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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Selected segment information
Information about the Corporation’s segments is presented below.
Segment Income Statement Data
 
 
 
 
 
 
 
($ in Thousands)
Corporate and
Commercial
Specialty
 
Community,
Consumer, and
Business
 
Risk Management
and Shared Services
 
Consolidated
Total
Nine Months Ended September 30, 2016
 
 
 
 
 
 
 
Net interest income
$
242,800

 
$
257,848

 
$
26,590

 
$
527,238

Noninterest income
35,172

 
207,460

 
17,962

 
260,594

Total revenue
277,972

 
465,308

 
44,552

 
787,832

Credit provision*
38,933

 
18,357

 
(2,290
)
 
55,000

Noninterest expense
109,511

 
370,714

 
43,420

 
523,645

Income before income taxes
129,528

 
76,237

 
3,422

 
209,187

Income tax expense (benefit)
42,623

 
26,683

 
(5,560
)
 
63,746

Net income
$
86,905

 
$
49,554

 
$
8,982

 
$
145,441

Return on average allocated capital (ROCET1)**
10.9
%
 
10.5
%
 
1.4
%
 
9.7
%
Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
Net interest income
$
230,130

 
$
261,951

 
$
12,729

 
$
504,810

Noninterest income
36,222

 
199,753

 
10,385

 
246,360

Total revenue
266,352

 
461,704

 
23,114

 
751,170

Credit provision*
30,312

 
19,625

 
(32,437
)
 
17,500

Noninterest expense
106,643

 
366,121

 
49,590

 
522,354

Income before income taxes
129,397

 
75,958

 
5,961

 
211,316

Income tax expense (benefit)
44,384

 
26,585

 
(5,163
)
 
65,806

Net income
$
85,013

 
$
49,373

 
$
11,124

 
$
145,510

Return on average allocated capital (ROCET1)**
11.8
%
 
10.3
%
 
3.9
%
 
10.3
%
Segment Balance Sheet Data
 
 
 
 
 
 
 
($ in Thousands)
Corporate and
Commercial
Specialty
 
Community,
Consumer, and
Business
 
Risk Management
and Shared Services
 
Consolidated
Total
Average Balances for YTD September 2016
 
 
 
 
 
 
 
Average earning assets
$
10,097,995

 
$
9,287,158

 
$
6,508,356

 
$
25,893,509

Average loans
10,088,777

 
9,285,848

 
166,447

 
19,541,072

Average deposits
5,906,695

 
11,320,106

 
3,531,614

 
20,758,415

Average allocated capital (CET1)**
$
1,063,598

 
$
631,484

 
$
225,813

 
$
1,920,895

Average Balances for YTD September 2015
 
 
 
 
 
 
 
Average earning assets
$
9,373,312

 
$
8,719,078

 
$
6,326,369

 
$
24,418,759

Average loans
9,363,936

 
8,719,078

 
71,378

 
18,154,392

Average deposits
5,730,918

 
10,786,342

 
3,145,612

 
19,662,872

Average allocated capital (CET1)**
$
966,746

 
$
640,116

 
$
213,750

 
$
1,820,612

Segment Income Statement Data
 
 
 
 
 
 
 
($ in Thousands)
Corporate and
Commercial
Specialty
 
Community,
Consumer, and
Business
 
Risk Management
and Shared Services
 
Consolidated
Total
Three Months Ended September 30, 2016
 
 
 
 
 
 
 
Net interest income
$
83,567

 
$
87,274

 
$
7,693

 
$
178,534

Noninterest income
12,623

 
78,580

 
4,031

 
95,234

Total revenue
96,190

 
165,854

 
11,724

 
273,768

Credit provision*
11,080

 
5,969

 
3,951

 
21,000

Noninterest expense
37,968

 
127,454

 
9,892

 
175,314

Income (loss) before income taxes
47,142

 
32,431

 
(2,119
)
 
77,454

Income tax expense (benefit)
14,907

 
11,351

 
(2,620
)
 
23,638

Net income
$
32,235

 
$
21,080

 
$
501

 
$
53,816

Return on average allocated capital (ROCET1)**
11.7
%
 
13.2
%
 
(2.9
)%
 
10.5
%
Three Months Ended September 30, 2015
 
 
 
 
 
 
 
Net interest income
$
78,283

 
$
88,209

 
$
4,017

 
$
170,509

Noninterest income
11,305

 
64,879

 
3,881

 
80,065

Total revenue
89,588

 
153,088

 
7,898

 
250,574

Credit provision*
10,851

 
5,963

 
(8,814
)
 
8,000

Noninterest expense
37,293

 
122,361

 
11,931

 
171,585

Income before income taxes
41,444

 
24,764

 
4,781

 
70,989

Income tax expense (benefit)
13,955

 
8,667

 
(1,071
)
 
21,551

Net income
$
27,489

 
$
16,097

 
$
5,852

 
$
49,438

Return on average allocated capital (ROCET1)**
11.0
%
 
10.1
%
 
6.7
 %
 
10.2
%
Segment Balance Sheet Data
 
 
 
 
 
 
 
($ in Thousands)
Corporate and
Commercial
Specialty
 
Community,
Consumer, and
Business
 
Risk Management
and Shared Services
 
Consolidated
Total
Average Balances for 3Q16
 
 
 
 
 
 
 
Average earning assets
$
10,441,454

 
$
9,414,718

 
$
6,577,991

 
$
26,434,163

Average loans
10,435,341

 
9,413,401

 
204,034

 
20,052,776

Average deposits
6,227,305

 
11,526,639

 
3,650,081

 
21,404,025

Average allocated capital (CET1)**
$
1,091,624

 
$
633,392

 
$
227,600

 
$
1,952,616

Average Balances for 3Q15
 
 
 
 
 
 
 
Average earning assets
$
9,475,469

 
$
8,917,831

 
$
6,441,043

 
$
24,834,343

Average loans
9,466,761

 
8,917,831

 
68,157

 
18,452,749

Average deposits
6,044,306

 
10,969,172

 
3,280,121

 
20,293,599

Average allocated capital (CET1)**
$
988,283

 
$
632,878

 
$
216,275

 
$
1,837,436

* The consolidated credit provision is equal to the actual reported provision for credit losses.
** The Federal Reserve establishes capital adequacy requirements for the Corporation. Average allocated capital represents average common equity Tier 1, as defined by the Federal Reserve. For segment reporting purposes, the ROCET1, a non-GAAP financial measure, reflects return on average allocated common equity Tier 1 (“CET1”). The ROCET1 for the Risk Management and Shared Services segment and the Consolidated Total is inclusive of the annualized effect of the preferred stock dividends.