Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2014

The following table provides a summary of the Company’s segment results for the three months ended September 30, 2014, on an internally managed accounting basis:

	For the Three Months Ended September 30, 2014
	Banking			Residential		Total
(in thousands)	Operations			Mortgage Banking		Company
Net interest income	$	285,185		$	3,844	$	289,029
Recovery of loan losses		(3,945	)		--		(3,945	)
Non-interest income:
Third party ⁽¹⁾		23,989			17,297		41,286
Inter-segment		(3,033	)		3,033		--
Total non-interest income		20,956			20,330		41,286
Non-interest expense ⁽²⁾		130,344			14,851		145,195
Income before income tax expense		179,742			9,323		189,065
Income tax expense		65,329			3,478		68,807
Net income	$	114,413		$	5,845	$	120,258
Identifiable segment assets (period-end)	$	48,016,992		$	662,780	$	48,679,772

(1)	Includes ancillary fee income.

(2)	Includes both direct and indirect expenses.

The following table provides a summary of the Company’s segment results for the nine months ended September 30, 2014, on an internally managed accounting basis:

	For the Nine Months Ended September 30, 2014
	Banking			Residential		Total
(in thousands)	Operations			Mortgage Banking		Company
Net interest income	$	846,440		$	10,231	$	856,671
Recovery of loan losses		(18,387	)		--		(18,387	)
Non-interest income:
Third party ⁽¹⁾		82,451			48,663		131,114
Inter-segment		(10,583	)		10,583		--
Total non-interest income		71,868			59,246		131,114
Non-interest expense ⁽²⁾		395,098			44,258		439,356
Income before income tax expense		541,597			25,219		566,816
Income tax expense		203,217			9,399		212,616
Net income	$	338,380		$	15,820	$	354,200
Identifiable segment assets (period-end)	$	48,016,992		$	662,780	$	48,679,772

(1)	Includes ancillary fee income.

(2)	Includes both direct and indirect expenses.

The following table provides a summary of the Company’s segment results for the three months ended September 30, 2013, on an internally managed accounting basis:

	For the Three Months Ended September 30, 2013
	Banking			Residential		Total
(in thousands)	Operations			Mortgage Banking		Company
Net interest income	$	289,198		$	5,033	$	294,231
Provision for loan losses		14,467			--		14,467
Non-interest income:
Third party ⁽¹⁾		33,699			17,025		50,724
Inter-segment		(4,578	)		4,578		--
Total non-interest income		29,121			21,603		50,724
Non-interest expense ⁽²⁾		132,391			17,936		150,327
Income before income tax expense		171,461			8,700		180,161
Income tax expense		62,674			3,287		65,961
Net income	$	108,787		$	5,413	$	114,200
Identifiable segment assets (period-end)	$	45,073,642		$	690,491	$	45,764,133

(1)	Includes ancillary fee income.

(2)	Includes both direct and indirect expenses.

The following table provides a summary of the Company’s segment results for the nine months ended September 30, 2013, on an internally managed accounting basis:

	For the Nine Months Ended September 30, 2013
	Banking			Residential		Total
(in thousands)	Operations			Mortgage Banking		Company
Net interest income	$	850,939		$	18,352	$	869,291
Provision for loan losses		33,587			--		33,587
Non-interest income:
Third party ⁽¹⁾		112,256			67,764		180,020
Inter-segment		(12,795	)		12,795		--
Total non-interest income		99,461			80,559		180,020
Non-interest expense ⁽²⁾		398,519			59,569		458,088
Income before income tax expense		518,294			39,342		557,636
Income tax expense		187,341			14,903		202,244
Net income	$	330,953		$	24,439	$	355,392
Identifiable segment assets (period-end)	$	45,073,642		$	690,491	$	45,764,133

(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.

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