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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST AND DIVIDEND INCOME    
Loans receivable, including fees $ 337,904 $ 272,061
Investment securities 15,456 15,247
Resale agreements 6,934 9,468
Restricted equity securities 634 777
Interest-bearing cash and deposits with banks 10,945 5,116
Total interest and dividend income 371,873 302,669
INTEREST EXPENSE    
Deposits 39,136 23,672
Federal funds purchased and other short-term borrowings 7 413
FHLB advances 2,260 2,030
Repurchase agreements 2,306 3,143
Long-term debt 1,471 1,289
Total interest expense 45,180 30,547
Net interest income before provision for credit losses 326,693 272,122
Provision for credit losses 20,218 7,068
Net interest income after provision for credit losses 306,475 265,054
NONINTEREST INCOME    
Branch fees 10,430 9,924
Letters of credit fees and foreign exchange income 9,602 11,441
Ancillary loan fees and other income 5,581 4,982
Wealth management fees 2,953 4,335
Derivative fees and other income 6,690 2,506
Net gains on sales of loans 1,582 2,754
Net gains on sales of available-for-sale investment securities 2,129 2,474
Net gains on sales of fixed assets 1,086 72,007
Net gain on sale of business 31,470 0
Other fees and operating income 2,921 5,405
Total noninterest income 74,444 115,828
NONINTEREST EXPENSE    
Compensation and employee benefits 95,234 84,603
Occupancy and equipment expense 16,880 15,640
Deposit insurance premiums and regulatory assessments 6,273 5,929
Legal expense 2,255 3,062
Data processing 3,401 2,947
Consulting expense 2,352 1,919
Deposit related expense 2,679 2,365
Computer software expense 5,054 3,968
Other operating expense 17,607 18,085
Amortization of tax credit and other investments 17,400 14,360
Total noninterest expense 169,135 152,878
INCOME BEFORE INCOME TAXES 211,784 228,004
INCOME TAX EXPENSE 24,752 58,268
NET INCOME $ 187,032 $ 169,736
EARNINGS PER SHARE (“EPS”)    
BASIC (in dollars per share) $ 1.29 $ 1.18
DILUTED (in dollars per share) $ 1.28 $ 1.16
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING    
BASIC (in shares) 144,664 144,249
DILUTED (in shares) 145,939 145,732
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.20 $ 0.20