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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Loans $ 386,277 $ 367,669 $ 759,861 $ 730,805
Money market investments 36,392 11,131 58,677 17,704
Investment securities 58,181 49,933 115,390 96,219
Total interest income 480,850 428,733 933,928 844,728
Interest expense:        
Deposits 45,228 34,092 83,916 67,849
Short-term borrowings 1,752 1,115 3,765 2,210
Long-term debt 19,734 19,047 39,064 38,092
Total interest expense 66,714 54,254 126,745 108,151
Net interest income 414,136 374,479 807,183 736,577
Provision for loan losses     131,117 93,177
Net interest income after provision for loan losses 354,082 322,000 676,066 643,400
Service charges on deposit accounts 37,102 41,073 73,557 80,609
Other service fees 62,876 59,168 123,478 115,343
Mortgage banking activities 10,071 10,741 22,139 22,110
Other-than-temporary impairment losses on debt securities 0 (8,299) 0 (8,299)
Net gain (loss), including impairment on equity securities 234 19 (412) 181
Net profit (loss) on trading account debt securities 21 (655) (177) (933)
Adjustments (expense) to indemnity reserves on loans sold (527) (2,930) (3,453) (4,896)
FDIC loss share income (expense) 102,752 (475) 94,725 (8,732)
Other operating income 22,280 18,151 38,449 37,279
Total non-interest income 234,809 116,793 348,306 232,662
Operating expenses:        
Personnel costs 124,332 116,948 250,184 240,688
Net occupancy expenses 22,425 22,265 45,227 43,041
Equipment expenses 17,775 16,250 34,981 32,220
Other taxes 10,876 10,740 21,778 21,709
Professional Fees 93,903 72,934 176,888 142,184
Communications 5,382 5,899 11,288 11,848
Business promotion 16,778 13,366 28,787 24,942
FDIC deposit insurance 7,004 6,172 13,924 12,665
Other real estate owned (O R E O) expenses 6,947 16,670 13,078 29,488
Other operating expenses 29,922 23,247 58,886 54,679
Amortization of intangibles 2,324 2,344 4,649 4,689
Total operating expenses 337,668 306,835 659,670 618,153
Income before income tax 251,223 131,958 364,702 257,909
Income tax (benefit) expense (28,560) 35,732 (6,405) 68,738
Net Income 279,783 96,226 371,107 189,171
Net income applicable to common stock $ 278,852 $ 95,295 $ 369,245 $ 187,309
Net Income per Common Share - Basic $ 2.74 $ 0.94 $ 3.63 $ 1.83
Net Income per Common Share - Diluted 2.73 0.94 3.62 1.83
Dividends Declared per Common Share $ 0.25 $ 0.25 $ 0.5 $ 0.5
Non Covered Under Loss Sharing Agreements with FDIC        
Interest expense:        
Provision for loan losses $ 60,054 $ 49,965 $ 129,387 $ 92,022
Covered Under Loss Sharing Agreements With FDIC Member        
Interest expense:        
Provision for loan losses $ 0 $ 2,514 $ 1,730 $ 1,155