Quarterly Financial Information

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

NOTE 29 – Quarterly Financial Information (Unaudited) 

	Year Ended December 31, 2017
(in thousands, except per share amounts)	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Operating revenues	$	590,474	$	633,340	$	620,932	$	697,335
Interest income		100,953		108,951		117,862		126,615
Total revenues		691,427		742,291		738,794		823,950
Interest expense		15,896		16,644		17,625		19,865
Net revenues		675,531		725,647		721,169		804,085
Total non-interest expenses		596,512		642,449		613,030		804,905
Income before income tax expense		79,019		83,198		108,139		(820	)
Provision for income taxes		13,507		30,387		41,603		1,168
Net income		65,512		52,811		66,536		(1,988	)
Preferred dividends		2,344		2,344		2,343		2,344
Net income available to common shareholders	$	63,168	$	50,467	$	64,193	$	(4,332	)
Earnings per common share (1)
Basic	$	0.92	$	0.74	$	0.94	$	(0.06	)
Diluted	$	0.78	$	0.63	$	0.79	$	(0.06	)
Weighted-average number of common shares outstanding:
Basic		68,386		68,556		68,522		68,782
Diluted		80,695		80,021		80,881		68,782
Cash dividends declared per common share	$	—	$	—	$	0.10	$	0.10

	Year Ended December 31, 2016
(in thousands, except per share amounts)	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Operating revenues	$	571,299	$	603,627	$	586,488	$	586,665
Interest income		62,786		65,780		74,881		90,844
Total revenues		634,085		669,407		661,369		677,509
Interest expense		14,111		17,262		19,383		16,118
Net revenues		619,974		652,145		641,986		661,391
Total non-interest expenses		576,061		636,352		614,004		606,497
Income before income tax expense		43,913		15,793		27,982		54,894
Provision for income taxes		16,858		6,022		10,168		28,014
Net income		27,055		9,771		17,814		26,880
Preferred dividends		—		—		1,563		2,343
Net income available to common shareholders	$	27,055	$	9,771	$	16,251	$	24,537
Earnings per common share
Basic	$	0.40	$	0.15	$	0.24	$	0.37
Diluted	$	0.36	$	0.13	$	0.21	$	0.31
Weighted-average number of common shares    outstanding:
Basic		67,579		66,792		66,482		66,636
Diluted		76,086		75,982		77,544		79,539
Cash dividends declared per common share	$	—	$	—	$	—	$	—