QUARTERLY FINANCIAL INFORMATION (unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (unaudited)

NOTE 22—QUARTERLY FINANCIAL INFORMATION (unaudited)

	Quarters Ended
($ in thousands, except per share data)	December 31,			September 30,		June 30,		March 31,
2015
Interest and dividend income	$	270,477		$	264,632	$	255,445	$	263,261
Interest expense	23,536			24,343		27,953		27,544
Net interest income before (reversal of) provision for credit losses	246,941			240,289		227,492		235,717
(Reversal of) provision for credit losses	(2,000		)	7,736		3,494		4,987
Net interest income after (reversal of) provision for credit losses	248,941			232,553		223,998		230,730
Noninterest income	44,483			54,181		40,593		44,126
Noninterest expense	144,939			147,745		120,170		128,030
Income before taxes	148,485			138,989		144,421		146,826
Income tax expense	56,680			44,892		45,673		46,799
Net income	$	91,805		$	94,097	$	98,748	$	100,027
Earnings per share
Basic	$	0.64		$	0.65	$	0.69	$	0.70
Diluted	$	0.63		$	0.65	$	0.68	$	0.69
Weighted average number of shares outstanding (in thousands)
Basic	143,900			143,861		143,846		143,655
Diluted	144,686			144,590		144,480		144,349
Dividends declared per common share	$	0.20		$	0.20	$	0.20	$	0.20

	Quarters Ended
($ in thousands, except per share data)	December 31,		September 30,			June 30,			March 31,
2014
Interest and dividend income	$	287,135	$	285,948		$	294,442		$	286,173
Interest expense	27,647		28,974			27,992			28,207
Net interest income before provision for credit losses	259,488		256,974			266,450			257,966
Provision for credit losses	19,000		15,225			8,000			6,933
Net interest income after provision for credit losses	240,488		241,749			258,450			251,033
Noninterest income (loss)	7,805		10,342			(14,945		)	(14,916		)
Noninterest expense (1)	125,698		166,792			120,539			119,954
Income before taxes (1)	122,595		85,299			122,966			116,163
Income tax expense (benefit) (1)	27,093		(6,601		)	38,661			41,992
Net income (1)	$	95,502	$	91,900		$	84,305		$	74,171
Earnings per share
Basic (1)	$	0.67	$	0.64		$	0.59		$	0.52
Diluted (1)	$	0.66	$	0.64		$	0.59		$	0.52
Weighted average number of shares outstanding (in thousands)
Basic	143,432		143,210			143,187			141,962
Diluted	144,116		143,810			143,689			142,632
Dividends declared per common share	$	0.18	$	0.18		$	0.18		$	0.18

(1) 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. Please see Note 9—Investments in Qualified Affordable Housing Partnerships, Tax Credit and Other Investments, Netto the Consolidated Financial Statements for additional information.