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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 326,599 $ 331,938
Interest on investment securities available-for-sale 27,756 31,843
Interest on investment securities held-to-maturity 131 131
Interest on loans held-for-sale 6,899 9,877
Interest on trading securities 13,117 13,548
Interest on other earning assets 3,866 13,278
Total interest income 378,368 400,615
Interest on deposits:    
Savings 26,333 39,914
Time deposits 13,943 20,254
Other interest-bearing deposits 14,213 22,042
Interest on trading liabilities 3,292 2,816
Interest on short-term borrowings 9,864 6,744
Interest on term borrowings 7,921 14,337
Total interest expense 75,566 106,107
Net interest income 302,802 294,508
Provision/(provision credit) for loan losses 145,000 9,000
Net interest income after provision/(provision credit) for loan losses 157,802 285,508
Noninterest income:    
Fixed income 95,635 53,749
Deposit transactions and cash management 30,290 31,621
Brokerage, management fees and commissions 15,405 12,633
Bankcard income 7,253 6,952
Trust services and investment management 7,195 7,026
Bank-owned life insurance (BOLI) 4,589 4,402
Equity securities gains/(losses), net (Note 3) 25 31
All other income and commissions (Note 7) 14,364 24,631
Total noninterest income 174,756 141,045
Adjusted gross income after provision/(provision credit) for loan losses 332,558 426,553
Noninterest expense:    
Employee compensation, incentives, and benefits 183,470 177,925
Occupancy 19,563 20,693
Computer software 16,027 15,139
Operations services 11,692 11,488
Equipment rentals, depreciation, and maintenance 8,552 8,829
Advertising and public relations 7,456 7,242
Professional fees 6,996 12,299
FDIC premium expense 6,742 4,273
Communications and courier 5,528 6,453
Amortization of intangible assets 5,308 6,216
Contract employment and outsourcing 4,936 3,371
Legal fees 1,823 2,831
All other expense (Note 7) 33,226 19,331
Total noninterest expense 311,319 296,090
Income/(loss) before income taxes 21,239 130,463
Provision/(benefit) for income taxes 4,767 27,058
Net income/(loss) 16,472 103,405
Net income attributable to noncontrolling interest 2,852 2,820
Net income/(loss) attributable to controlling interest 13,620 100,585
Preferred stock dividends 1,550 1,550
Net income/(loss) available to common shareholders $ 12,070 $ 99,035
Basic earnings/(loss) per share (Note 9) (in dollars per share) $ 0.04 $ 0.31
Diluted earnings/(loss) per share (Note 9) (in dollars per share) $ 0.04 $ 0.31
Weighted average common shares (Note 9) (in shares) 311,597 317,435
Diluted average common shares (Note 9) (in shares) 313,170 319,581