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Reportable Operating Segments (Tables)
3 Months Ended
Mar. 31, 2018
Reportable Operating Segments  
Schedule of selected business segment financial information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury

 

 

 

 

 

Retail

 

Commercial

 

and

 

 

 

(dollars in thousands)

  

Banking

  

Banking

  

Other

  

Total

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

109,654

 

$

27,879

 

$

2,139

 

$

139,672

Provision for loan and lease losses

 

 

(2,348)

 

 

(3,602)

 

 

 —

 

 

(5,950)

Net interest income after provision for loan and lease losses

 

 

107,306

 

 

24,277

 

 

2,139

 

 

133,722

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest income

 

 

22,732

 

 

20,000

 

 

5,968

 

 

48,700

Noninterest expense

 

 

(56,461)

 

 

(19,648)

 

 

(14,478)

 

 

(90,587)

Income (loss) before (provision) benefit for income taxes

 

 

73,577

 

 

24,629

 

 

(6,371)

 

 

91,835

 

 

 

 

 

 

 

 

 

 

 

 

 

(Provision) benefit for income taxes

 

 

(19,207)

 

 

(6,328)

 

 

1,658

 

 

(23,877)

Net income (loss)

 

$

54,370

 

$

18,301

 

$

(4,713)

 

$

67,958

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury

 

 

 

 

 

Retail

 

Commercial

 

and

 

 

 

(dollars in thousands)

  

Banking

  

Banking

  

Other

  

Total

Three Months Ended March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

105,701

 

$

27,533

 

$

(3,889)

 

$

129,345

Provision for loan and lease losses

 

 

(1,663)

 

 

(2,837)

 

 

 —

 

 

(4,500)

Net interest income (expense) after provision for loan and lease losses

 

 

104,038

 

 

24,696

 

 

(3,889)

 

 

124,845

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest income(1)

 

 

23,619

 

 

18,834

 

 

8,606

 

 

51,059

Noninterest expense(1)

 

 

(55,240)

 

 

(16,313)

 

 

(14,438)

 

 

(85,991)

Income (loss) before (provision) benefit for income taxes

 

 

72,417

 

 

27,217

 

 

(9,721)

 

 

89,913

 

 

 

 

 

 

 

 

 

 

 

 

 

(Provision) benefit for income taxes

 

 

(26,733)

 

 

(10,034)

 

 

3,594

 

 

(33,173)

Net income (loss)

 

$

45,684

 

$

17,183

 

$

(6,127)

 

$

56,740


Certain prior period noninterest income and noninterest expense amounts have been revised from the amounts previously reported to conform to the current year’s presentations. For the quarter ended March 31, 2017, noninterest income and noninterest expense for Commercial banking were both understated by $1.3 million and both noninterest income and noninterest expense for Treasury and Other were understated by $0.4 million. See “Note 1. Organization and Basis of Presentation” for more information.