STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2013

	Three Months Ended June 30, 2013
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	74,015
Less:
Preferred stock dividends	(1,714		)
Earnings allocated to participating securities	(400		)
Basic EPS — income allocated to common stockholders	$	71,901		137,536	$	0.52
Effect of dilutive securities:
Stock options	—			59
Restricted stock units	33			221
Convertible preferred stock	—			—
Diluted EPS — income allocated to common stockholders	$	71,934		137,816	$	0.52

	Three Months Ended June 30, 2012
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	70,557
Less:
Preferred stock dividends	(1,714		)
Earnings allocated to participating securities	(859		)
Basic EPS — income available to common stockholders	$	67,984		142,107	$	0.48
Effect of dilutive securities:
Stock options	—			36
Restricted stock units	7			72
Convertible preferred stock	1,714			5,571
Diluted EPS — income available to common stockholders	$	69,705		147,786	$	0.47

	Six Months Ended June 30, 2013
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	146,106
Less:
Preferred stock dividends	(3,428		)
Earnings allocated to participating securities	(988		)
Basic EPS — income allocated to common stockholders	$	141,690		137,592	$	1.03
Effect of dilutive securities:
Stock options	—			55
Restricted stock units	68			227
Convertible preferred stock	3,428			3,699
Diluted EPS — income allocated to common stockholders	$	145,186		141,573	$	1.03

	Six Months Ended June 30, 2012
	Net Income			Number of Shares	Per Share Amounts
	(In thousands, except per share data)
Net income	$	138,640
Less:
Preferred stock dividends	(3,428		)
Earnings allocated to participating securities	(1,718		)
Basic EPS — income available to common stockholders	$	133,494		143,727	$	0.93
Effect of dilutive securities:
Stock options	—			41
Restricted stock units	15			75
Convertible preferred stock	3,428			5,571
Diluted EPS — income available to common stockholders	$	136,937		149,414	$	0.92

Shares excluded from the calculation of diluted EPS

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
	(In thousands)
Convertible preferred stock	1,841	—	—	—
Stock options	159	334	214	365
Restricted stock units	6	1	4	2

Accumulated other comprehensive income (loss), net of tax

	Unrealized (loss) gain on
	investment securities			Foreign currency		Unrealized gain on
	available-for-sale			translation adjustments		other investments		Total
	(In thousands)
Balance, December 31, 2011	$	(34,848	)	$	900	$	8	$	(33,940	)
Period Change	18,013			—		4		18,017
Balance, June 30, 2012	$	(16,835	)	$	900	$	12	$	(15,923	)

Balance, December 31, 2012	$	4,643		$	—	$	26	$	4,669
Other comprehensive income before reclassifications	(20,029		)	—		17		(20,012		)
Amounts reclassified from AOCI	(6,335		)	—		—		(6,335		)
Net current period other comprehensive loss	(26,364		)	—		17		(26,347		)
Balance, June 30, 2013	$	(21,721	)	$	—	$	43	$	(21,678	)

Schedule of reclassifications out of accumulated other comprehensive income

	Amount Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Income Components	Comprehensive Income			Where Net Income is Presented
	(In thousands)
Three Months Ended June 30, 2013
Investment securities available for sale Realized net gains on sale of securities	$	5,345		Net gain on sales of investment securities
	5,345
	(2,245		)	Tax expense
Total reclassifications	$	3,100

Six Months Ended June 30, 2013
Investment securities available for sale Realized net gains on sale of securities	$	10,922		Net gain on sales of investment securities
	10,922
	(4,587		)	Tax expense
Total reclassifications	$	6,335

Schedule of tax effect allocated to component of other comprehensive income

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
	(In thousands)
Three Months Ended June 30, 2013
Unrealized loss on investment securities available-for-sale:
Unrealized holding losses arising during period	$	(42,707	)	$	17,937		$	(24,770	)
Less: reclassification adjustment for gains included in income	(5,345		)	2,245			(3,100		)
Net unrealized loss	(48,052		)	20,182			(27,870		)
Noncredit-related impairment loss on securities	—			—			—
Unrealized gain on other investments	12			(5		)	7
Less: reclassification adjustment for gains included in income	—			—			—
Other comprehensive loss	$	(48,040	)	$	20,177		$	(27,863	)

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
	(In thousands)
Three Months Ended June 30, 2012
Unrealized gain on investment securities available-for-sale:
Unrealized holding gains arising during period	$	1,728		$	(726	)	$	1,002
Less: reclassification adjustment for gains included in income	(71		)	30			(41		)
Net unrealized gain	1,657			(696		)	961
Noncredit-related impairment loss on securities	—			—			—
Unrealized gain on other investments	(10		)	4			(6		)
Less: reclassification adjustment for gains included in income	—			—			—
Other comprehensive income	$	1,647		$	(692	)	$	955

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
	(In thousands)
Six Months Ended June 30, 2013
Unrealized loss on investment securities available-for-sale:
Unrealized holding losses arising during period	$	(34,533	)	$	14,504		$	(20,029	)
Less: reclassification adjustment for gains included in income	(10,922		)	4,587			(6,335		)
Net unrealized loss	(45,455		)	19,091			(26,364		)
Noncredit-related impairment loss on securities	—			—			—
Unrealized gain on other investments	29			(12		)	17
Less: reclassification adjustment for gains included in income	—			—			—
Other comprehensive loss	$	(45,426	)	$	19,079		$	(26,347	)

				Tax
	Before-Tax			(Expense)			Net-of-Tax
	Amount			or Benefit			Amount
	(In thousands)
Six Months Ended June 30, 2012
Unrealized gain on investment securities available-for-sale:
Unrealized gain on holding gains arising during period	$	36,676		$	(15,404	)	$	21,272
Less: reclassification adjustment for gains included in income	(554		)	233			(321		)
Net unrealized gains	36,122			(15,171		)	20,951
Noncredit-related impairment loss on securities	(5,066		)	2,128			(2,938		)
Unrealized gains on other investments	7			(3		)	4
Less: reclassification adjustment for gains included in income	—			—			—
Other comprehensive income	$	31,063		$	(13,046	)	$	18,017

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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