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Interim Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Loans $ 214,227 $ 174,993 $ 617,456 $ 507,746
Investment securities:        
Taxable 83,468 87,609 261,121 253,496
Non-taxable 522 707 1,693 2,220
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 2,196 1,482 5,793 4,071
Total interest income 300,413 264,791 886,063 767,533
Interest expense:        
Deposits 1,535 1,158 3,984 4,283
Borrowings 9,717 8,973 28,161 25,894
Total interest expense 11,252 10,131 32,145 30,177
Net interest income 289,161 254,660 853,918 737,356
Provision for loan losses 18,950 33,403 88,624 66,368
Net interest income after provision for loan losses 270,211 221,257 765,294 670,988
Noninterest income:        
Gains on investment securities, net 23,178 18,768 41,764 77,006
Gains on derivative instruments, net 19,744 10,244 26,847 66,290
Foreign exchange fees 25,944 22,995 76,998 63,037
Credit card fees 18,295 14,536 49,226 40,841
Deposit service charges 13,356 12,272 39,142 34,309
Client investment fees 7,952 5,683 23,959 15,429
Lending related fees 8,168 7,561 23,783 23,746
Letters of credit and standby letters of credit fees 6,811 5,341 18,414 15,315
Other 20,692 11,077 42,917 22,315
Total noninterest income 144,140 108,477 343,050 358,288
Noninterest expense:        
Compensation and benefits 136,568 109,345 374,410 350,030
Professional services 23,443 21,137 67,959 58,834
Premises and equipment 16,291 12,356 47,861 36,800
Business development and travel 8,504 8,028 30,077 28,904
Net occupancy 9,525 8,548 28,919 24,010
FDIC and state assessments 7,805 6,954 21,624 18,705
Correspondent bank fees 3,104 3,070 9,469 9,775
Provision for unfunded credit commitments 1,054 1,047 1,601 249
Other 15,533 14,270 44,292 42,101
Total noninterest expense 221,827 184,755 626,212 569,408
Income before income tax expense 192,524 144,979 482,132 459,868
Income tax expense 76,877 57,017 195,508 175,057
Net income before noncontrolling interests 115,647 87,962 286,624 284,811
Net income attributable to noncontrolling interests (4,566) (6,229) (3,405) (28,419)
Net income available to common stockholders $ 111,081 $ 81,733 $ 283,219 $ 256,392
Earnings per common share—basic (dollars per share) $ 2.13 $ 1.59 $ 5.46 $ 5.00
Earnings per common share—diluted (dollars per share) $ 2.12 $ 1.57 $ 5.42 $ 4.94