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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Loans $ 371,979 $ 363,550 $ 1,102,784 $ 1,096,468
Money market investments 15,529 4,568 33,233 11,320
Investment securities 47,276 37,732 140,699 110,728
Trading account securities 1,099 1,449 3,895 5,013
Total interest income 435,883 407,299 1,280,611 1,223,529
Interest expense:        
Deposits 37,058 32,362 104,907 92,835
Short-term borrowings 1,524 2,132 3,734 6,051
Long-term debt 19,130 19,118 57,222 57,993
Total interest expense 57,712 53,612 165,863 156,879
Net interest income 378,171 353,687 1,114,748 1,066,650
Provision for loan losses     253,936 128,651
Net interest income after provision for loan losses 217,412 310,343 860,812 937,999
Service charges on deposit accounts 39,273 40,776 119,882 120,934
Other service fees 53,481 59,169 168,824 169,496
Mortgage banking activities 5,239 15,272 27,349 42,050
Sale and valuation adjustments of investment securities 103 349 284 1,932
Other-than-temporary impairment on investment securities 0 0 (8,299) (209)
Trading account profit 253 (113) (680) 842
Net (loss) gain on sale of loans, including valuation adjustments on loans held-for-sale (420) 8,549 (420) 8,245
Adjustments (expense) to indemnity reserves on loans sold (6,406) (4,390) (11,302) (14,234)
FDIC loss share (expense) income (3,948) (61,723) (12,680) (77,445)
Other operating income 12,799 18,089 50,078 46,500
Total non-interest income 100,374 75,978 333,036 298,111
Operating expenses:        
Personnel costs 119,636 121,224 364,058 365,023
Net occupancy expenses 22,254 21,626 65,295 63,770
Equipment expenses 16,457 15,922 48,677 45,731
Other taxes 10,858 11,324 32,567 31,689
Professional Fees 70,772 81,266 212,956 237,350
Communications 5,394 5,785 17,242 18,117
Business promotion 15,216 12,726 40,158 37,541
FDIC deposit insurance 6,271 5,854 18,936 18,586
Other real estate owned (O R E O) expenses 11,724 11,295 41,212 33,416
Other operating expenses 36,161 29,752 87,106 70,432
Amortization of intangibles 2,345 3,097 7,034 9,308
Goodwill impairment charge 0 3,801 0 3,801
Total operating expenses 317,088 323,672 935,241 934,764
Income before income tax 698 62,649 258,607 301,346
Income tax expense (19,966) 15,839 48,772 80,550
Net Income 20,664 46,810 209,835 220,796
Net income applicable to common stock $ 19,734 $ 45,880 $ 207,043 $ 218,004
Net Income per Common Share - Basic $ 0.19 $ 0.44 $ 2.03 $ 2.11
Net Income per Common Share - Diluted 0.19 0.44 2.03 2.11
Dividends Declared per Common Share $ 0.25 $ 0.15 $ 0.75 $ 0.45
Non Covered Under Loss Sharing Agreements with FDIC        
Interest expense:        
Provision for loan losses $ 157,659 $ 42,594 $ 249,681 $ 130,202
Covered Under Loss Sharing Agreements With FDIC Member        
Interest expense:        
Provision for loan losses $ 3,100 $ 750 $ 4,255 $ (1,551)