XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Interim Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Loans $ 297,073 $ 227,341
Investment securities:    
Taxable 124,477 89,803
Non-taxable 5,092 646
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 5,756 3,136
Total interest income 432,398 320,926
Interest expense:    
Deposits 4,097 1,717
Borrowings 8,438 9,216
Total interest expense 12,535 10,933
Net interest income 419,863 309,993
Provision for credit losses 27,972 30,734
Net interest income after provision for credit losses 391,891 279,259
Noninterest income:    
Gains on investment securities, net 9,058 15,970
Gains on equity warrant assets, net 19,191 6,690
Foreign exchange fees 33,827 26,247
Credit card fees 21,692 17,730
Deposit service charges 17,699 13,975
Client investment fees 22,875 9,026
Lending related fees 10,735 8,961
Letters of credit and standby letters of credit fees 8,182 6,639
Other 12,259 12,421
Total noninterest income 155,518 117,659
Noninterest expense:    
Compensation and benefits 165,806 147,176
Professional services 28,725 25,419
Premises and equipment 18,545 15,858
Net occupancy 13,616 11,651
Business development and travel 11,191 9,195
FDIC and state assessments 9,430 8,682
Correspondent bank fees 3,410 3,445
Other 14,694 16,207
Total noninterest expense 265,417 237,633
Income before income tax expense 281,992 159,285
Income tax expense 73,966 51,405
Net income before noncontrolling interests 208,026 107,880
Net income attributable to noncontrolling interests (13,065) (6,397)
Net income available to common stockholders $ 194,961 $ 101,483
Earnings per common share—basic (dollars per share) $ 3.69 $ 1.94
Earnings per common share—diluted (dollars per share) $ 3.63 $ 1.91