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Reportable Operating Segments (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

111,804

 

$

29,639

 

$

(185)

 

$

141,258

 

Provision for loan and lease losses

 

 

(1,760)

 

 

(2,700)

 

 

 —

 

 

(4,460)

 

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

 

 

110,044

 

 

26,939

 

 

(185)

 

 

136,798

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest income

 

 

22,676

 

 

17,801

 

 

6,928

 

 

47,405

 

Noninterest expense

 

 

(58,069)

 

 

(19,731)

 

 

(15,347)

 

 

(93,147)

 

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

 

 

74,651

 

 

25,009

 

 

(8,604)

 

 

91,056

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Provision) benefit for income taxes

 

 

(19,450)

 

 

(6,435)

 

 

2,217

 

 

(23,668)

 

Net income (loss)

 

$

55,201

 

$

18,574

 

$

(6,387)

 

$

67,388

 

Total assets as of September 30, 2018

 

$

6,884,429

 

$

6,020,137

 

$

7,079,272

 

$

19,983,838

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury

 

 

 

 

 

 

Retail

 

Commercial

 

and

 

 

 

 

(dollars in thousands)

  

Banking

  

Banking

  

Other

  

Total

 

Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

332,731

 

$

86,320

 

$

3,282

 

$

422,333

 

Provision for loan and lease losses

 

 

(6,484)

 

 

(9,946)

 

 

 —

 

 

(16,430)

 

Net interest income after provision for loan and lease losses

 

 

326,247

 

 

76,374

 

 

3,282

 

 

405,903

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest income

 

 

67,566

 

 

59,264

 

 

19,072

 

 

145,902

 

Noninterest expense

 

 

(170,114)

 

 

(60,575)

 

 

(44,910)

 

 

(275,599)

 

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

 

 

223,699

 

 

75,063

 

 

(22,556)

 

 

276,206

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Provision) benefit for income taxes

 

 

(58,291)

 

 

(19,329)

 

 

5,813

 

 

(71,807)

 

Net income (loss)

 

$

165,408

 

$

55,734

 

$

(16,743)

 

$

204,399

 

Total assets as of September 30, 2018

 

$

6,884,429

 

$

6,020,137

 

$

7,079,272

 

$

19,983,838

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury

 

 

 

 

 

 

Retail

 

Commercial

 

and

 

 

 

 

(dollars in thousands)

  

Banking

  

Banking

  

Other(2)

  

Total

 

Three Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

108,885

 

$

28,448

 

$

(4,014)

 

$

133,319

 

Provision for loan and lease losses

 

 

(1,663)

 

 

(2,837)

 

 

 —

 

 

(4,500)

 

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

 

 

107,222

 

 

25,611

 

 

(4,014)

 

 

128,819

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest income(1)

 

 

22,587

 

 

17,521

 

 

9,556

 

 

49,664

 

Noninterest expense(1)

 

 

(53,607)

 

 

(16,641)

 

 

(14,536)

 

 

(84,784)

 

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

 

 

76,202

 

 

26,491

 

 

(8,994)

 

 

93,699

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Provision) benefit for income taxes

 

 

(28,756)

 

 

(9,993)

 

 

3,413

 

 

(35,336)

 

Net income (loss)

 

$

47,446

 

$

16,498

 

$

(5,581)

 

$

58,363

 

Total assets as of September 30, 2017

 

$

6,868,484

 

$

5,421,428

 

$

8,275,715

 

$

20,565,627

 


(1)

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 three months ended September 30, 2017, noninterest income and noninterest expense for Commercial banking were both understated by $0.7 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.

(2)

Includes a $2.7 million gain on the sale of bank properties.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Treasury

 

 

 

 

 

 

Retail

 

Commercial

 

and

 

 

 

 

(dollars in thousands)

  

Banking

  

Banking

  

Other(2)

  

Total

 

Nine Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

321,498

 

$

83,707

 

$

(11,287)

 

$

393,918

 

Provision for loan and lease losses

 

 

(4,952)

 

 

(8,448)

 

 

 —

 

 

(13,400)

 

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

 

 

316,546

 

 

75,259

 

 

(11,287)

 

 

380,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest income(1)

 

 

68,587

 

 

56,552

 

 

26,142

 

 

151,281

 

Noninterest expense(1)

 

 

(165,015)

 

 

(49,988)

 

 

(42,701)

 

 

(257,704)

 

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

 

 

220,118

 

 

81,823

 

 

(27,846)

 

 

274,095

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Provision) benefit for income taxes

 

 

(81,974)

 

 

(30,436)

 

 

10,313

 

 

(102,097)

 

Net income (loss)

 

$

138,144

 

$

51,387

 

$

(17,533)

 

$

171,998

 

Total assets as of September 30, 2017

 

$

6,868,484

 

$

5,421,428

 

$

8,275,715

 

$

20,565,627

 


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 nine months ended September 30, 2017, noninterest income and noninterest expense for Commercial banking were both understated by $3.3 million and both noninterest income and noninterest expense for Treasury and Other were understated by $1.2 million. See “Note 1. Organization and Basis of Presentation” for more information.