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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income        
Loans and leases, including fees $ 672,092 $ 647,280 $ 1,981,904 $ 1,937,531
Investment securities        
Fully taxable 93,062 91,036 272,163 250,145
Exempt from federal taxes 950 1,271 3,330 4,068
Deposits at banks 3,852 3,198 10,321 7,617
Other 70 238 749 904
Total interest income 770,026 743,023 2,268,467 2,200,265
Interest expense        
NOW accounts 360 394 1,020 1,021
Savings deposits 10,937 11,532 31,517 34,314
Time deposits 3,643 3,805 11,073 11,600
Deposits at Cayman Islands office 151 161 448 550
Short-term borrowings 32 19 102 76
Long-term borrowings 62,076 58,053 188,764 158,098
Total interest expense 77,199 73,964 232,924 205,659
Net interest income 692,827 669,059 2,035,543 1,994,606
Provision for credit losses 44,000 29,000 112,000 91,000
Net interest income after provision for credit losses 648,827 640,059 1,923,543 1,903,606
Other income        
Mortgage banking revenues 84,035 93,532 288,238 269,237
Service charges on deposit accounts 107,259 110,071 314,860 321,637
Trust income 113,744 128,671 356,076 379,816
Brokerage services income 16,902 17,416 49,224 51,403
Trading account and foreign exchange gains 8,362 6,988 20,639 21,477
Loss on bank investment securities     (108)  
Equity in earnings of Bayview Lending Group LLC (3,721) (4,114) (11,043) (12,623)
Other revenues from operations 113,118 98,547 359,043 296,683
Total other income 439,699 451,111 1,376,929 1,327,630
Other expense        
Salaries and employee benefits 363,567 348,776 1,115,117 1,059,815
Equipment and net occupancy 68,470 67,713 201,792 206,964
Printing, postage and supplies 8,691 9,184 27,586 29,320
Amortization of core deposit and other intangible assets 4,090 7,358 16,848 26,654
FDIC assessments 11,090 13,193 32,551 43,836
Other costs of operations 197,908 219,135 642,925 656,664
Total other expense 653,816 665,359 2,036,819 2,023,253
Income before taxes 434,710 425,811 1,263,653 1,207,983
Income taxes 154,309 150,467 454,951 419,286
Net income 280,401 275,344 808,702 788,697
Net income available to common shareholders        
Basic 257,337 251,905 739,627 724,307
Diluted $ 257,346 $ 251,917 $ 739,656 $ 724,344
Net income per common share        
Basic $ 1.94 $ 1.92 $ 5.59 $ 5.54
Diluted 1.93 1.91 5.56 5.50
Cash dividends per common share $ 0.70 $ 0.70 $ 2.10 $ 2.10
Average common shares outstanding        
Basic 132,630 131,265 132,347 130,782
Diluted 133,376 132,128 133,089 131,698