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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 385,538 $ 306,939 $ 1,088,997 $ 872,039
Investment securities 15,180   45,695  
Investment securities   14,828   43,936
Resale agreements 7,393 7,901 21,509 25,222
Restricted equity securities 721 612 2,155 1,859
Interest-bearing cash and deposits with banks 13,353 9,630 36,013 22,298
Total interest and dividend income 422,185 339,910 1,194,369 965,354
INTEREST EXPENSE        
Deposits 65,032 31,086 155,433 81,803
Federal funds purchased and other short-term borrowings 643 212 774 877
FHLB advances 2,732 1,947 7,544 5,738
Repurchase agreements 3,366 2,122 8,714 7,538
Long-term debt 1,692 1,388 4,812 4,030
Total interest expense 73,465 36,755 177,277 99,986
Net interest income before provision for credit losses 348,720 303,155 1,017,092 865,368
Provision for credit losses 10,542 12,996 46,296 30,749
Net interest income after provision for credit losses 338,178 290,159 970,796 834,619
NONINTEREST INCOME        
Branch fees 9,777 10,393 30,347 30,638
Letters of credit fees and foreign exchange income 14,649 10,564 39,924 34,370
Ancillary loan fees and other income 6,795 5,987 18,217 16,876
Wealth management fees 3,535 3,461 10,989 11,177
Derivative fees and other income 4,595 6,663 17,855 12,934
Net gains on sales of loans 1,145 2,360 5,081 6,660
Net gains on sales of available-for-sale investment securities 35   2,374  
Net gains on sales of available-for-sale investment securities   1,539   6,733
Net gains on sales of fixed assets 3,402 1,043 5,602 74,092
Net gain on sale of business 0 3,807 31,470 3,807
Other fees and operating income 2,569 3,653 7,355 15,255
Total noninterest income 46,502 49,470 169,214 212,542
NONINTEREST EXPENSE        
Compensation and employee benefits 96,733 79,583 285,832 244,930
Occupancy and equipment expense 17,292 16,635 50,879 47,829
Deposit insurance premiums and regulatory assessments 6,013 5,676 18,118 17,384
Legal expense 1,544 3,316 6,636 8,930
Data processing 3,289 3,004 10,017 9,009
Consulting expense 2,683 4,087 10,155 10,775
Deposit related expense 2,600 2,413 8,201 7,283
Computer software expense 5,478 4,393 16,081 13,823
Other operating expense 23,394 21,411 61,780 60,166
Amortization of tax credit and other investments 20,789 23,827 58,670 66,059
Total noninterest expense 179,815 164,345 526,369 486,188
INCOME BEFORE INCOME TAXES 204,865 175,284 613,641 560,973
INCOME TAX EXPENSE 33,563 42,624 82,958 140,247
NET INCOME $ 171,302 $ 132,660 $ 530,683 $ 420,726
EARNINGS PER SHARE (“EPS”)        
BASIC (in dollars per share) $ 1.18 $ 0.92 $ 3.66 $ 2.91
DILUTED (in dollars per share) $ 1.17 $ 0.91 $ 3.63 $ 2.88
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING        
BASIC (in shares) 144,921 144,498 144,829 144,412
DILUTED (in shares) 146,173 145,882 146,158 145,849