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Interim Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Loans $ 205,287 $ 167,252 $ 403,229 $ 332,753
Investment securities:        
Taxable 86,603 84,613 177,653 165,887
Non-taxable 575 741 1,171 1,513
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 1,527 1,320 3,597 2,589
Total interest income 293,992 253,926 585,650 502,742
Interest expense:        
Deposits 1,261 1,182 2,449 3,125
Borrowings 9,395 8,973 18,444 16,921
Total interest expense 10,656 10,155 20,893 20,046
Net interest income 283,336 243,771 564,757 482,696
Provision for loan losses 36,333 26,513 69,674 32,965
Net interest income after provision for loan losses 247,003 217,258 495,083 449,731
Noninterest income:        
Gains on investment securities, net 23,270 24,975 18,586 58,238
Gains on derivative instruments, net 8,798 16,317 7,103 56,046
Foreign exchange fees 24,088 22,364 51,054 40,042
Credit card fees 15,424 14,215 30,931 26,305
Deposit service charges 13,114 11,301 25,786 22,037
Client investment fees 8,012 5,264 16,007 9,746
Lending related fees 7,802 8,163 15,615 16,185
Letters of credit and standby letters of credit fees 6,014 4,772 11,603 9,974
Other 6,254 18,916 22,225 11,238
Total noninterest income 112,776 126,287 198,910 249,811
Noninterest expense:        
Compensation and benefits 115,580 124,915 237,842 240,685
Professional services 25,516 18,950 44,516 37,697
Premises and equipment 16,586 11,787 31,570 24,444
Business development and travel 9,327 9,764 21,573 20,876
Net occupancy 9,359 8,149 19,394 15,462
FDIC and state assessments 6,892 5,962 13,819 11,751
Correspondent bank fees 2,713 3,337 6,365 6,705
Provision for (reduction of) unfunded credit commitments 413 (3,061) 547 (798)
Other 13,966 14,309 28,759 27,831
Total noninterest expense 200,352 194,112 404,385 384,653
Income before income tax expense 159,427 149,433 289,608 314,889
Income tax expense 65,047 54,974 118,631 118,040
Net income before noncontrolling interests 94,380 94,459 170,977 196,849
Net (income) loss attributable to noncontrolling interests (1,416) (8,316) 1,161 (22,190)
Net income available to common stockholders $ 92,964 $ 86,143 $ 172,138 $ 174,659
Earnings per common share—basic (dollars per share) $ 1.79 $ 1.68 $ 3.33 $ 3.42
Earnings per common share—diluted (dollars per share) $ 1.78 $ 1.66 $ 3.30 $ 3.37