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Consolidated Statement of income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST AND DIVIDEND INCOME      
Loans receivable, including fees $ 1,198,440 $ 1,035,377 $ 968,625
Investment securities 58,670 53,399 41,375
Resale agreements 32,095 30,547 19,799
Restricted equity securities 2,524 3,427 6,077
Interest-bearing cash and deposits with banks 33,390 14,731 17,939
Total interest and dividend income 1,325,119 1,137,481 1,053,815
INTEREST EXPENSE      
Deposits 116,391 84,224 73,505
Federal funds purchased and other short-term borrowings 1,003 713 58
FHLB advances 7,751 5,585 4,270
Repurchase agreements 9,476 9,304 20,907
Long-term debt 5,429 5,017 4,636
Total interest expense 140,050 104,843 103,376
Net interest income before provision for credit losses 1,185,069 1,032,638 950,439
Provision for credit losses 46,266 27,479 14,217
Net interest income after provision for credit losses 1,138,803 1,005,159 936,222
NONINTEREST INCOME      
Branch fees 42,490 41,178 39,495
Letters of credit fees and foreign exchange income 42,779 45,760 38,985
Ancillary loan fees and other income 23,333 19,352 15,029
Wealth management fees 14,632 13,240 18,268
Derivative fees and other income 17,671 16,781 16,493
Net gains on sales of loans 8,870 6,085 24,873
Net gains on sales of available-for-sale investment securities 8,037 10,362 40,367
Net gains on sales of fixed assets 77,388 3,178 3,567
Net gain on sale of business 3,807 0 0
Changes in Federal Deposit Insurance Corporation (“FDIC”) indemnification asset and receivable/payable 0 0 (37,980)
Other fees and operating income 19,399 26,982 24,286
Total noninterest income 258,406 182,918 183,383
NONINTEREST EXPENSE      
Compensation and employee benefits 335,291 300,115 262,193
Occupancy and equipment expense 64,921 61,453 61,292
Deposit insurance premiums and regulatory assessments 23,735 23,279 18,772
Legal expense 11,444 2,841 16,373
Data processing 12,093 11,683 10,185
Consulting expense 14,922 22,742 17,234
Deposit related expense 9,938 10,394 10,379
Computer software expense 18,183 12,914 8,660
Other operating expense 76,697 78,936 68,624
Amortization of tax credit and other investments 87,950 83,446 36,120
Amortization of core deposit intangibles 6,935 8,086 9,234
Repurchase agreements’ extinguishment costs 0 0 21,818
Total noninterest expense 662,109 615,889 540,884
INCOME BEFORE INCOME TAXES 735,100 572,188 578,721
INCOME TAX EXPENSE 229,476 140,511 194,044
NET INCOME $ 505,624 $ 431,677 $ 384,677
EARNINGS PER SHARE (“EPS”)      
BASIC (in dollars per share) $ 3.50 $ 3.00 $ 2.67
DILUTED (in dollars per share) $ 3.47 $ 2.97 $ 2.66
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING      
BASIC (in shares) 144,444 144,087 143,818
DILUTED (in shares) 145,913 145,172 144,512
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.8 $ 0.8 $ 0.8