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Consolidated Condensed Statements Of Income - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Interest and fees on loans (three months ended March 31, 2016 includes $.6 million of income associated with cash flow hedges reclassified from accumulated other comprehensive income) $ 158,423,000 $ 143,897,000
Interest on investment securities available-for-sale 24,474,000 22,834,000
Interest on investment securities held-to-maturity 197,000 66,000
Interest on loans held-for-sale 1,261,000 1,491,000
Interest on trading securities 7,751,000 9,101,000
Interest on other earning assets 1,558,000 679,000
Total interest income 193,664,000 178,068,000
Interest on deposits:    
Savings 4,190,000 3,307,000
Time deposits 1,112,000 1,432,000
Other interest-bearing deposits 2,304,000 957,000
Certificates of deposit $100,000 and more 1,211,000 882,000
Interest on trading liabilities 4,039,000 3,914,000
Interest on short-term borrowings 1,128,000 1,046,000
Interest on term borrowings 7,606,000 9,664,000
Total interest expense 21,590,000 21,202,000
Net interest income 172,074,000 156,866,000
Provision for loan losses 3,000,000 5,000,000
Net interest income after provision for loan losses 169,074,000 151,866,000
Noninterest income:    
Fixed income 66,977,000 61,619,000
Deposit transactions and cash management 26,837,000 26,551,000
Brokerage, management fees and commissions 10,415,000 11,399,000
Trust services and investment management 6,565,000 6,698,000
Bankcard income 5,259,000 5,186,000
Bank-owned life insurance 3,389,000 3,462,000
Other service charges 2,713,000 2,848,000
Debt secutities gains/(losses), net (Note 3 and Note 8) 1,654,000 0
Equity securities gains/(losses), net (Note 3) (80,000) 276,000
Insurance commissions 487,000 596,000
All other income and commissions (Note 7) 10,089,000 11,054,000
Total noninterest income 134,305,000 129,689,000
Adjusted gross income after provision for loan losses 303,379,000 281,555,000
Noninterest expense:    
Employee compensation, incentives, and benefits (three months ended March 31, 2016 and 2015, include $1.8 million of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 137,151,000 131,444,000
Occupancy 12,604,000 12,218,000
Computer software 11,587,000 10,942,000
Operations services 9,900,000 9,337,000
Equipment rentals, depreciation, and maintenance 6,159,000 7,220,000
Professional fees 5,199,000 3,706,000
Advertising and public relations 4,973,000 4,733,000
FDIC premium expense 4,921,000 3,448,000
Legal fees 4,879,000 3,551,000
Communications and courier 3,750,000 3,876,000
Other insurance and taxes 3,313,000 3,329,000
Contract employment and outsourcing 2,425,000 4,584,000
Amortization of intangible assets [1] 1,300,000 1,298,000
Foreclosed real estate (258,000) (131,000)
All other expense (Note 7) 19,024,000 176,666,000
Total noninterest expense 226,927,000 376,221,000
Income/(loss) before income taxes 76,452,000 (94,666,000)
Provision/(benefit) for income taxes (three months ended March 31, 2016 and 2015, include $.2 million of income tax expense and $.7 million of income tax benefit reclassified from accumulated other comprehensive income) 24,239,000 (22,261,000)
Net income/(loss) 52,213,000 (72,405,000)
Net income attributable to noncontrolling interest 2,851,000 2,758,000
Net income/(loss) attributable to controlling interest 49,362,000 (75,163,000)
Preferred stock dividends 1,550,000 1,550,000
Net income/(loss) available to common shareholders $ 47,812,000 $ (76,713,000)
Basic earnings/(loss) per share (Note 9) $ 0.2 $ (0.33)
Diluted earnings/(loss) per share (Note 9) $ 0.2 $ (0.33)
Weighted average common shares (Note 9) 234,651,000 232,816,000
Diluted average common shares (Note 9) 236,666,000 232,816,000
Cash dividends declared per common share $ 0.07 $ 0.06
[1] Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.