XML 21 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income        
Loans and leases, including fees $ 705,395 $ 674,549 $ 1,387,850 $ 1,323,063
Deposits at banks 1,455 767 1,722 980
Federal funds sold 45 8 62 11
Agreements to resell securities 1   10  
Trading account 241 318 879 635
Investment securities        
Fully taxable 41,293 59,724 86,053 122,688
Exempt from federal taxes 1,777 2,020 3,606 4,104
Total interest income 750,207 737,386 1,480,182 1,451,481
Interest expense        
NOW accounts 321 424 643 707
Savings deposits 13,790 16,940 27,827 35,123
Time deposits 7,484 12,354 15,680 25,863
Deposits at Cayman Islands office 200 232 588 445
Short-term borrowings 96 348 327 651
Long-term borrowings 50,729 59,105 101,480 120,320
Total interest expense 72,620 89,403 146,545 183,109
Net interest income 677,587 647,983 1,333,637 1,268,372
Provision for credit losses 57,000 60,000 95,000 109,000
Net interest income after provision for credit losses 620,587 587,983 1,238,637 1,159,372
Other income        
Mortgage banking revenues 91,262 69,514 184,365 125,706
Service charges on deposit accounts 111,717 110,982 222,666 219,871
Trust income 124,728 122,275 246,331 239,228
Brokerage services income 17,258 16,172 32,969 30,073
Trading account and foreign exchange gains 9,224 6,238 18,151 16,809
Gain (loss) on bank investment securities 56,457 (408) 56,457 (363)
Total other-than-temporary impairment ("OTTI") losses    (4,072) (1,884) (24,112)
Portion of OTTI losses recognized in other comprehensive income (before taxes)    (12,101) (7,916) (3,547)
Net OTTI losses recognized in earnings    (16,173) (9,800) (27,659)
Equity in earnings of Bayview Lending Group LLC (2,453) (6,635) (6,109) (11,387)
Other revenues from operations 100,496 89,685 196,541 176,095
Total other income 508,689 391,650 941,571 768,373
Other expense        
Salaries and employee benefits 323,136 323,686 679,687 669,784
Equipment and net occupancy 64,278 65,376 129,437 130,419
Printing, postage and supplies 10,298 11,368 20,997 23,240
Amortization of core deposit and other intangible assets 12,502 15,907 25,845 32,681
FDIC assessments 17,695 24,962 37,133 53,911
Other costs of operations 170,682 186,093 341,088 357,052
Total other expense 598,591 627,392 1,234,187 1,267,087
Income before taxes 530,685 352,241 946,021 660,658
Income taxes 182,219 118,861 323,442 220,815
Net income 348,466 233,380 622,579 439,843
Net income available to common shareholders        
Basic 328,538 214,709 583,597 402,947
Diluted $ 328,557 $ 214,716 $ 583,633 $ 402,958
Net income per common share        
Basic $ 2.56 $ 1.71 $ 4.56 $ 3.21
Diluted $ 2.55 $ 1.71 $ 4.53 $ 3.20
Cash dividends per common share $ 0.70 $ 0.70 $ 1.40 $ 1.40
Average common shares outstanding        
Basic 128,252 125,488 127,962 125,354
Diluted 129,017 125,897 128,828 125,756