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Interim Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans $ 394,144 $ 297,073
Investment securities:    
Taxable 126,717 124,477
Non-taxable 10,937 5,092
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 19,216 5,756
Total interest income 551,014 432,398
Interest expense:    
Deposits 27,907 4,097
Borrowings 10,221 8,438
Total interest expense 38,128 12,535
Net interest income 512,886 419,863
Provision for credit losses 28,551 27,972
Net interest income after provision for credit losses 484,335 391,891
Noninterest income:    
Gains on investment securities, net 29,028 9,058
Gains on equity warrant assets, net 21,305 19,191
Foreign exchange fees 38,048 33,827
Credit card fees 27,483 21,692
Deposit service charges 20,939 17,699
Client investment fees 44,482 22,875
Lending related fees 13,937 10,735
Letters of credit and standby letters of credit fees 9,354 8,182
Investment banking revenue 49,795 0
Commissions 14,108 0
Other 11,897 12,259
Total noninterest income 280,376 155,518
Noninterest expense:    
Compensation and benefits 238,061 165,806
Professional services 36,986 28,725
Premises and equipment 21,700 18,545
Net occupancy 16,048 13,616
Business development and travel 15,354 11,191
FDIC and state assessments 3,979 9,430
Other 33,536 18,104
Total noninterest expense 365,664 265,417
Income before income tax expense 399,047 281,992
Income tax expense 107,435 73,966
Net income before noncontrolling interests 291,612 208,026
Net income attributable to noncontrolling interests (2,880) (13,065)
Net income available to common stockholders $ 288,732 $ 194,961
Earnings per common share—basic (dollars per share) $ 5.49 $ 3.69
Earnings per common share—diluted (dollars per share) $ 5.44 $ 3.63