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Interim Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Loans $ 330,298 $ 250,197 $ 627,371 $ 477,538
Investment securities:        
Taxable 137,150 95,522 261,627 185,325
Non-taxable 7,666 885 12,758 1,531
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 6,187 7,323 11,943 10,459
Total interest income 481,301 353,927 913,699 674,853
Interest expense:        
Deposits 6,270 2,197 10,367 3,914
Borrowings 8,588 9,034 17,026 18,250
Total interest expense 14,858 11,231 27,393 22,164
Net interest income 466,443 342,696 886,306 652,689
Provision for credit losses 29,080 15,806 57,052 46,540
Net interest income after provision for credit losses 437,363 326,890 829,254 606,149
Noninterest income:        
Gains on investment securities, net 36,114 17,630 45,172 33,600
Gains on equity warrant assets, net 19,061 10,820 38,252 17,510
Foreign exchange fees 34,077 26,108 67,904 52,355
Credit card fees 22,926 18,099 44,618 35,829
Deposit service charges 18,794 14,563 36,493 28,538
Client investment fees 29,452 12,982 52,327 22,008
Lending related fees 9,528 8,509 20,263 17,470
Letters of credit and standby letters of credit fees 8,347 7,006 16,529 13,645
Other 14,390 12,811 26,649 25,232
Total noninterest income 192,689 128,528 348,207 246,187
Noninterest expense:        
Compensation and benefits 181,955 148,973 347,761 296,149
Professional services 46,813 27,925 75,538 53,344
Premises and equipment 19,173 18,958 37,718 34,816
Net occupancy 13,288 11,126 26,904 22,777
Business development and travel 12,095 11,389 23,286 20,584
FDIC and state assessments 10,326 9,313 19,756 17,995
Correspondent bank fees 3,277 3,163 6,687 6,608
Other 18,812 20,399 33,506 36,606
Total noninterest expense 305,739 251,246 571,156 488,879
Income before income tax expense 324,313 204,172 606,305 363,457
Income tax expense 77,287 71,656 151,253 123,061
Net income before noncontrolling interests 247,026 132,516 455,052 240,396
Net income attributable to noncontrolling interests (9,228) (9,323) (22,293) (15,720)
Net income available to common stockholders $ 237,798 $ 123,193 $ 432,759 $ 224,676
Earnings per common share—basic (dollars per share) $ 4.48 $ 2.34 $ 8.17 $ 4.28
Earnings per common share—diluted (dollars per share) $ 4.42 $ 2.32 $ 8.05 $ 4.22