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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income        
Loans and leases $ 164,259 $ 182,201 $ 489,401 $ 579,115
Investment securities:        
Total investment securities interest and dividend income 12,707 9,696 36,902 26,299
Overnight investments 655 737 2,023 1,750
Total interest income 177,621 192,634 528,326 607,164
Interest expense        
Deposits 5,703 7,923 18,534 27,233
Short-term borrowings 2,694 744 4,830 2,128
Long-term obligations 3,002 4,784 12,111 14,210
Total interest expense 11,399 13,451 35,475 43,571
Net interest income 166,222 179,183 492,851 563,593
Provision for loan and lease losses 1,537 (7,683) (7,665) (39,531)
Net interest income after provision for loan and lease losses 164,685 186,866 500,516 603,124
Noninterest income        
Cardholder services 13,248 12,791 38,337 35,887
Merchant services 15,556 14,887 44,112 42,619
Service charges on deposit accounts 15,489 15,546 45,194 45,428
Wealth management services 15,657 15,112 46,352 44,724
Fees and Commissions, Correspondent Clearing 7,303 4,539 17,846 15,209
Other service charges and fees 4,001 4,043 12,195 11,775
Mortgage income 1,164 2,277 3,329 9,734
Insurance commissions 2,422 2,772 7,962 8,146
ATM income 1,199 1,316 3,661 3,798
Adjustments for FDIC receivable for loss share agreements (4,386) (23,298) (32,030) (61,790)
Other 5,737 21,933 16,995 38,896
Total noninterest income 77,390 71,918 203,953 194,426
Noninterest expense        
Salaries and wages 81,825 76,463 243,017 228,384
Employee benefits 19,797 21,889 59,638 70,136
Occupancy expense 20,265 18,844 60,975 56,117
Equipment expense 18,767 18,822 57,121 56,466
FDIC insurance expense 2,915 2,706 8,191 7,795
Foreclosure-related expenses 4,838 4,287 13,787 12,059
Merger-related expenses 1,505 0 7,352 0
Other 51,898 49,132 141,779 144,108
Total noninterest expense 201,810 192,143 591,860 575,065
Income before income taxes 40,265 66,641 112,609 222,485
Income taxes 13,902 25,659 37,330 82,012
Net income $ 26,363 $ 40,982 $ 75,279 $ 140,473
Average shares outstanding (in shares) 9,618,941 9,618,941 9,618,941 9,618,955
Net income per share $ 2.74 $ 4.26 $ 7.83 $ 14.60