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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Interest and fees on loans $ 1,286,470 $ 816,806 $ 679,917
Interest on investment securities available-for-sale 130,376 105,019 96,671
Interest on investment securities held-to-maturity 525 591 789
Interest on loans held-for-sale 45,108 17,517 5,506
Interest on trading securities 58,684 34,991 30,779
Interest on other earning assets 24,858 15,006 4,247
Total interest income 1,546,021 989,930 817,909
Interest on deposits:      
Savings 107,748 42,519 19,608
Time deposits 53,096 13,111 10,021
Other interest-bearing deposits 55,707 24,481 10,357
Interest on trading liabilities 19,359 15,468 15,000
Interest on short-term borrowings 36,747 16,000 4,736
Interest on term borrowings 53,047 36,037 29,103
Total interest expense 325,704 147,616 88,825
Net interest income 1,220,317 842,314 729,084
Provision/(provision credit) for loan losses 7,000 0 11,000
Net interest income after provision/(provision credit) for loan losses 1,213,317 842,314 718,084
Noninterest income:      
Fixed income 167,882 216,625 268,561
Deposit transactions and cash management 133,281 110,592 108,553
Brokerage, management fees and commissions 54,803 48,514 42,911
Trust services and investment management 29,806 28,420 27,727
Bankcard income 26,718 25,467 24,430
Bank-owned life insurance (BOLI) 18,955 15,124 14,687
Debt securities gains/(losses), net (Note 3 and Note 14) 52 483 1,485
Equity securities gains/(losses), net (Note 3) 212,896 109 (144)
All other income and commissions (Note 13) 78,395 44,885 64,231
Total noninterest income 722,788 490,219 552,441
Adjusted gross income after provision/(provision credit) for loan losses 1,936,105 1,332,533 1,270,525
Noninterest expense:      
Employee compensation, incentives, and benefits 658,223 587,465 563,791
Occupancy 85,009 54,646 50,880
Computer software 60,604 48,234 45,122
Operations services 56,280 43,823 41,852
Professional fees 45,799 47,929 19,169
Equipment rentals, depreciation, and maintenance 39,132 29,543 27,385
FDIC premium expense 31,642 26,818 21,585
Communications and courier 30,032 17,624 14,265
Amortization of intangible assets 25,855 8,728 5,198
Advertising and public relations 24,752 19,214 21,612
Contract employment and outsourcing 18,522 14,954 10,061
Legal fees 11,149 12,076 21,558
Repurchase and foreclosure provision/(provision credit) (1,039) (22,527) (32,722)
All other expense (Note 13) 136,036 135,134 115,448
Total noninterest expense 1,221,996 1,023,661 925,204
Income/(loss) before income taxes 714,109 308,872 345,321
Provision/(benefit) for income taxes (Note 15) 157,602 131,892 106,810
Net income/(loss) 556,507 176,980 238,511
Net income attributable to noncontrolling interest 11,465 11,465 11,465
Net income/(loss) attributable to controlling interest 545,042 165,515 227,046
Preferred stock dividends 6,200 6,200 6,200
Net income/(loss) available to common shareholders $ 538,842 $ 159,315 $ 220,846
Basic earnings/(loss) per share (Note 16) (in dollars per share) $ 1.66 $ 0.66 $ 0.95
Diluted earnings/(loss) per share (Note 16) (in dollars per share) $ 1.65 $ 0.65 $ 0.94
Weighted average common shares (in shares) 324,375 241,436 232,700
Diluted average common shares (in shares) 327,445 244,453 235,292
Cash dividends declared per common share (in dollars per share) $ 0.48 $ 0.36 $ 0.28