Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Loans and leases      
Loans and Leases, total $ 1,629,939 $ 1,675,295 $ 1,727,784
Available-for-sale and other securities      
Taxable 148,557 184,340 207,984
Tax-exempt 12,678 8,999 9,785
Held-to-maturity securities - taxable 50,214 24,088 11,213
Other 19,249 37,541 13,460
Total interest income 1,860,637 1,930,263 1,970,226
Interest expense      
Deposits 116,241 162,167 260,052
Short-term borrowings 700 2,048 3,500
Federal Home Loan Bank advances 1,077 819 824
Subordinated notes and other long-term debt 38,011 54,705 76,680
Total interest expense 156,029 219,739 341,056
Net interest income 1,704,608 1,710,524 1,629,170
Provision for credit losses 90,045 147,388 174,059
Net interest income after provision for credit losses 1,614,563 1,563,136 1,455,111
Service charges on deposit accounts 271,802 262,179 243,507
Mortgage banking income 126,855 191,092 83,408
Trust services income 123,007 121,897 119,382
Electronic banking income 92,591 82,290 111,697
Brokerage income 69,189 72,226 80,367
Insurance income 69,264 71,319 69,470
Gain (Loss) on sale of loans 18,171 58,182 31,944
Bank owned life insurance income 56,419 56,042 62,336
Capital markets income 45,220 48,160 36,540
Net gains on sales of securities 2,220 6,388 3,682
Impairment losses recognized in earnings on available-for-sale securities (1,802) (1,619) (7,363)
Other income 125,059 129,701 145,653
Total noninterest income 997,995 1,097,857 980,623
Personnel costs 1,001,637 988,193 892,534
Outside data processing and other services 199,547 190,255 189,174
Net occupancy 125,344 111,160 109,129
Equipment 106,793 102,947 92,544
Deposit and other insurance expense 50,161 68,330 77,692
Professional services 40,587 65,758 68,616
Marketing 51,185 64,263 65,560
Amortization of intangibles 41,364 46,549 53,318
Gains on early extinguishment of debt 0 (798) (9,697)
Other expense 141,385 199,219 189,630
Total noninterest expense 1,758,003 1,835,876 1,728,500
Income before income taxes 854,555 825,117 707,234
Provision for income taxes 215,814 184,095 164,621
Net income 638,741 641,022 542,613
Dividends on preferred shares 31,869 31,989 30,813
Net income applicable to common shares 606,872 609,033 511,800
Average common shares - basic 834,205 857,962 863,691
Average common shares - diluted 843,974 863,402 867,624
Per common share:      
Net income - basic $ 0.73 $ 0.71 $ 0.59
Net income - diluted $ 0.72 $ 0.71 $ 0.59
Cash dividends declared, prior period $ 0.19 $ 0.16 $ 0.10
Impairment losses on available-for-sale securities:      
Total OTTI losses 1,870 1,886 8,791
Noncredit-related portion of loss recognized in other comprehensive income $ 68 $ 267 $ 1,428