XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - 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:        
Interest and fees on loans $ 352,112 $ 323,974 $ 684,050 $ 623,467
Interest on investment securities available-for-sale 31,247 32,634 63,090 65,481
Interest on investment securities held-to-maturity 132 132 263 263
Interest on loans held-for-sale 8,128 11,228 18,005 23,372
Interest on trading securities 13,154 14,742 26,702 29,150
Interest on other earning assets 7,316 5,101 20,594 9,433
Total interest income 412,089 387,811 812,704 751,166
Interest on deposits:        
Savings 36,806 25,600 76,720 40,500
Time deposits 22,439 11,236 42,693 20,761
Other interest-bearing deposits 19,757 11,913 41,799 22,521
Interest on trading liabilities 3,756 4,790 6,572 9,914
Interest on short-term borrowings 11,038 10,110 17,782 20,152
Interest on term borrowings 14,683 13,230 29,020 25,213
Total interest expense 108,479 76,879 214,586 139,061
Net interest income 303,610 310,932 598,118 612,105
Provision/(provision credit) for loan losses 13,000 0 22,000 (1,000)
Net interest income after provision/(provision credit) for loan losses 290,610 310,932 576,118 613,105
Noninterest income:        
Fixed income 66,414 37,697 120,163 83,203
Deposit transactions and cash management 32,374 36,083 63,995 72,067
Brokerage, management fees and commissions 14,120 13,740 26,753 27,223
Trust services and investment management 7,888 8,132 14,914 15,409
Bankcard income 6,355 7,195 13,307 13,990
Bank-owned life insurance (BOLI) 5,126 5,773 9,528 9,766
Debt securities gains/(losses), net (267) 0 (267) 52
Equity securities gains/(losses), net (Note 3) 316 31 347 65
All other income and commissions (Note 8) 25,667 18,874 50,298 41,767
Total noninterest income 157,993 127,525 299,038 263,542
Adjusted gross income after provision/(provision credit) for loan losses 448,603 438,457 875,156 876,647
Noninterest expense:        
Employee compensation, incentives, and benefits 171,643 165,890 349,568 337,144
Occupancy 20,719 22,503 41,412 42,954
Computer software 15,001 15,123 30,140 30,255
Operations services 11,713 14,653 23,201 30,214
Professional fees 11,291 15,415 23,590 27,687
Equipment rentals, depreciation, and maintenance 8,375 10,708 17,204 20,726
Communications and courier 7,380 7,530 13,833 15,762
Legal fees 6,486 2,784 9,317 5,129
Amortization of intangible assets 6,206 6,460 12,422 12,934
Advertising and public relations 5,574 5,070 12,816 8,669
FDIC premium expense 4,247 9,978 8,520 18,592
Contract employment and outsourcing 3,078 5,907 6,449 9,960
Repurchase and foreclosure provision/(provision credit) (530) (252) (985) (324)
All other expense (Note 8) 29,211 50,999 48,997 86,331
Total noninterest expense 300,394 332,768 596,484 646,033
Income/(loss) before income taxes 148,209 105,689 278,672 230,614
Provision/(benefit) for income taxes 34,467 19,697 61,525 49,628
Net income/(loss) 113,742 85,992 217,147 180,986
Net income attributable to noncontrolling interest 2,852 2,852 5,672 5,672
Net income/(loss) attributable to controlling interest 110,890 83,140 211,475 175,314
Preferred stock dividends 1,550 1,550 3,100 3,100
Net income/(loss) available to common shareholders $ 109,340 $ 81,590 $ 208,375 $ 172,214
Basic earnings/(loss) per share (in dollars per share) $ 0.35 $ 0.25 $ 0.66 $ 0.53
Diluted earnings/(loss) per share (in dollars per share) $ 0.35 $ 0.25 $ 0.66 $ 0.52
Weighted average common shares (in shares) 314,063 325,153 315,740 325,817
Diluted average common shares (in shares) 315,786 328,426 317,720 329,353
Cash dividends declared per common share (in dollars per share) $ 0.14 $ 0.12 $ 0.28 $ 0.24