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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income        
Loans and leases, including fees $ 867,478 $ 662,633 $ 1,730,863 $ 1,309,812
Investment securities        
Fully taxable 91,184 93,144 189,199 179,101
Exempt from federal taxes 663 1,062 1,458 2,380
Deposits at banks 10,993 3,351 21,330 6,469
Other 303 164 605 679
Total interest income 970,621 760,354 1,943,455 1,498,441
Interest expense        
Interest-checking deposits 400 349 814 660
Savings deposits 20,134 10,361 36,025 20,580
Time deposits 26,867 3,690 51,189 7,430
Deposits at Cayman Islands office 181 150 374 297
Short-term borrowings 1,143 36 3,305 70
Long-term borrowings 58,077 62,640 115,965 126,688
Total interest expense 106,802 77,226 207,672 155,725
Net interest income 863,819 683,128 1,735,783 1,342,716
Provision for credit losses 32,000 30,000 81,000 68,000
Net interest income after provision for credit losses 831,819 653,128 1,654,783 1,274,716
Other income        
Mortgage banking revenues 89,383 102,602 171,446 204,203
Service charges on deposit accounts 103,872 105,257 206,277 207,601
Trust income 120,450 118,598 231,527 242,332
Brokerage services income 16,272 16,861 32,276 32,322
Trading account and foreign exchange gains 13,222 6,046 20,680 12,277
Gain (loss) on bank investment securities 264 (10) 268 (108)
Other revenues from operations 104,791 147,673 206,713 238,603
Total other income 448,254 497,027 869,187 937,230
Other expense        
Salaries and employee benefits 398,675 361,657 830,460 751,550
Equipment and net occupancy 75,724 66,852 149,902 133,322
Printing, postage and supplies 9,907 9,305 21,893 18,895
Amortization of core deposit and other intangible assets 11,418 5,965 23,737 12,758
FDIC assessments 22,370 10,801 47,595 21,461
Other costs of operations 231,801 242,048 452,403 445,017
Total other expense 749,895 696,628 1,525,990 1,383,003
Income before taxes 530,178 453,527 997,980 828,943
Income taxes 194,147 166,839 363,421 300,642
Net income 336,031 286,688 634,559 528,301
Net income available to common shareholders        
Basic 312,968 263,471 588,697 482,295
Diluted $ 312,974 $ 263,481 $ 588,707 $ 482,313
Net income per common share        
Basic $ 1.98 $ 1.99 $ 3.72 $ 3.65
Diluted 1.98 1.98 3.71 3.63
Cash dividends per common share $ 0.70 $ 0.70 $ 1.40 $ 1.40
Average common shares outstanding        
Basic 157,802 132,356 158,268 132,203
Diluted 158,341 133,116 158,761 132,944