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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 306,939 $ 255,316 $ 872,039 $ 763,189
Investment securities 14,828 13,388 43,936 37,433
Resale agreements 7,901 7,834 25,222 22,479
Restricted equity securities 612 611 1,859 2,008
Interest-bearing cash and deposits with banks 9,630 3,168 22,298 10,245
Total interest and dividend income 339,910 280,317 965,354 835,354
INTEREST EXPENSE        
Customer deposits 31,086 21,049 81,803 60,708
Federal funds purchased and other short-term borrowings 212 212 877 390
FHLB advances 1,947 1,361 5,738 4,153
Repurchase agreements 2,122 2,319 7,538 6,441
Long-term debt 1,388 1,228 4,030 3,726
Total interest expense 36,755 26,169 99,986 75,418
Net interest income before provision for credit losses 303,155 254,148 865,368 759,936
Provision for credit losses 12,996 9,525 30,749 17,018
Net interest income after provision for credit losses 290,159 244,623 834,619 742,918
NONINTEREST INCOME        
Branch fees 10,803 10,408 31,799 30,983
Letters of credit fees and foreign exchange income 10,154 10,908 33,209 31,404
Ancillary loan fees and other income 5,987 6,135 16,876 13,997
Wealth management fees 3,615 4,033 11,682 9,862
Derivative fees and other income 6,663 5,791 12,934 9,778
Net gains on sales of loans 2,361 2,158 6,660 6,965
Net gains on sales of available-for-sale investment securities 1,539 1,790 6,733 8,468
Net gains on sales of fixed assets 1,043 486 74,092 2,916
Net gain on sale of business 3,807 0 3,807 0
Other fees and operating income 3,652 7,632 15,255 19,745
Total noninterest income 49,624 49,341 213,047 134,118
NONINTEREST EXPENSE        
Compensation and employee benefits 79,583 75,042 244,930 220,166
Occupancy and equipment expense 16,635 15,456 47,829 45,619
Deposit insurance premiums and regulatory assessments 5,676 6,450 17,384 17,341
Legal expense 3,316 5,361 8,930 12,714
Data processing 3,004 2,729 9,009 8,712
Consulting expense 4,087 4,594 10,775 19,027
Deposit related expense 2,413 3,082 7,283 7,675
Computer software expense 4,393 3,331 13,823 9,267
Other operating expense 19,830 19,814 55,357 58,508
Amortization of tax credit and other investments 23,827 32,618 66,059 60,779
Amortization of core deposit intangibles 1,735 2,023 5,314 6,177
Total noninterest expense 164,499 170,500 486,693 465,985
INCOME BEFORE INCOME TAXES 175,284 123,464 560,973 411,051
INCOME TAX EXPENSE 42,624 13,321 140,247 90,108
NET INCOME $ 132,660 $ 110,143 $ 420,726 $ 320,943
EARNINGS PER SHARE (“EPS”)        
BASIC (in dollars per share) $ 0.92 $ 0.76 $ 2.91 $ 2.23
DILUTED (in dollars per share) $ 0.91 $ 0.76 $ 2.88 $ 2.21
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
BASIC (in shares) 144,498 144,122 144,412 144,061
DILUTED (in shares) 145,882 145,238 145,849 145,086
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.20 $ 0.20 $ 0.6 $ 0.6