Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

v3.3.1.900
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The following is a summary of the quarterly results of operations, for the years ended December 31, 2015 and 2014:
 
Three months ended
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in thousands, except per share data)
2015
 
2015
 
2015
 
2015
Interest income
$
544,153

 
$
538,477

 
$
529,795

 
$
502,096

Interest expense
47,242

 
43,022

 
39,109

 
34,411

Net interest income
496,911

 
495,455

 
490,686

 
467,685

Provision for credit losses
36,468

 
22,476

 
20,419

 
20,591

Noninterest income
272,215

 
253,119

 
281,773

 
231,623

Noninterest expense
498,766

 
526,508

 
491,777

 
458,857

Income before income taxes
233,892

 
199,590

 
260,263

 
219,860

Provision for income taxes
55,583

 
47,002

 
64,057

 
54,006

Net income
178,309

 
152,588

 
196,206

 
165,854

Dividends on preferred shares
7,972

 
7,968

 
7,968

 
7,965

Net income applicable to common shares
$
170,337

 
$
144,620

 
$
188,238

 
$
157,889

Net income per common share — Basic
$
0.21

 
$
0.18

 
$
0.23

 
$
0.19

Net income per common share — Diluted
0.21

 
0.18

 
0.23

 
0.19

 
 
Three months ended
 
December 31,
 
September 30,
 
June 30,
 
March 31,
(dollar amounts in thousands, except per share data)
2014
 
2014
 
2014
 
2014
Interest income
$
507,625

 
$
501,060

 
$
495,322

 
$
472,455

Interest expense
34,373

 
34,725

 
35,274

 
34,949

Net interest income
473,252

 
466,335

 
460,048

 
437,506

Provision for credit losses
2,494

 
24,480

 
29,385

 
24,630

Noninterest income
233,278

 
247,349

 
250,067

 
248,485

Noninterest expense
483,271

 
480,318

 
458,636

 
460,121

Income before income taxes
220,765

 
208,886

 
222,094

 
201,240

Provision for income taxes
57,151

 
53,870

 
57,475

 
52,097

Net income
163,614

 
155,016

 
164,619

 
149,143

Dividends on preferred shares
7,963

 
7,964

 
7,963

 
7,964

Net income applicable to common shares
$
155,651

 
$
147,052

 
$
156,656

 
$
141,179

Net income per common share — Basic
$
0.19

 
$
0.18

 
$
0.19

 
$
0.17

Net income per common share — Diluted
0.19

 
0.18

 
0.19

 
0.17