 64,930  
   

 

 

 
Pro forma information
                 
    Pro forma
Three months ended
June 30, 2011
    Pro forma
Six months ended
June 30, 2011
 
    (in thousands)  

Total revenues (a)

  $ 1,166,694       2,208,188  

Net income

    309,527       480,948  

 

(a) Represents net interest income plus other income.
Summary of merger-related expenses

A summary of merger-related expenses included in the consolidated statement of income follows:

 

                                 
    Three months ended     Six months ended  
    June 30,
2012
    June 30,
2011
    June 30,
2012
    June 30,
2011
 
    (in thousands)  

Salaries and employee benefits

  $ 3,024       15,305       4,997       15,312  

Equipment and net occupancy

    —         25       15       104  

Printing, postage and supplies

    —         318       —         465  

Other costs of operations

    4,127       21,348       4,867       25,410  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 7,151       36,996       9,879       41,291