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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans $ 430,637 $ 371,979 $ 1,190,498 $ 1,102,784
Money market investments 27,581 15,529 86,258 33,233
Investment securities 70,147 48,375 185,537 144,594
Total interest income 528,365 435,883 1,462,293 1,280,611
Interest expense:        
Deposits 55,134 37,058 139,050 104,907
Short-term borrowings 1,622 1,524 5,387 3,734
Long-term debt 20,140 19,130 59,204 57,222
Total interest expense 76,896 57,712 203,641 165,863
Net interest income 451,469 378,171 1,258,652 1,114,748
Provision for loan losses     185,504 253,936
Net interest income after provision for loan losses 397,082 217,412 1,073,148 860,812
Service charges on deposit accounts 38,147 39,273 111,704 119,882
Other service fees 64,316 53,481 187,794 168,824
Mortgage banking activities 11,269 5,239 33,408 27,349
Net gain on sale of debt securities 0 83 0 83
Other-than-temporary impairment losses on debt securities 0 0 0 (8,299)
Net gain (loss), including impairment on equity securities 370 20 (42) 201
Net (loss) profit on trading account debt securities (122) 253 (299) (680)
Net loss on sale of loans, including valuation adjustments on loans held-for-sale 0 (420) 0 (420)
Adjustments (expense) to indemnity reserves on loans sold (3,029) (6,406) (6,482) (11,302)
FDIC loss-share (expense) income 0 (3,948) 94,725 (12,680)
Other operating income 40,070 12,799 78,519 50,078
Total non-interest income 151,021 100,374 499,327 333,036
Operating expenses:        
Personnel costs 139,757 117,769 389,941 358,457
Net occupancy expenses 18,602 22,254 63,829 65,295
Equipment expenses 18,303 16,457 53,284 48,677
Other taxes 11,923 10,858 33,701 32,567
Professional Fees 83,860 70,772 260,748 212,956
Communications 6,054 5,394 17,342 17,242
Business promotion 15,478 15,216 44,265 40,158
FDIC deposit insurance 8,610 6,271 22,534 18,936
Other real estate owned (O R E O) expenses 7,950 11,724 21,028 41,212
Other operating expenses 52,576 38,028 111,462 92,707
Amortization of intangibles 2,324 2,345 6,973 7,034
Total operating expenses 365,437 317,088 1,025,107 935,241
Income before income tax 182,666 698 547,368 258,607
Income tax expense (benefit) 42,018 (19,966) 35,613 48,772
Net Income 140,648 20,664 511,755 209,835
Net Income Applicable to Common Stock $ 139,718 $ 19,734 $ 508,963 $ 207,043
Net Income per Common Share - Basic $ 1.38 $ 0.19 $ 5.01 $ 2.03
Net Income per Common Share - Diluted $ 1.38 $ 0.19 $ 5 $ 2.03
Non Covered Under Loss Sharing Agreements with FDIC        
Interest expense:        
Provision for loan losses $ 54,387 $ 157,659 $ 183,774 $ 249,681
Covered Under Loss Sharing Agreements With FDIC Member        
Interest expense:        
Provision for loan losses $ 0 $ 3,100 $ 1,730 $ 4,255