Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2017

Segment Results

The following tables provide a summary of the Company’s segment results for the periods indicated on an internally managed accounting basis:

	For the Three Months Ended September 30, 2017
(in thousands)	Banking Operations			Residential Mortgage Banking			Total Company
Net interest income	$	273,265		$	3,078		$	276,343
Provision for loan losses		44,585			—			44,585
Non-Interest Income:
Third party(1)		99,596			1,973			101,569
Gain on sale of mortgage banking operations		—			7,359			7,359
Inter-segment		(2,411	)		2,411			—
Total non-interest income		97,185			11,743			108,928
Non-interest expense(2)		146,869			15,365			162,234
Income (loss) before income tax expense		178,996			(544	)		178,452
Income tax expense (benefit)		68,200			(216	)		67,984
Net income (loss)	$	110,796		$	(328	)	$	110,468
Identifiable segment assets (period-end)	$	48,457,891		$	—		$	48,457,891

(1) Includes ancillary fee income.

(2) Includes both direct and indirect expenses.

	For the Three Months Ended September 30, 2016
(in thousands)	Banking Operations			Residential Mortgage Banking		Total Company
Net interest income	$	314,081		$	4,342	$	318,423
Recovery of loan losses		(55	)		—		(55	)
Non-Interest Income:
Third party (1)		27,131			13,464		40,595
Inter-segment		(4,863	)		4,863		—
Total non-interest income		22,268			18,327		40,595
Non-interest expense (2)		144,504			17,181		161,685
Income before income tax expense		191,900			5,488		197,388
Income tax expense		69,905			2,184		72,089
Net income	$	121,995		$	3,304	$	125,299
Identifiable segment assets (period-end)	$	48,478,288		$	984,332	$	49,462,620

(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 periods indicated on an internally managed accounting basis:

	For the Nine Months Ended September 30, 2017
(in thousands)	Banking Operations			Residential Mortgage Banking		Total Company
Net interest income	$	850,486		$	8,543	$	859,029
Provision for loan losses		34,316			—		34,316
Non-Interest Income:
Third party(1)		163,221			20,957		184,178
Gain on sale of mortgage banking operations		—			7,359		7,359
Inter-segment		(10,222	)		10,222		—
Total non-interest income		152,999			38,538		191,537
Non-interest expense(2)		445,910			47,032		492,942
Income before income tax expense		523,259			49		523,308
Income tax expense		193,608			20		193,628
Net income	$	329,651		$	29	$	329,680
Identifiable segment assets (period-end)	$	48,457,891		$	—	$	48,457,891

(1) Includes ancillary fee income.

(2) Includes both direct and indirect expenses.

	For the Nine Months Ended September 30, 2016
(in thousands)	Banking Operations			Residential Mortgage Banking			Total Company
Net interest income	$	960,661		$	11,201		$	971,862
Provision for loan losses		664			—			664
Non-Interest Income:
Third party (1)		87,616			25,582			113,198
Inter-segment		(13,292	)		13,292			—
Total non-interest income		74,324			38,874			113,198
Non-interest expense (2)		430,706			50,338			481,044
Income (loss) before income tax expense		603,615			(263	)		603,352
Income tax expense (benefit)		221,817			(133	)		221,684
Net income (loss)	$	381,798		$	(130	)	$	381,668
Identifiable segment assets (period-end)	$	48,478,288		$	984,332		$	49,462,620

(1) Includes ancillary fee income.

(2) Includes both direct and indirect expenses.