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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Interest and fees on loans $ 323,974 $ 192,580 $ 623,467 $ 373,044
Interest on investment securities available-for-sale 32,634 25,657 65,481 51,292
Interest on investment securities held-to-maturity 132 132 263 329
Interest on loans held-for-sale 11,228 3,510 23,372 4,793
Interest on trading securities 14,742 9,418 29,150 15,771
Interest on other earning assets 5,101 4,044 9,433 8,923
Total interest income 387,811 235,341 751,166 454,152
Interest on deposits:        
Savings 25,600 11,194 40,500 20,404
Time deposits 11,236 2,918 20,761 5,751
Other interest-bearing deposits 11,913 5,074 22,521 9,217
Interest on trading liabilities 4,790 4,203 9,914 7,984
Interest on short-term borrowings 10,110 2,903 20,152 4,295
Interest on term borrowings 13,230 8,348 25,213 16,092
Total interest expense 76,879 34,640 139,061 63,743
Net interest income 310,932 200,701 612,105 390,409
Provision/(provision credit) for loan losses 0 (2,000) (1,000) (3,000)
Net interest income after provision/(provision credit) for loan losses 310,932 202,701 613,105 393,409
Noninterest income:        
Fixed income 37,697 55,110 83,203 105,788
Deposit transactions and cash management 36,083 27,858 72,067 52,423
Brokerage, management fees and commissions 13,740 12,029 27,223 23,935
Bankcard income 8,132 7,698 15,409 14,351
Trust services and investment management 6,635 5,605 13,080 11,060
Bank-owned life insurance 5,773 4,351 9,766 7,598
Debt securities gains/(losses), net 0 405 52 449
Equity securities gains/(losses), net 31 0 65 0
All other income and commissions 19,434 14,617 42,677 29,008
Total noninterest income 127,525 127,673 263,542 244,612
Adjusted gross income after provision/(provision credit) for loan losses 438,457 330,374 876,647 638,021
Noninterest expense:        
Employee compensation, incentives, and benefits 165,890 138,276 337,144 272,770
Occupancy 22,503 12,800 42,954 25,140
Professional fees 15,415 9,659 27,687 14,405
Computer software 15,123 12,285 30,255 23,084
Operational services 14,653 11,524 30,214 22,399
Equipment rentals, depreciation, and maintenance 10,708 7,036 20,726 13,387
FDIC premium expense 9,978 5,927 18,592 11,666
Communications and courier 7,530 4,117 15,762 7,917
Amortization of intangible assets 6,460 1,964 12,934 3,196
Contract employment and outsourcing 5,907 3,255 9,960 6,213
Advertising and public relations 5,070 4,095 8,669 8,696
Legal fees 2,784 3,496 5,129 8,779
Repurchase and foreclosure provision/(provision credit) (252) (21,733) (324) (21,971)
All other expense 50,999 25,216 86,331 44,441
Total noninterest expense 332,768 217,917 646,033 440,122
Income/(loss) before income taxes 105,689 112,457 230,614 197,899
Provision/(benefit) for income taxes 19,697 17,253 49,628 44,307
Net income/(loss) 85,992 95,204 180,986 153,592
Net income attributable to noncontrolling interest 2,852 2,852 5,672 5,672
Net income/(loss) attributable to controlling interest 83,140 92,352 175,314 147,920
Preferred stock dividends 1,550 1,550 3,100 3,100
Net income/(loss) available to common shareholders $ 81,590 $ 90,802 $ 172,214 $ 144,820
Basic earnings/(loss) per share (in dollars per share) $ 0.25 $ 0.39 $ 0.53 $ 0.62
Diluted earnings/(loss) per share (in dollars per share) $ 0.25 $ 0.38 $ 0.52 $ 0.61
Weighted average common shares (in shares) 325,153 233,482 325,817 233,280
Diluted average common shares (in shares) 328,426 236,263 329,353 236,225
Cash dividends declared per common share (in dollars per share) $ 0.12 $ 0.09 $ 0.24 $ 0.18