XML 24 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Interest and fees on loans $ 816,806 $ 679,917 $ 600,313
Interest on investment securities available-for-sale 105,019 96,671 93,626
Interest on investment securities held-to-maturity 591 789 283
Interest on loans held-for-sale 17,517 5,506 5,457
Interest on trading securities 34,991 30,779 35,074
Interest on other earning assets 15,006 4,247 1,652
Total interest income 989,930 817,909 736,405
Interest on deposits:      
Savings 42,519 19,608 11,992
Time deposits 13,111 10,021 8,667
Other interest-bearing deposits 24,481 10,357 4,491
Interest on trading liabilities 15,468 15,000 15,976
Interest on short-term borrowings 16,000 4,736 3,172
Interest on term borrowings 36,037 29,103 38,387
Total interest expense 147,616 88,825 82,685
Net interest income 842,314 729,084 653,720
Provision/(provision credit) for loan losses 0 11,000 9,000
Net interest income after provision/(provision credit) for loan losses 842,314 718,084 644,720
Noninterest income:      
Fixed income 216,625 268,561 231,337
Deposit transactions and cash management 110,592 108,553 112,843
Brokerage, management fees and commissions 48,514 42,911 46,496
Trust services and investment management 28,420 27,727 27,577
Bankcard income 25,467 24,430 22,238
Bank-owned life insurance 15,124 14,687 14,726
Debt securities gains/(losses), net (Note 3 and Note 14) 483 1,485 1,836
Equity securities gains/(losses), net (Note 3) 109 (144) (458)
All other income and commissions (Note 13) 44,885 64,231 60,730
Total noninterest income 490,219 552,441 517,325
Adjusted gross income after provision/(provision credit) for loan losses 1,332,533 1,270,525 1,162,045
Noninterest expense:      
Employee compensation, incentives, and benefits 589,411 562,948 511,633
Occupancy 54,646 50,880 51,117
Computer software 48,234 45,122 44,724
Professional fees 47,929 19,169 18,922
Operations services 43,823 41,852 39,261
Equipment rentals, depreciation, and maintenance 29,543 27,385 30,864
FDIC premium expense 26,818 21,585 18,027
Advertising and public relations 19,214 21,612 19,187
Communications and courier 17,624 14,265 15,820
Contract employment and outsourcing 14,954 10,061 14,494
Legal fees 12,076 21,558 16,287
Amortization of intangible assets 8,728 5,198 5,253
Repurchase and foreclosure provision/(provision credit) (22,527) (32,722) 0
All other expense (Note 13) 133,188 116,291 268,202
Total noninterest expense 1,023,661 925,204 1,053,791
Income/(loss) before income taxes 308,872 345,321 108,254
Provision/(benefit) for income taxes (Note 15) 131,892 106,810 10,941
Net income/(loss) 176,980 238,511 97,313
Net income attributable to noncontrolling interest 11,465 11,465 11,434
Net income/(loss) attributable to controlling interest 165,515 227,046 85,879
Preferred stock dividends 6,200 6,200 6,200
Net income/(loss) available to common shareholders $ 159,315 $ 220,846 $ 79,679
Basic earnings/(loss) per share (Note 16) (in dollars per share) $ 0.66 $ 0.95 $ 0.34
Diluted earnings/(loss) per share (Note 16) (in dollars per share) $ 0.65 $ 0.94 $ 0.34
Weighted average common shares (Note 16) (shares) 241,436 232,700 234,189
Diluted average common shares (Note 16) (shares) 244,453 235,292 236,266
Cash dividends declared per common share (in dollars per share) $ 0.36 $ 0.28 $ 0.24