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Consolidated Condensed Statements Of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest income:        
Interest and fees on loans $ 150,555,000 $ 144,675,000 $ 447,735,000 $ 426,042,000
Interest on investment securities available-for-sale 23,233,000 23,254,000 69,355,000 70,038,000
Interest on investment securities held-to-maturity 66,000 66,000 198,000 198,000
Interest on loans held-for-sale 1,311,000 3,263,000 4,152,000 9,687,000
Interest on trading securities 8,056,000 7,737,000 26,108,000 23,529,000
Interest on other earning assets 466,000 (137,000) 1,237,000 307,000
Total interest income 183,687,000 178,858,000 548,785,000 529,801,000
Interest on deposits:        
Savings 2,785,000 2,600,000 9,062,000 8,475,000
Time deposits 1,230,000 1,786,000 3,986,000 7,334,000
Other interest-bearing deposits 1,118,000 754,000 3,179,000 2,318,000
Certificates of deposit $100,000 and more 756,000 685,000 2,468,000 2,577,000
Interest on trading liabilities 4,258,000 3,782,000 11,942,000 11,440,000
Interest on short-term borrowings 664,000 1,265,000 2,436,000 3,565,000
Interest on term borrowings 9,314,000 8,445,000 28,644,000 25,424,000
Total interest expense 20,125,000 19,317,000 61,717,000 61,133,000
Net interest income 163,562,000 159,541,000 487,068,000 468,668,000
Provision for loan losses 1,000,000 6,000,000 8,000,000 21,000,000
Net interest income after provision for loan losses 162,562,000 153,541,000 479,068,000 447,668,000
Noninterest income:        
Fixed income 51,804,000 47,589,000 169,664,000 152,109,000
Deposit transactions and cash management 28,911,000 28,546,000 83,892,000 82,913,000
Brokerage, management fees and commissions 11,620,000 12,333,000 35,475,000 37,452,000
Trust services and investment management 6,590,000 6,779,000 20,704,000 20,832,000
Bankcard income 5,561,000 5,521,000 16,631,000 17,960,000
Bank-owned life insurance 4,135,000 3,547,000 10,988,000 12,891,000
Other service charges 2,968,000 3,064,000 8,859,000 9,052,000
Mortgage banking 761,000 41,559,000 2,721,000 69,449,000
Insurance commissions 608,000 593,000 1,858,000 1,641,000
Equity securities gains/(losses), net (345,000) (862,000) (61,000) 2,872,000
All other income and commissions (Note 7) 12,490,000 9,146,000 34,362,000 23,275,000
Total noninterest income 125,103,000 157,815,000 385,093,000 430,446,000
Adjusted gross income after provision for loan losses 287,665,000 311,356,000 864,161,000 878,114,000
Noninterest expense:        
Employee compensation, incentives, and benefits (three and nine months ended September 30, 2015 include $6.3 million and $2.9 million, respectively, of benefit and three and nine months ended September 30, 2014 include $.9 million and $2.6 million, respectively, of expense associated with pension and post-retirement plans reclassified from accumulated other comprehensive income) 116,219,000 120,742,000 375,633,000 359,630,000
Occupancy 13,282,000 12,405,000 37,264,000 41,941,000
Computer software 11,010,000 10,614,000 33,292,000 32,357,000
Operations services 10,130,000 9,044,000 29,500,000 26,830,000
Equipment rentals, depreciation, and maintenance 7,093,000 7,150,000 22,296,000 22,441,000
Professional fees 5,139,000 6,187,000 14,063,000 16,379,000
Advertising and public relations 4,832,000 4,386,000 13,914,000 14,606,000
FDIC premium expense 4,529,000 3,456,000 12,929,000 8,583,000
Communications and courier 4,054,000 3,628,000 11,731,000 11,800,000
Legal fees 3,626,000 4,276,000 11,686,000 15,274,000
Contract employment and outsourcing 3,414,000 5,199,000 11,335,000 14,842,000
Amortization of intangible assets 1,298,000 982,000 3,894,000 2,945,000
Foreclosed real estate 431,000 788,000 1,629,000 2,011,000
Repurchase and foreclosure provision 0 (4,300,000) 0 (4,300,000)
All other expense (Note 7) 30,379,000 59,459,000 230,885,000 59,883,000
Total noninterest expense 215,436,000 244,016,000 810,051,000 625,222,000
Income/(loss) before income taxes 72,229,000 67,340,000 54,110,000 252,892,000
Provision/(benefit) for income taxes (three and nine months ended September 30, 2015 include $2.4 million and $1.1 million, respectively, of income tax expense and three and nine months ended September 30, 2014 include $.3 million and $1.0 million, respectively, of income tax benefit reclassified from accumulated other comprehensive income) 8,897,000 16,842,000 8,226,000 70,486,000
Net income/(loss) 63,332,000 50,498,000 45,884,000 182,406,000
Net income attributable to noncontrolling interest 2,977,000 2,875,000 8,586,000 8,547,000
Net income/(loss) attributable to controlling interest 60,355,000 47,623,000 37,298,000 173,859,000
Preferred stock dividends 1,550,000 1,550,000 4,650,000 4,650,000
Net income/(loss) available to common shareholders $ 58,805,000 $ 46,073,000 $ 32,648,000 $ 169,209,000
Basic earnings/(loss) per share (Note 9) $ 0.25 $ 0.2 $ 0.14 $ 0.72
Diluted earnings/(loss) per share Note 9) $ 0.25 $ 0.19 $ 0.14 $ 0.71
Weighted average common shares (Note 9) 233,111,000 235,329,000 232,910,000 235,437,000
Diluted average common shares (Note 9) 235,058,000 236,862,000 234,838,000 237,169,000
Cash dividends declared per common share $ 0.06 $ 0.05 $ 0.18 $ 0.15