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BUSINESS SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2015
BUSINESS SEGMENTS  
Operating results and key financial measures for operating segments

 

 

 

 

Three Months Ended March 31, 2015

 

($ in thousands)

 

Retail
Banking

 

Commercial
Banking

 

Other

 

Total

 

Interest income

 

$
87,446

 

$
158,786

 

$
17,029

 

$
263,261

 

Charge for funds used

 
(23,298)

 
(37,351)

 
(9,445)

 
(70,094

)

Interest spread on funds used

 
64,148

 
121,435

 
7,584

 
193,167

 

Interest expense

 
(12,224)

 
(4,263)

 
(11,057)

 
(27,544

)

Credit on funds provided

 
57,668

 
8,016

 
4,410

 
70,094

 

Interest spread on funds provided

 
45,444

 
3,753

 
(6,647)

 
42,550

 

Net interest income

 

$
109,592

 

$
125,188

 

$
937

 

$
235,717

 

Provision for loan losses

 

$
731

 

$
4,256

 

$

—

 

$
4,987

 

Depreciation, amortization and accretion (1)

 

$
1,682

 

$
(10,477)

 

$
12,922

 

$
4,127

 

Goodwill

 

$
357,207

 

$
112,226

 

$

—

 

$
469,433

 

Segment pre-tax profit

 

$
52,935

 

$
93,175

 

$
716

 

$
146,826

 

Segment assets

 

$
7,540,501

 

$
15,491,368

 

$
6,874,966

 

$
29,906,835

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

($ in thousands)

 

Retail
Banking

 

Commercial
Banking

 

Other

 

Total

 

Interest income

 

$
98,724

 

$
169,076

 

$
18,373

 

$
286,173

 

Charge for funds used

 
(16,045)

 
(21,328)

 
(23,123)

 
(60,496

)

Interest spread on funds used

 
82,679

 
147,748

 
(4,750)

 
225,677

 

Interest expense

 
(11,711)

 
(3,280)

 
(13,216)

 
(28,207

)

Credit on funds provided

 
48,193

 
8,436

 
3,867

 
60,496

 

Interest spread on funds provided

 
36,482

 
5,156

 
(9,349)

 
32,289

 

Net interest income (loss)

 

$
119,161

 

$
152,904

 

$
(14,099)

 

$
257,966

 

Provision for loan losses

 

$
2,652

 

$
4,281

 

$

—

 

$
6,933

 

Depreciation, amortization and accretion (1) (2)

 

$
2,571

 

$
(3,328)

 

$
9,821

 

$
9,064

 

Goodwill

 

$
354,163

 

$
104,304

 

$

—

 

$
458,467

 

Segment pre-tax profit (loss) (2)

 

$
52,170

 

$
86,931

 

$
(22,938)

 

$
116,163

 

Segment assets (2)

 

$
7,877,996

 

$
13,661,149

 

$
5,861,459

 

$
27,400,604

 

 

(1)

Includes amortization and accretion related to the FDIC indemnification asset.

(2)

Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company’s investments in qualified affordable housing projects ASU 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.