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Consolidated Statement of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income        
Loans and leases, including fees $ 683,482 $ 687,466 $ 2,071,332 $ 2,010,529
Deposits at banks 1,650 139 3,372 1,119
Federal funds sold 22 6 84 17
Agreements to resell securities     10  
Trading account 169 214 1,048 849
Investment securities        
Fully taxable 55,746 54,959 141,799 177,647
Exempt from federal taxes 1,617 2,067 5,223 6,171
Total interest income 742,686 744,851 2,222,868 2,196,332
Interest expense        
NOW accounts 333 327 976 1,034
Savings deposits 13,733 16,510 41,560 51,633
Time deposits 6,129 10,843 21,809 36,706
Deposits at Cayman Islands office 213 336 801 781
Short-term borrowings 58 365 385 1,016
Long-term borrowings 49,112 53,748 150,592 174,068
Total interest expense 69,578 82,129 216,123 265,238
Net interest income 673,108 662,722 2,006,745 1,931,094
Provision for credit losses 48,000 46,000 143,000 155,000
Net interest income after provision for credit losses 625,108 616,722 1,863,745 1,776,094
Other income        
Mortgage banking revenues 64,731 106,812 249,096 232,518
Service charges on deposit accounts 113,839 114,463 336,505 334,334
Trust income 123,801 115,709 370,132 354,937
Brokerage services income 16,871 14,114 49,840 44,187
Trading account and foreign exchange gains 8,987 8,469 27,138 25,278
Gain on bank investment securities   372 56,457 9
Total other-than-temporary impairment ("OTTI") losses   (2,134) (1,884) (26,246)
Portion of OTTI losses recognized in other comprehensive income (before taxes)   (3,538) (7,916) (7,085)
Net OTTI losses recognized in earnings   (5,672) (9,800) (33,331)
Equity in earnings of Bayview Lending Group LLC (3,881) (5,183) (9,990) (16,570)
Other revenues from operations 153,040 96,649 349,581 272,744
Total other income 477,388 445,733 1,418,959 1,214,106
Other expense        
Salaries and employee benefits 339,332 321,746 1,019,019 991,530
Equipment and net occupancy 66,220 64,248 195,657 194,667
Printing, postage and supplies 9,752 8,272 30,749 31,512
Amortization of core deposit and other intangible assets 10,628 14,085 36,473 46,766
FDIC assessments 14,877 23,801 52,010 77,712
Other costs of operations 217,817 183,875 558,905 540,927
Total other expense 658,626 616,027 1,892,813 1,883,114
Income before taxes 443,870 446,428 1,389,891 1,107,086
Income taxes 149,391 152,966 472,833 373,781
Net income 294,479 293,462 917,058 733,305
Net income available to common shareholders        
Basic 275,336 273,885 858,944 676,821
Diluted $ 275,356 $ 273,896 $ 859,000 $ 676,842
Net income per common share        
Basic $ 2.13 $ 2.18 $ 6.69 $ 5.39
Diluted $ 2.11 $ 2.17 $ 6.64 $ 5.37
Cash dividends per common share $ 0.70 $ 0.70 $ 2.10 $ 2.10
Average common shares outstanding        
Basic 129,171 125,818 128,369 125,510
Diluted 130,265 126,292 129,312 125,936