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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income        
Loans and leases, including fees $ 924,640 $ 867,478 $ 1,822,678 $ 1,730,863
Investment securities        
Fully taxable 92,996 91,184 188,120 189,199
Exempt from federal taxes 379 663 809 1,458
Deposits at banks 12,213 10,993 24,375 21,330
Other 185 303 464 605
Total interest income 1,030,413 970,621 2,036,446 1,943,455
Interest expense        
Savings and interest-checking deposits 30,543 20,534 56,177 36,839
Time deposits 16,303 26,867 35,301 51,189
Deposits at Cayman Islands office 281 181 546 374
Short-term borrowings 378 1,143 594 3,305
Long-term borrowings 44,708 58,077 91,368 115,965
Total interest expense 92,213 106,802 183,986 207,672
Net interest income 938,200 863,819 1,852,460 1,735,783
Provision for credit losses 52,000 32,000 107,000 81,000
Net interest income after provision for credit losses 886,200 831,819 1,745,460 1,654,783
Other income        
Mortgage banking revenues 86,163 89,383 170,855 171,446
Service charges on deposit accounts 106,057 103,872 210,233 206,277
Trust income 126,797 120,450 246,812 231,527
Brokerage services income 16,617 16,272 34,001 32,276
Trading account and foreign exchange gains 8,084 13,222 17,775 20,680
Gain (loss) on bank investment securities (17) 264 (17) 268
Other revenues from operations 117,115 104,791 228,002 206,713
Total other income 460,816 448,254 907,661 869,187
Other expense        
Salaries and employee benefits 398,900 398,675 848,762 830,460
Equipment and net occupancy 73,797 75,724 148,163 149,902
Outside data processing and software 44,575 42,509 88,876 85,524
FDIC assessments 25,353 22,370 54,180 47,595
Advertising and marketing 16,324 22,613 32,434 44,067
Printing, postage and supplies 8,957 9,907 18,665 21,893
Amortization of core deposit and other intangible assets 8,113 11,418 16,533 23,737
Other costs of operations 174,616 166,679 330,874 322,812
Total other expense 750,635 749,895 1,538,487 1,525,990
Income before taxes 596,381 530,178 1,114,634 997,980
Income taxes 215,328 194,147 384,654 363,421
Net income 381,053 336,031 729,980 634,559
Net income available to common shareholders        
Basic 360,658 312,968 689,208 588,697
Diluted $ 360,662 $ 312,974 $ 689,217 $ 588,707
Net income per common share        
Basic $ 2.36 $ 1.98 $ 4.49 $ 3.72
Diluted 2.35 1.98 4.47 3.71
Cash dividends per common share $ 0.75 $ 0.70 $ 1.50 $ 1.40
Average common shares outstanding        
Basic 152,857 157,802 153,638 158,268
Diluted 153,276 158,341 154,108 158,761