Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (Unaudited)

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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

27. Quarterly Results of Operations (Unaudited)

 

       The following is a summary of the unaudited quarterly results of operations, for the years ended December 31, 2012 and 2011:

    2012
(dollar amounts in thousands, except per share data)   Fourth     Third     Second     First
                       
Interest income $ 478,995   $ 483,787   $ 487,544   $ 479,937
Interest expense   44,940     53,489     58,582     62,728
Net interest income   434,055     430,298     428,962     417,209
Provision for credit losses   39,458     37,004     36,520     34,406
Noninterest income   297,651     261,067     253,819     285,320
Noninterest expense   470,628     458,303     444,269     462,676
Income before income taxes   221,620     196,058     201,992     205,447
Provision for income taxes   54,341     28,291     49,286     52,177
Net income   167,279     167,767     152,706     153,270
Dividends on preferred shares   7,973     7,983     7,984     8,049
Net income applicable to common shares $ 159,306   $ 159,784   $ 144,722   $ 145,221
                       
Net income per common share -- Basic $ 0.19   $ 0.19   $ 0.17   $ 0.17
Net income per common share -- Diluted   0.19     0.19     0.17     0.17
                       
                       
    2011
(dollar amounts in thousands, except per share data)   Fourth     Third     Second     First
                       
Interest income $ 485,216   $ 490,996   $ 492,137   $ 501,877
Interest expense   70,191     84,518     88,800     97,547
Net interest income   415,025     406,478     403,337     404,330
Provision for credit losses   45,291     43,586     35,797     49,385
Noninterest income   229,352     258,559     255,767     236,945
Noninterest expense   430,274     439,118     428,409     430,699
Income before income taxes   168,812     182,333     194,898     161,191
Provision for income taxes   41,954     38,942     48,980     34,745
Net income   126,858     143,391     145,918     126,446
Dividends declared on preferred shares   7,703     7,703     7,704     7,703
Net income applicable to common shares $ 119,155   $ 135,688   $ 138,214   $ 118,743
                       
Net income per common share -- Basic $ 0.14   $ 0.16   $ 0.16   $ 0.14
Net income per common share -- Diluted   0.14     0.16     0.16     0.14