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Interim Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Loans (1) $ 197,942 $ 165,501 [1]
Investment securities:    
Taxable 91,050 81,274
Non-taxable 596 772
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities (1) 2,070 1,269 [1]
Total interest income 291,658 248,816
Interest expense:    
Deposits 1,188 1,943
Borrowings (1) 9,049 7,948 [1]
Total interest expense 10,237 9,891
Net interest income 281,421 238,925
Provision for loan losses 33,341 6,452
Net interest income after provision for loan losses 248,080 232,473
Noninterest income:    
(Losses) gains on investment securities, net (1) (4,684) 33,263 [1]
(Losses) gains on derivative instruments, net (1,695) 39,729
Foreign exchange fees 26,966 17,678
Credit card fees 15,507 12,090
Deposit service charges 12,672 10,736
Client investment fees 7,995 4,482
Lending related fees 7,813 8,022
Letters of credit and standby letters of credit fees 5,589 5,202
Other (1) 15,971 (7,678) [1]
Total noninterest income 86,134 123,524
Noninterest expense:    
Compensation and benefits 122,262 115,770
Professional services (1) 19,000 18,747 [1]
Premises and equipment 14,984 12,657
Business development and travel 12,246 11,112
Net occupancy 10,035 7,313
FDIC and state assessments 6,927 5,789
Correspondent bank fees (1) 3,652 3,368 [1]
Provision for unfunded credit commitments 134 2,263
Other 14,793 13,522 [1]
Total noninterest expense 204,033 190,541
Income before income tax expense 130,181 165,456
Income tax expense 53,584 63,066
Net income before noncontrolling interests 76,597 102,390 [2],[3],[4]
Net loss (income) attributable to noncontrolling interests (1) 2,577 (13,874) [1],[2]
Net income available to common stockholders $ 79,174 $ 88,516
Earnings per common share—basic (dollars per share) $ 1.53 $ 1.74
Earnings per common share—diluted (dollars per share) $ 1.52 $ 1.71
[1] Amounts for the three months ended March 31, 2015, have been revised to reflect the retrospective application of new accounting guidance adopted in the second quarter of 2015 related to our consolidated variable interest entities (ASU 2015-02).
[2] Amounts for the three months ended March 31, 2015, have been revised to reflect the retrospective application of new accounting guidance adopted in the second quarter of 2015 related to our consolidated variable interest entities (ASU 2015-02).
[3] Amounts for the three months ended March 31, 2015, have been revised to reflect the retrospective application of new accounting guidance adopted in the second quarter of 2015 related to our consolidated variable interest entities (ASU 2015-02).
[4] Amounts for the three months ended March 31, 2015, have been revised to reflect the retrospective application of new accounting guidance adopted in the second quarter of 2015 related to our consolidated variable interest entities (ASU 2015-02).