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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income        
Loans and leases $ 226,812 $ 240,493 $ 696,813 $ 705,677
Investment securities:        
U. S. Treasury 559 1,707 1,968 7,176
Government agency 3,692 5,162 12,401 15,072
Residential mortgage-backed securities 4,792 2,366 8,883 7,123
Corporate bonds 278 1,971 2,319 6,266
State, county and municipal 6 108 30 133
Other 108 21 301 480
Total investment securities interest and dividend income 9,435 11,335 25,902 36,250
Overnight investments 427 351 1,230 1,056
Total interest income 236,674 252,179 723,945 742,983
Interest expense        
Deposits 13,850 24,825 45,369 81,726
Short-term borrowings 1,114 1,470 4,089 4,649
Long-term obligations 6,354 8,697 22,747 28,059
Total interest expense 21,318 34,992 72,205 114,434
Net interest income 215,356 217,187 651,740 628,549
Provision for loan and lease losses 17,623 44,628 78,005 143,024
Net interest income after provision for loan and lease losses 197,733 172,559 573,735 485,525
Noninterest income        
Gain on acquisitions 0 86,943 0 150,417
Cardholder and merchant services 24,725 30,801 71,872 88,124
Service charges on deposit accounts 15,549 16,389 45,456 47,957
Wealth management services 14,129 14,011 42,414 41,418
Fees from processing services 9,521 7,883 25,640 22,724
Securities gains (losses) 31 254 (11) (291)
Other service charges and fees 3,377 6,256 10,392 18,173
Mortgage income 2,335 3,994 7,183 8,839
Insurance commissions 2,568 2,196 7,562 7,010
ATM income 1,263 1,453 3,999 4,413
Adjustments for FDIC receivable for loss share agreements (16,858) (18,893) (57,788) (43,019)
Other (4,798) 11,612 (638) 13,363
Total noninterest income 51,842 162,899 156,081 359,128
Noninterest expense        
Salaries and wages 76,675 77,877 229,145 229,805
Employee benefits 18,741 17,153 59,548 55,510
Occupancy expense 18,860 18,538 55,467 55,338
Equipment expense 17,983 17,478 54,147 52,384
FDIC insurance expense 2,016 2,768 7,739 13,494
Foreclosure-related expenses 8,667 14,558 29,053 23,793
Other 47,135 55,460 133,106 151,018
Total noninterest expense 190,077 203,832 568,205 581,342
Income before income taxes 59,498 131,626 161,611 263,311
Income taxes 19,974 50,205 49,009 98,830
Net income $ 39,524 $ 81,421 $ 112,602 $ 164,481
Average shares outstanding (in shares) 10,264,159 10,363,964 10,273,082 10,406,833
Net income per share (in dollars per share) $ 3.85 $ 7.86 $ 10.96 $ 15.81