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Consolidated Condensed Statements Of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Interest and fees on loans $ 163,054,000 $ 153,283,000 $ 321,477,000 $ 297,180,000
Interest on investment securities available-for-sale 23,953,000 23,288,000 48,427,000 46,122,000
Interest on investment securities held-to-maturity 198,000 66,000 395,000 132,000
Interest on loans held-for-sale 1,198,000 1,350,000 2,459,000 2,841,000
Interest on trading securities 8,020,000 8,951,000 15,771,000 18,052,000
Interest on other earning assets 953,000 92,000 2,511,000 771,000
Total interest income 197,376,000 187,030,000 391,040,000 365,098,000
Interest on deposits:        
Savings 4,146,000 2,970,000 8,336,000 6,277,000
Time deposits 1,148,000 1,324,000 2,260,000 2,756,000
Other interest-bearing deposits 2,526,000 1,104,000 4,830,000 2,061,000
Certificates of deposit $100,000 and more 1,326,000 830,000 2,537,000 1,712,000
Interest on trading liabilities 3,782,000 3,770,000 7,821,000 7,684,000
Interest on short-term borrowings 1,203,000 726,000 2,331,000 1,772,000
Interest on term borrowings 6,981,000 9,666,000 14,587,000 19,330,000
Total interest expense 21,112,000 20,390,000 42,702,000 41,592,000
Net interest income 176,264,000 166,640,000 348,338,000 323,506,000
Provision for loan losses 4,000,000 2,000,000 7,000,000 7,000,000
Net interest income after provision for loan losses 172,264,000 164,640,000 341,338,000 316,506,000
Noninterest income:        
Fixed income 77,913,000 56,241,000 144,890,000 117,860,000
Deposit transactions and cash management 26,991,000 28,430,000 53,828,000 54,981,000
Brokerage, management fees and commissions 10,665,000 12,456,000 21,080,000 23,855,000
Trust services and investment management 7,224,000 7,416,000 13,789,000 14,114,000
Bankcard income 6,558,000 5,884,000 11,817,000 11,070,000
Bank-owned life insurance 3,743,000 3,391,000 7,132,000 6,853,000
Other service charges 2,996,000 3,043,000 5,709,000 5,891,000
Insurance commissions 552,000 654,000 1,039,000 1,250,000
Equity securities gains/(losses), net (Note 3) 99,000 8,000 19,000 284,000
Debt secutities gains/(losses), net (Note 3) 0 0 1,654,000 0
All other income and commissions (Note 7) 8,773,000 12,778,000 18,862,000 23,832,000
Total noninterest income 145,514,000 130,301,000 279,819,000 259,990,000
Adjusted gross income after provision for loan losses 317,778,000 294,941,000 621,157,000 576,496,000
Noninterest expense:        
Employee compensation, incentives, and benefits 143,370,000 127,970,000 280,521,000 259,414,000
Occupancy 12,736,000 11,764,000 25,340,000 23,982,000
Computer software 11,226,000 11,340,000 22,813,000 22,282,000
Operations services 10,521,000 10,033,000 20,421,000 19,370,000
Equipment rentals, depreciation, and maintenance 7,182,000 7,983,000 13,341,000 15,203,000
Legal fees 5,891,000 4,509,000 10,770,000 8,060,000
FDIC premium expense 4,848,000 4,952,000 9,769,000 8,400,000
Advertising and public relations 4,481,000 4,349,000 9,454,000 9,082,000
Professional fees 4,284,000 5,218,000 9,483,000 8,924,000
Communications and courier 3,039,000 3,801,000 6,789,000 7,677,000
Other insurance and taxes 3,014,000 3,455,000 6,327,000 6,784,000
Contract employment and outsourcing 2,497,000 3,337,000 4,922,000 7,921,000
Amortization of intangible assets 1,299,000 1,298,000 2,599,000 [1] 2,596,000 [1]
Foreclosed real estate (432,000) 1,329,000 (690,000) 1,198,000
Repurchase and foreclosure provision (31,400,000) 0 (31,400,000) 0
All other expense (Note 7) 44,266,000 17,056,000 63,290,000 193,722,000
Total noninterest expense 226,822,000 218,394,000 453,749,000 594,615,000
Income/(loss) before income taxes 90,956,000 76,547,000 167,408,000 (18,119,000)
Provision/(benefit) for income taxes 30,016,000 21,590,000 54,255,000 (671,000)
Net income/(loss) 60,940,000 54,957,000 113,153,000 (17,448,000)
Net income attributable to noncontrolling interest 2,852,000 2,851,000 5,703,000 5,609,000
Net income/(loss) attributable to controlling interest 58,088,000 52,106,000 107,450,000 (23,057,000)
Preferred stock dividends 1,550,000 1,550,000 3,100,000 3,100,000
Net income/(loss) available to common shareholders $ 56,538,000 $ 50,556,000 $ 104,350,000 $ (26,157,000)
Basic earnings/(loss) per share (Note 9) $ 0.24 $ 0.22 $ 0.45 $ (0.11)
Diluted earnings/(loss) per share (Note 9) $ 0.24 $ 0.22 $ 0.44 $ (0.11)
Weighted average common shares (Note 9) 231,573 232,800 233,112 232,808
Diluted average common shares (Note 9) 233,576 234,669 235,121 232,808
Cash dividends declared per common share $ 0.07 $ 0.06 $ 0.14 $ 0.12
[1] Represents customer lists, acquired contracts, core deposit intangibles, and covenants not to compete.