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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans $ 447,713 $ 373,584
Money market investments 29,220 22,285
Investment securities 81,036 57,209
Total interest income 557,969 453,078
Interest expense:    
Deposits 70,826 38,688
Short-term borrowings 1,600 2,013
Long-term debt 14,580 19,330
Total interest expense 87,006 60,031
Net interest income 470,963 393,047
Provision for loan losses 41,825 71,063
Net interest income after provision for loan losses 429,138 321,984
Mortgage banking activities 9,926 12,068
Net gain (loss), including impairment on equity securities 1,433 (646)
Net profit (loss) on trading account debt securities 260 (198)
Adjustments (expense) to indemnity reserves on loans sold (93) (2,926)
FDIC loss-share expense 0 (8,027)
Other operating income 21,906 16,169
Total non-interest income 136,430 113,497
Operating expenses:    
Personnel costs 143,117 125,852
Net occupancy expenses 23,537 22,802
Equipment expenses 19,705 17,206
Other taxes 11,662 10,902
Professional fees 87,466 82,985
Communications 5,849 5,906
Business promotion 14,674 12,009
FDIC deposit insurance 4,806 6,920
Other real estate owned (O R E O) expenses 2,677 6,131
Other operating expenses 31,615 28,964
Amortization of intangibles 2,312 2,325
Total operating expenses 347,420 322,002
Income before income tax 218,148 113,479
Income tax expense 50,223 22,155
Net Income 167,925 91,324
Net Income Applicable to Common Stock $ 166,994 $ 90,393
Net Income per Common Share - Basic $ 1.69 $ 0.89
Net Income per Common Share - Diluted $ 1.69 $ 0.89
Service charges on deposit accounts    
Interest expense:    
Revenue from contract with customer $ 38,691 $ 36,455
Other services    
Interest expense:    
Revenue from contract with customer 64,307 60,602
Non-covered loans    
Interest expense:    
Provision for loan losses 41,825 69,333
Covered loans    
Interest expense:    
Provision for loan losses $ 0 $ 1,730