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Quarterly Financial Data
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
QUARTERLY FINANCIAL DATA (UNAUDITED) (Note 19)
 
 
Quarters Ended 2014
 
March 31
 
June 30
 
September 30
 
December 31
 
(in thousands, except for share data)
Interest income
$
153,038

 
$
157,164

 
$
155,459

 
$
170,942

Interest expense
39,014

 
39,745

 
40,791

 
42,296

Net interest income
114,024

 
117,419

 
114,668

 
128,646

Provision for credit losses
3,998

 
(5,671
)
 
(423
)
 
3,980

Non-interest income:
 
 
 
 
 
 
 
(Losses) gains on securities transactions, net
(8
)
 
7

 
103

 
643

Trading (losses) gains, net
(9
)
 
(34
)
 
(35
)
 
47

Gains (losses) on sales of loans, net
913

 
679

 
(95
)
 
234

(Losses) gains on sales of assets, net
(148
)
 
276

 
83

 
17,876

Other non-interest income
19,990

 
11,606

 
14,725

 
10,763

Non-interest expense:
 
 
 
 
 
 
 
Loss on extinguishment of debt

 

 

 
10,132

Amortization of tax credit investments
3,716

 
5,802

 
4,630

 
10,048

Other non-interest expense
92,383

 
88,551

 
86,906

 
101,087

Income before income taxes
34,665

 
41,271

 
38,336

 
32,962

Income tax expense
830

 
11,751

 
10,654

 
7,827

Net income
33,835

 
29,520

 
27,682

 
25,135

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.17

 
$
0.15

 
$
0.14

 
$
0.11

Diluted
0.17

 
0.15

 
$
0.14

 
0.11

Cash dividends declared per common share
0.11

 
0.11

 
0.11

 
0.11

Average common shares outstanding:
 
 
 
 
 
 
 
Basic
200,128,384

 
200,472,592

 
200,614,091

 
221,471,635

Diluted
200,128,384

 
200,472,592

 
200,614,091

 
221,471,635

 
 
Quarters Ended 2013
 
March 31
 
June 30
 
September 30
 
December 31
 
(in thousands, except for share data)
Interest income
$
153,033

 
$
152,370

 
$
153,779

 
$
156,915

Interest expense
42,997

 
42,483

 
42,110

 
40,787

Net interest income
110,036

 
109,887

 
111,669

 
116,128

Provision for credit losses
1,769

 
2,552

 
5,334

 
6,440

Non-interest income:
 
 
 
 
 
 
 
Gains on securities transactions, net
3,958

 
41

 
9

 
10,670

Trading (losses) gains, net
(2,202
)
 
(270
)
 
2,231

 
1,150

Gains on sales of loans, net
15,060

 
14,366

 
2,729

 
1,540

(Losses) gain on sale of assets
(268
)
 
678

 
(1,010
)
 
11,547

Other non-interest income
14,748

 
18,079

 
18,431

 
17,166

Non-interest expense:
 
 
 
 
 
 
 
Amortization of tax credit investments
1,783

 
2,628

 
2,027

 
7,914

Other non-interest expense
93,656

 
92,718

 
92,434

 
88,178

Income before income taxes
44,124

 
44,883

 
34,264

 
55,669

Income tax expense
12,814

 
10,961

 
7,143

 
16,061

Net income
31,310

 
33,922

 
27,121

 
39,608

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.16

 
$
0.17

 
$
0.14

 
$
0.20

Diluted
0.16

 
0.17

 
0.14

 
0.20

Cash dividends declared per common share
0.16

 
0.16

 
0.16

 
0.11

Average common shares outstanding:
 
 
 
 
 
 
 
Basic
198,924,995

 
199,244,243

 
199,445,874

 
199,613,524

Diluted
198,924,995

 
199,244,243

 
199,445,874

 
199,613,524