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Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Commissions $ 171,272 $ 194,083 $ 551,306 $ 562,249
Principal transactions 117,002 95,593 364,376 281,794
Investment banking 144,799 118,753 378,582 400,302
Asset management and service fees 144,206 130,636 433,305 364,442
Interest 74,881 43,376 203,488 129,964
Other income 9,209 18,930 33,804 44,471
Total revenues 661,369 601,371 1,964,861 1,783,222
Interest expense 19,383 9,796 50,756 32,914
Net revenues [1] 641,986 591,575 1,914,105 1,750,308
Non-interest expenses:        
Compensation and benefits 434,236 404,205 1,305,372 1,169,896
Occupancy and equipment rental 62,453 53,282 178,455 145,798
Communications and office supplies 31,182 35,678 105,268 96,026
Commissions and floor brokerage 10,777 12,430 34,653 31,623
Other operating expenses 75,356 63,632 202,669 176,480
Total non-interest expenses 614,004 569,227 1,826,417 1,619,823
Income from operations before income tax expense 27,982 22,348 87,688 130,485
Provision for income taxes 10,168 5,169 33,048 49,321
Net income 17,814 17,179 54,640 81,164
Preferred dividends 1,563   1,563  
Net income available to common shareholders $ 16,251 $ 17,179 $ 53,077 $ 81,164
Earnings per common share:        
Basic $ 0.24 $ 0.25 $ 0.79 $ 1.18
Diluted $ 0.21 $ 0.22 $ 0.69 $ 1.04
Weighted-average number of common shares outstanding:        
Basic 66,482 69,633 66,950 68,675
Diluted 77,544 79,759 76,612 78,326
[1] No individual client accounted for more than 10 percent of total net revenues for the three and nine months ended September 30, 2016 or 2015.