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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Loans and leases, including fees $ 1,125,577 $ 1,024,471 $ 2,243,490 $ 2,004,440
Investment securities        
Fully taxable 75,578 82,019 155,989 164,871
Exempt from federal taxes 77 172 172 420
Deposits at banks 36,325 21,869 63,732 40,546
Other 356 374 839 778
Total interest income 1,237,913 1,128,905 2,464,222 2,211,055
Interest expense        
Savings and interest-checking deposits 91,557 48,738 167,695 89,265
Time deposits 24,931 11,362 46,012 22,298
Deposits at Cayman Islands office 6,039 542 10,777 923
Short-term borrowings 7,893 1,383 14,606 2,266
Long-term borrowings 66,012 58,093 133,591 111,999
Total interest expense 196,432 120,118 372,681 226,751
Net interest income 1,041,481 1,008,787 2,091,541 1,984,304
Provision for credit losses 55,000 35,000 77,000 78,000
Net interest income after provision for credit losses 986,481 973,787 2,014,541 1,906,304
Other income        
Brokerage services income 12,478 12,629 24,954 26,021
Trading account and foreign exchange gains 18,453 5,255 29,255 9,892
Gain (loss) on bank investment securities 8,911 2,326 20,752 (7,105)
Other revenues from operations 112,763 100,280 247,200 226,582
Total other income 512,095 457,414 1,012,860 916,110
Other expense        
Salaries and employee benefits 455,737 418,537 954,937 881,965
Equipment and net occupancy 79,150 73,031 158,497 147,828
Outside data processing and software 55,234 49,712 107,651 98,141
FDIC assessments 9,772 19,560 19,198 39,840
Advertising and marketing 24,046 21,768 44,321 38,016
Printing, postage and supplies 10,324 8,719 20,179 18,038
Amortization of core deposit and other intangible assets 5,077 6,388 10,097 13,020
Other costs of operations 233,692 178,862 452,500 473,073
Total other expense 873,032 776,577 1,767,380 1,709,921
Income before taxes 625,544 654,624 1,260,021 1,112,493
Income taxes 152,284 161,464 304,019 266,723
Net income 473,260 493,160 956,002 845,770
Net income available to common shareholders        
Basic 452,632 472,598 914,718 805,338
Diluted $ 452,633 $ 472,600 $ 914,719 $ 805,342
Net income per common share        
Basic $ 3.34 $ 3.26 $ 6.69 $ 5.49
Diluted $ 3.34 $ 3.26 $ 6.69 $ 5.48
Average common shares outstanding        
Basic 135,433 144,825 136,654 146,746
Diluted 135,464 144,998 136,685 146,941
Mortgage Banking Revenues [Member]        
Other income        
Revenue from contract with customer $ 107,321 $ 92,499 $ 202,632 $ 179,805
Service Charges on Deposit Accounts [Member]        
Other income        
Revenue from contract with customer 107,787 106,784 210,899 211,899
Trust Income [Member]        
Other income        
Revenue from contract with customer $ 144,382 $ 137,641 $ 277,168 $ 269,016