Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2012

The following tables provide a summary of the Company’s segment results for the three and nine months ended September 30, 2012, on an internally managed accounting basis:


	For the Three Months Ended September 30, 2012
(in thousands)	Banking Operations			Residential Mortgage Banking			Total Company
Non-interest income – third party⁽¹⁾		$	28,451		$	53,206		$	81,657
Non-interest income – inter-segment			(3,558)			3,558			--

Total non-interest income			24,893			56,764			81,657

Net interest income			276,255			8,695			284,950

Total net revenues			301,148			65,459			366,607
Provision for loan losses			12,820			--			12,820
Non-interest expense⁽²⁾			133,855			19,466			153,321

Income before income tax expense			154,473			45,993			200,466
Income tax expense			54,145			17,523			71,668

Net income		$	100,328		$	28,470		$	128,798

Identifiable segment assets (period-end)		$	42,600,483		$	1,493,312		$	44,093,795


	For the Nine Months Ended September 30, 2012
(in thousands)	Banking Operations			Residential Mortgage Banking			Total Company
Non-interest income – third party⁽¹⁾		$	93,839		$	148,019		$	241,858
Non-interest income – inter-segment			(10,782)			10,782			--

Total non-interest income			83,057			158,801			241,858

Net interest income			846,709			23,311			870,020

Total net revenues			929,766			182,112			1,111,878
Provision for loan losses			61,268			--			61,268
Non-interest expense⁽²⁾			400,952			57,975			458,927

Income before income tax expense			467,546			124,137			591,683
Income tax expense			166,124			47,296			213,420

Net income		$	301,422		$	76,841		$	378,263

Identifiable segment assets (period-end)		$	42,600,483		$	1,493,312		$	44,093,795

(1)	Includes ancillary fee income.

(2)	Includes both direct and indirect expenses.

The following tables provide a summary of the Company’s segment results for the three and nine months ended September 30, 2011, on an internally managed accounting basis:


	For the Three Months Ended September 30, 2011
(in thousands)	Banking Operations			Residential Mortgage Banking			Total Company
Non-interest revenue – third party⁽¹⁾		$	32,801		$	25,268		$	58,069
Non-interest revenue – inter-segment			(5,131)			5,131			--

Total non-interest revenue			27,670			30,399			58,069

Net interest income			290,463			4,504			294,967

Total net revenue			318,133			34,903			353,036
Provision for loan losses			18,000			--			18,000
Non-interest expense⁽²⁾			134,478			18,138			152,616

Income before income tax expense			165,655			16,765			182,420
Income tax expense			57,394			5,276			62,670

Net income		$	108,261		$	11,489		$	119,750

Identifiable segment assets (period-end)		$	40,740,946		$	1,228,082		$	41,969,028


	For the Nine Months Ended September 30, 2011
(in thousands)	Banking Operations			Residential Mortgage Banking			Total Company
Non-interest revenue – third party⁽¹⁾		$	117,186		$	58,381		$	175,567
Non-interest revenue – inter-segment			(14,677)			14,677			--

Total non-interest revenue			102,509			73,058			175,567

Net interest income			887,004			13,159			900,163

Total net revenue			989,513			86,217			1,075,730
Provision for loan losses			67,708			--			67,708
Non-interest expense⁽²⁾			400,376			53,986			454,362

Income before income tax expense			521,429			32,231			553,660
Income tax expense			179,672			11,603			191,275

Net income		$	341,757		$	20,628		$	362,385

Identifiable segment assets (period-end)		$	40,740,946		$	1,228,082		$	41,969,028

(1)	Includes ancillary fee income.

(2)	Includes both direct and indirect expenses.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details