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Interim Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans $ 382,569 $ 394,144
Investment securities:    
Taxable 154,385 126,717
Non-taxable 12,824 10,937
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 17,624 19,216
Total interest income 567,402 551,014
Interest expense:    
Deposits 37,398 27,907
Borrowings 5,867 10,221
Total interest expense 43,265 38,128
Net interest income 524,137 512,886
Provision for credit losses 243,480 28,551
Net interest income after provision for credit losses 280,657 484,335
Noninterest income:    
Gains on investment securities, net 46,055 29,028
Gains on equity warrant assets, net 13,395 21,305
Client investment fees 43,393 44,482
Foreign exchange fees 47,505 38,048
Credit card fees 28,304 27,483
Deposit service charges 24,589 20,939
Lending related fees 13,125 13,937
Letters of credit and standby letters of credit fees 11,542 9,354
Investment banking revenue 46,867 49,795
Commissions 16,022 14,108
Other 11,137 11,897
Total noninterest income 301,934 280,376
Noninterest expense:    
Compensation and benefits 255,586 238,061
Professional services 38,705 36,986
Premises and equipment 26,940 21,700
Net occupancy 18,346 16,048
Business development and travel 14,071 15,354
FDIC and state assessments 5,234 3,979
Other 40,703 33,536
Total noninterest expense 399,585 365,664
Income before income tax expense 183,006 399,047
Income tax expense 49,357 107,435
Net income before noncontrolling interests 133,649 291,612
Net loss (income) attributable to noncontrolling interests 1,973 (2,880)
Preferred stock dividends (3,369) 0
Net income available to common stockholders $ 132,253 $ 288,732
Earnings per common share—basic (dollars per share) $ 2.56 $ 5.49
Earnings per common share—diluted (dollars per share) $ 2.55 $ 5.44