XML 79 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements Of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Interest and fees on loans $ 153,283,000 $ 142,710,000 $ 297,180,000 $ 281,367,000
Interest on investment securities available-for-sale 23,288,000 23,650,000 46,122,000 46,784,000
Interest on investment securities held-to-maturity 66,000 66,000 132,000 132,000
Interest on loans held-for-sale 1,350,000 3,209,000 2,841,000 6,424,000
Interest on trading securities 8,951,000 7,687,000 18,052,000 15,792,000
Interest on other earning assets 92,000 37,000 771,000 444,000
Total interest income 187,030,000 177,359,000 365,098,000 350,943,000
Interest on deposits:        
Savings 2,970,000 2,792,000 6,277,000 5,875,000
Time deposits 1,324,000 2,486,000 2,756,000 5,548,000
Other interest-bearing deposits 1,104,000 746,000 2,061,000 1,564,000
Certificates of deposit $100,000 and more 830,000 869,000 1,712,000 1,892,000
Interest on trading liabilities 3,770,000 4,087,000 7,684,000 7,658,000
Interest on short-term borrowings 726,000 1,195,000 1,772,000 2,300,000
Interest on term borrowings 9,666,000 8,416,000 19,330,000 16,979,000
Total interest expense 20,390,000 20,591,000 41,592,000 41,816,000
Net interest income 166,640,000 156,768,000 323,506,000 309,127,000
Provision/(provision credit) for loan losses 2,000,000 5,000,000 7,000,000 15,000,000
Net interest income after provision for loan losses 164,640,000 151,768,000 316,506,000 294,127,000
Noninterest income:        
Fixed income 56,241,000 47,680,000 117,860,000 104,520,000
Deposit transactions and cash management 28,430,000 27,911,000 54,981,000 54,367,000
Brokerage, management fees and commissions 12,456,000 12,843,000 23,855,000 25,119,000
Trust services and investment management 7,416,000 7,309,000 14,114,000 14,053,000
Bankcard income 5,884,000 7,919,000 11,070,000 12,439,000
Bank-owned life insurance 3,391,000 3,312,000 6,853,000 9,344,000
Other service charges 3,043,000 3,143,000 5,891,000 5,988,000
Insurance commissions 654,000 611,000 1,250,000 1,048,000
Mortgage banking 376,000 8,861,000 1,960,000 27,890,000
Equity securities gains/(losses), net 8,000 (1,923,000) 284,000 3,734,000
All other income and commissions (Note 7) 12,402,000 9,235,000 21,872,000 14,129,000
Total noninterest income 130,301,000 126,901,000 259,990,000 272,631,000
Adjusted gross income after provision for loan losses 294,941,000 278,669,000 576,496,000 566,758,000
Noninterest expense:        
Employee compensation, incentives, and benefits (three and six months ended June 30, 2015 include $1.6 million and $3.4 million, respectively, and three and six months ended June 30, 2014 include $1.1 million and $1.7 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 127,970,000 119,659,000 259,414,000 238,888,000
Occupancy 11,764,000 11,944,000 23,982,000 29,536,000
Computer software 11,340,000 11,087,000 22,282,000 21,743,000
Operations services 10,033,000 8,804,000 19,370,000 17,786,000
Equipment rentals, depreciation, and maintenance 7,983,000 7,442,000 15,203,000 15,291,000
Professional fees 5,218,000 4,618,000 8,924,000 10,192,000
FDIC premium expense 4,952,000 1,136,000 8,400,000 5,127,000
Legal fees 4,509,000 1,533,000 8,060,000 10,998,000
Advertising and public relations 4,349,000 4,312,000 9,082,000 10,220,000
Communications and courier 3,801,000 3,948,000 7,677,000 8,172,000
Contract employment and outsourcing 3,337,000 5,318,000 7,921,000 9,643,000
Amortization of intangible assets 1,298,000 981,000 2,596,000 1,963,000
Foreclosed real estate 1,329,000 439,000 1,198,000 1,223,000
All other expense (Note 7) 20,511,000 (18,059,000) 200,506,000 424,000
Total noninterest expense 218,394,000 163,162,000 594,615,000 381,206,000
Income/(loss) before income taxes 76,547,000 115,507,000 (18,119,000) 185,552,000
Provision/(benefit) for income taxes (three and six months months ended June 30, 2015 include $.6 million and $1.3 million, respectively, and three and six months ended June 30, 2014 include $.4 million and $.7 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income) 21,590,000 33,578,000 (671,000) 53,644,000
Net income/(loss) 54,957,000 81,929,000 (17,448,000) 131,908,000
Net income attributable to noncontrolling interest 2,851,000 2,859,000 5,609,000 5,672,000
Net income/(loss) attributable to controlling interest 52,106,000 79,070,000 (23,057,000) 126,236,000
Preferred stock dividends 1,550,000 1,550,000 3,100,000 3,100,000
Net income/(loss) available to common shareholders $ 50,556,000 $ 77,520,000 $ (26,157,000) $ 123,136,000
Basic earnings/(loss) per share (Note 9) $ 0.22 $ 0.33 $ (0.11) $ 0.52
Diluted earnings/(loss) per share Note 9) $ 0.22 $ 0.33 $ (0.11) $ 0.52
Weighted average common shares (Note 9) 232,800,000 235,797,000 232,808,000 235,492,000
Diluted average common shares (Note 9) 234,669,000 237,250,000 232,808,000 237,325,000
Cash dividends declared per common share $ 0.06 $ 0.05 $ 0.12 $ 0.1