XML 28 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statement of income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST AND DIVIDEND INCOME      
Loans receivable, including fees $ 1,503,514 $ 1,198,440 $ 1,035,377
Investment debt securities 60,911    
Investment debt and equity securities   58,670 53,399
Resale agreements 29,328 32,095 30,547
Restricted equity securities 3,146 2,524 3,427
Interest-bearing cash and deposits with banks 54,804 33,390 14,731
Total interest and dividend income 1,651,703 1,325,119 1,137,481
INTEREST EXPENSE      
Deposits 234,752 116,391 84,224
Federal funds purchased and other short-term borrowings 1,398 1,003 713
FHLB advances 10,447 7,751 5,585
Repurchase agreements 12,110 9,476 9,304
Long-term debt 6,488 5,429 5,017
Total interest expense 265,195 140,050 104,843
Net interest income before provision for credit losses 1,386,508 1,185,069 1,032,638
Provision for credit losses 64,255 46,266 27,479
Net interest income after provision for credit losses 1,322,253 1,138,803 1,005,159
NONINTEREST INCOME      
Branch fees 39,859 40,925 39,654
Letters of credit fees and foreign exchange income 56,282 44,344 47,284
Ancillary loan fees and other income 24,052 23,333 19,352
Wealth management fees 13,785 13,974 12,600
Derivative fees and other income 18,980 17,671 16,781
Net gains on sales of loans 6,590 8,870 6,085
Net gains on sales of available-for-sale debt investment securities 2,535    
Net gains on sales of available-for-sale debt and equity securities   8,037 10,362
Net gains on sales of fixed assets 6,683 77,388 3,178
Net gain on sale of business 31,470 3,807 0
Other fees and operating income 10,673 19,399 26,982
Total noninterest income 210,909 257,748 182,278
NONINTEREST EXPENSE      
Compensation and employee benefits 379,622 335,291 300,115
Occupancy and equipment expense 68,896 64,921 61,453
Deposit insurance premiums and regulatory assessments 21,211 23,735 23,279
Legal expense 8,781 11,444 2,841
Data processing 13,177 12,093 11,683
Consulting expense 11,579 14,922 22,742
Deposit related expense 11,244 9,938 10,394
Computer software expense 22,286 18,183 12,914
Other operating expense 88,042 82,974 86,382
Amortization of tax credit and other investments 89,628 87,950 83,446
Total noninterest expense 714,466 661,451 615,249
INCOME BEFORE INCOME TAXES 818,696 735,100 572,188
INCOME TAX EXPENSE 114,995 229,476 140,511
NET INCOME $ 703,701 $ 505,624 $ 431,677
EARNINGS PER SHARE (“EPS”)      
BASIC (in dollars per share) $ 4.86 $ 3.50 $ 3.00
DILUTED (in dollars per share) $ 4.81 $ 3.47 $ 2.97
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING      
BASIC (in shares) 144,862 144,444 144,087
DILUTED (in shares) 146,169 145,913 145,172