Quarterly Financial Data

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

QUARTERLY FINANCIAL DATA (UNAUDITED) (Note 20)

	Quarters Ended 2016
	March 31		June 30		September 30		December 31
	(in thousands, except for share data)
Interest income	$	185,597	$	189,028	$	191,203	$	201,095
Interest expense	37,444		37,573		37,057		36,700
Net interest income	148,153		151,455		154,146		164,395
Provision for credit losses	800		1,429		5,840		3,800
Non-interest income:
Gains on sales of loans, net	1,795		3,105		4,823		12,307
Other non-interest income	19,653		21,159		20,030		20,353
Non-interest expense:
Loss on extinguishment of debt	—		315		—		—
Amortization of tax credit investments	7,264		7,646		6,450		13,384
Other non-interest expense	110,961		111,842		106,818		111,445
Income before income taxes	50,576		54,487		59,891		68,426
Income tax expense	14,389		15,460		17,049		18,336
Net income	36,187		39,027		42,842		50,090
Dividend on preferred stock	1,797		1,797		1,797		1,797
Net income available to common shareholders	34,390		37,230		41,045		48,293
Earnings per common share:
Basic	$	0.14	$	0.15	$	0.16	$	0.19
Diluted	0.14		0.15		$	0.16	0.19
Cash dividends declared per common share	0.11		0.11		0.11		0.11
Weighted average number of common shares outstanding:
Basic	254,075,349		254,381,170		254,473,994		256,422,437
Diluted	254,347,420		254,771,213		254,940,307		256,952,036

	Quarters Ended 2015
	March 31		June 30		September 30		December 31
	(in thousands, except for share data)
Interest income	$	170,985	$	175,754	$	174,690	$	185,594
Interest expense	38,899		39,577		40,730		37,548
Net interest income	132,086		136,177		133,960		148,046
Provision for credit losses	—		4,500		94		3,507
Non-interest income:
Gains on sales of loans, net	598		422		2,014		1,211
Other non-interest income	18,047		19,778		18,905		22,827
Non-interest expense:
Loss on extinguishment of debt	—		—		—		51,129
Amortization of tax credit investments	4,496		4,511		5,224		13,081
Other non-interest expense	103,622		102,901		103,428		110,683
Income before income taxes	42,613		44,465		46,133		(6,316		)
Income tax expense	12,272		12,474		10,179		(10,987		)
Net income	30,341		31,991		35,954		4,671
Dividend on preferred stock	—		—		2,017		1,796
Net income available to common shareholders	30,341		31,991		33,937		2,875
Earnings per common share:
Basic	$	0.13	$	0.14	$	0.15	$	0.01
Diluted	0.13		0.14		0.15		0.01
Cash dividends declared per common share	0.11		0.11		0.11		0.11
Weighted average number of common shares outstanding:
Basic	232,338,775		232,565,404		232,737,953		239,916,562
Diluted	232,341,921		232,586,616		232,780,219		239,972,546