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Interim Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans $ 352,353 $ 268,445 $ 979,724 $ 745,983
Investment securities:        
Taxable 142,075 109,443 403,702 294,768
Non-taxable 10,748 1,172 23,506 2,703
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 8,137 6,211 20,080 16,670
Total interest income 513,313 385,271 1,427,012 1,060,124
Interest expense:        
Deposits 8,042 2,304 18,409 6,218
Borrowings 12,049 8,993 29,075 27,243
Total interest expense 20,091 11,297 47,484 33,461
Net interest income 493,222 373,974 1,379,528 1,026,663
Provision for credit losses 17,174 23,522 74,226 70,062
Net interest income after provision for credit losses 476,048 350,452 1,305,302 956,601
Noninterest income:        
Gains on investment securities, net 32,193 15,238 77,365 48,838
Gains on equity warrant assets, net 34,141 24,922 72,393 42,432
Foreign exchange fees 32,656 29,671 100,560 82,026
Fees and Commissions, Credit and Debit Cards1 24,121 20,270 68,739 56,099
Credit card fees 24,121 20,270 68,739 56,099
Deposit service charges 19,588 14,508 56,081 43,046
Client investment fees 36,265 15,563 88,592 37,571
Lending related fees 10,675 15,404 30,938 32,874
Letters of credit and standby letters of credit fees 8,409 7,306 24,938 20,951
Other 12,022 15,896 38,671 41,128
Total noninterest income 210,070 158,778 558,277 404,965
Noninterest expense:        
Compensation and benefits 195,437 153,263 543,198 449,412
Professional services 36,542 32,987 112,080 86,331
Premises and equipment 19,858 18,937 57,576 53,753
Net occupancy 13,694 12,660 40,598 35,437
Business development and travel 12,712 10,329 35,998 30,913
FDIC and state assessments 9,550 8,359 29,306 26,354
Correspondent bank fees 3,513 3,162 10,200 9,770
Other 18,139 18,064 51,645 54,670
Total noninterest expense 309,445 257,761 880,601 746,640
Income before income tax expense 376,673 251,469 982,978 614,926
Income tax expense 95,308 97,351 246,561 220,412
Net income before noncontrolling interests 281,365 154,118 736,417 394,514
Net income attributable to noncontrolling interests (6,548) (5,498) (28,841) (21,218)
Net income available to common stockholders $ 274,817 $ 148,620 $ 707,576 $ 373,296
Earnings per common share—basic (dollars per share) $ 5.16 $ 2.82 $ 13.33 $ 7.11
Earnings per common share—diluted (dollars per share) $ 5.10 $ 2.79 $ 13.15 $ 7.01