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Interim Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Loans $ 147,680 $ 131,785 $ 295,852 $ 255,529
Investment securities:        
Taxable 63,424 44,657 117,844 90,409
Non-taxable 794 807 1,590 1,606
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 1,943 734 3,579 1,453
Total interest income 213,841 177,983 418,865 348,997
Interest expense:        
Deposits 3,068 2,085 5,972 4,136
Borrowings 5,808 5,817 11,600 11,611
Total interest expense 8,876 7,902 17,572 15,747
Net interest income 204,965 170,081 401,293 333,250
Provision for loan losses 1,947 18,572 2,441 24,385
Net interest income after provision for loan losses 203,018 151,509 398,852 308,865
Noninterest income:        
(Losses) gains on investment securities, net (57,320) 40,561 166,592 67,999
Credit card fees 17,928 13,667 35,124 27,863
Gains on derivative instruments, net 12,775 8,087 36,942 18,379
Credit card fees 10,249 7,609 20,531 15,057
Deposit service charges 9,611 8,907 19,218 17,700
Lending related fees 5,876 4,596 12,179 8,570
Client investment fees 3,519 3,524 6,937 6,999
Letters of credit and standby letters of credit fees 2,810 3,654 6,950 7,089
Other 8,762 7,634 19,962 7,187
Total noninterest income 14,210 98,239 324,435 176,843
Noninterest expense:        
Compensation and benefits 99,820 84,742 202,327 173,446
Professional services 21,113 16,633 42,302 33,793
Premises and equipment 12,053 11,402 23,635 22,127
Business development and travel 9,249 7,783 19,443 16,055
Net occupancy 7,680 5,795 15,000 11,562
FDIC assessments 4,945 2,853 9,073 6,235
Correspondent bank fees 3,274 3,049 6,477 6,104
Provision for unfunded credit commitments 2,185 1,347 3,308 3,361
Other 13,127 9,688 24,317 19,623
Total noninterest expense 173,446 143,292 345,882 292,306
Income before income tax expense 43,782 106,456 377,405 193,402
Income tax expense 33,582 29,968 92,499 56,369
Net income before noncontrolling interests 10,200 76,488 284,906 137,033
Net loss (income) attributable to noncontrolling interests 40,597 (27,904) (142,808) (47,558)
Net income available to common stockholders $ 50,797 $ 48,584 $ 142,098 $ 89,475
Earnings per common share—basic (dollars per share) $ 1.05 $ 1.08 $ 3.02 $ 1.99
Earnings per common share—diluted (dollars per share) $ 1.04 $ 1.06 $ 2.96 $ 1.96