XML 19 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2016
Interest income:      
Loans $ 373,584 $ 363,136  
Money market investments 22,285 6,573  
Investment securities 57,209 46,286  
Total interest income 453,078 415,995  
Interest expense:      
Deposits 38,688 33,757  
Short-term borrowings 2,013 1,095  
Long-term debt 19,330 19,045  
Total interest expense 60,031 53,897  
Net interest income 393,047 362,098  
Provision for loan losses 71,063 40,698  
Net interest income after provision for loan losses 321,984 321,400  
Service charges on deposit accounts 36,455 39,536  
Other service fees 60,602 56,175  
Mortgage banking activities 12,068 11,369  
Net (loss) gain, including impairment, on equity securities (646) 162  
Trading account profit (198) (278)  
Adjustments (expense) to indemnity reserves on loans sold (2,926) (1,966)  
FDIC loss share (expense) income (8,027) (8,257)  
Other operating income 16,169 19,128  
Total non-interest income 113,497 115,869  
Operating expenses:      
Personnel costs 125,852 123,740  
Net occupancy expenses 22,802 20,776  
Equipment expenses 17,206 15,970  
Other taxes 10,902 10,969  
Professional Fees 82,985 69,250  
Communications 5,906 5,949  
Business promotion 12,009 11,576  
FDIC deposit insurance 6,920 6,493  
Other real estate owned (O R E O) expenses 6,131 12,818  
Other operating expenses 28,964 31,432  
Amortization of intangibles 2,325 2,345  
Total operating expenses 322,002 311,318  
Income before income tax 113,479 125,951  
Income tax expense 22,155 33,006  
Net Income 91,324 92,945  
Net income applicable to common stock $ 90,393 $ 92,014  
Net Income per Common Share - Basic $ 0.89 $ 0.89  
Net Income per Common Share - Diluted 0.89 0.89  
Dividends Declared per Common Share $ 0.25 $ 0.25 $ 0.15
Non Covered Under Loss Sharing Agreements with FDIC      
Interest expense:      
Provision for loan losses $ 69,333 $ 42,057  
Covered Under Loss Sharing Agreements With FDIC Member      
Interest expense:      
Provision for loan losses $ 1,730 $ (1,359)