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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
INTEREST AND DIVIDEND INCOME    
Loans receivable, including fees $ 253,542 $ 241,566
Investment securities 11,193 10,184
Resale agreements 6,677 4,849
Investment in FHLB and Federal Reserve Bank stock 795 1,236
Due from banks and short-term investments 3,965 5,426
Total interest and dividend income 276,172 263,261
INTEREST EXPENSE    
Customer deposits 19,297 16,963
Short-term borrowings 9 0
FHLB advances 1,500 1,033
Repurchase agreements 1,926 8,406
Long-term debt 1,236 1,142
Total interest expense 23,968 27,544
Net interest income before provision for credit losses 252,204 235,717
Provision for credit losses 1,440 4,987
Net interest income after provision for credit losses 250,764 230,730
NONINTEREST INCOME    
Branch fees 10,222 9,384
Letters of credit fees and foreign exchange income 9,553 8,706
Ancillary loan fees 3,577 2,656
Wealth management fees 3,051 5,179
Derivative commission income 3,466 5,306
Changes in FDIC indemnification asset and receivable/payable 0 (8,422)
Net gains on sales of loans 1,927 9,551
Net gains on sales of available-for-sale investment securities 3,842 4,404
Other fees and operating income 4,875 7,362
Total noninterest income 40,513 44,126
NONINTEREST EXPENSE    
Compensation and employee benefits 71,837 64,253
Occupancy and equipment expense 14,415 15,443
Amortization of tax credit and other investments 14,155 6,299
Amortization of premiums on deposits acquired 2,104 2,391
Deposit insurance premiums and regulatory assessments 5,418 5,656
Deposit related expenses 2,207 2,238
Other real estate owned (“OREO”) expense (income) 528 (1,026)
Legal expense 3,007 6,870
Data processing 2,688 2,617
Consulting expense 8,452 2,431
Other operating expense 21,795 20,858
Total noninterest expense 146,606 128,030
INCOME BEFORE INCOME TAXES 144,671 146,826
INCOME TAX EXPENSE 37,155 46,799
NET INCOME $ 107,516 $ 100,027
EARNINGS PER SHARE (“EPS”)    
BASIC (in dollars per share) $ 0.75 $ 0.70
DILUTED (in dollars per share) $ 0.74 $ 0.69
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    
BASIC (in shares) 143,958 143,655
DILUTED (in shares) 144,803 144,349
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.2 $ 0.2