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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST AND DIVIDEND INCOME      
Loans receivable, including fees $ 1,035,377 $ 968,625 $ 1,059,205
Investment securities 53,399 41,375 44,684
Resale agreements 30,547 19,799 20,323
Investments in FHLB and Federal Reserve Bank stock 3,427 6,077 6,272
Interest-bearing cash and deposits with banks 14,731 17,939 23,214
Total interest and dividend income 1,137,481 1,053,815 1,153,698
INTEREST EXPENSE      
Customer deposits 84,224 73,505 65,486
Federal funds purchased and other short-term borrowings 713 58 0
FHLB advances 5,585 4,270 4,116
Repurchase agreements 9,304 20,907 38,395
Long-term debt 5,017 4,636 4,823
Total interest expense 104,843 103,376 112,820
Net interest income before provision for credit losses 1,032,638 950,439 1,040,878
Provision for credit losses 27,479 14,217 49,158
Net interest income after provision for credit losses 1,005,159 936,222 991,720
NONINTEREST INCOME (LOSS)      
Branch fees 41,178 39,495 37,866
Letters of credit fees and foreign exchange income 45,760 38,985 37,323
Ancillary loan fees 19,352 15,029 10,616
Wealth management fees 13,240 18,268 16,162
Derivative fees and other income 16,781 16,493 10,991
Net gains on sales of loans 6,087 24,874 39,132
Net gains on sales of available-for-sale investment securities 10,362 40,367 10,715
Changes in Federal Deposit Insurance Corporation (“FDIC”) indemnification asset and receivable/payable 0 (37,980) (201,417)
Other fees and operating income 30,158 27,852 26,898
Total noninterest income (loss) 182,918 183,383 (11,714)
NONINTEREST EXPENSE      
Compensation and employee benefits 300,115 262,193 231,838
Occupancy and equipment expense 61,453 61,292 63,815
Deposit insurance premiums and regulatory assessments 23,279 18,772 21,922
Other real estate owned (“OREO”) expense (income) 1,474 (8,914) (3,591)
Legal expense 2,841 16,373 53,018
Data processing 11,683 10,185 15,888
Consulting expense 22,742 17,234 8,511
Deposit related expenses 10,394 10,379 8,452
Computer software expense 12,914 8,660 7,493
Other operating expense 77,462 77,538 71,341
Amortization of tax credit and other investments 83,446 36,120 44,092
Amortization of core deposit intangibles 8,086 9,234 10,204
Repurchase agreements’ extinguishment costs 0 21,818 0
Total noninterest expense 615,889 540,884 532,983
INCOME BEFORE INCOME TAXES 572,188 578,721 447,023
INCOME TAX EXPENSE 140,511 194,044 101,145
NET INCOME $ 431,677 $ 384,677 $ 345,878
EARNINGS PER SHARE (“EPS”)      
BASIC (in dollars per share) $ 3.00 $ 2.67 $ 2.42
DILUTED (in dollars per share) $ 2.97 $ 2.66 $ 2.41
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING      
BASIC (in shares) 144,087 143,818 142,952
DILUTED (in shares) 145,172 144,512 143,563
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.80 $ 0.80 $ 0.72