| Schedule of quarterly results of operations |
The following is a summary of the quarterly results of operations, for the years ended December 31, 2015 and 2014:
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Three months ended |
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December 31, |
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September 30, |
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June 30, |
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March 31, |
(dollar amounts in thousands, except per share data) |
2015 |
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2015 |
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2015 |
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2015 |
Interest income |
$ |
544,153 |
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|
$ |
538,477 |
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|
$ |
529,795 |
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|
$ |
502,096 |
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Interest expense |
47,242 |
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|
43,022 |
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|
39,109 |
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|
34,411 |
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Net interest income |
496,911 |
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|
495,455 |
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|
490,686 |
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|
467,685 |
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Provision for credit losses |
36,468 |
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|
22,476 |
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|
20,419 |
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|
20,591 |
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Noninterest income |
272,215 |
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|
253,119 |
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|
281,773 |
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|
231,623 |
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Noninterest expense |
498,766 |
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|
526,508 |
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|
491,777 |
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|
458,857 |
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Income before income taxes |
233,892 |
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|
199,590 |
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|
260,263 |
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|
219,860 |
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Provision for income taxes |
55,583 |
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|
47,002 |
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|
64,057 |
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|
54,006 |
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Net income |
178,309 |
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|
152,588 |
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|
196,206 |
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|
165,854 |
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Dividends on preferred shares |
7,972 |
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|
7,968 |
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|
7,968 |
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|
7,965 |
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Net income applicable to common shares |
$ |
170,337 |
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$ |
144,620 |
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|
$ |
188,238 |
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$ |
157,889 |
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Net income per common share — Basic |
$ |
0.21 |
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|
$ |
0.18 |
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|
$ |
0.23 |
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|
$ |
0.19 |
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Net income per common share — Diluted |
0.21 |
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|
0.18 |
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|
0.23 |
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|
0.19 |
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Three months ended |
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December 31, |
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September 30, |
|
June 30, |
|
March 31, |
(dollar amounts in thousands, except per share data) |
2014 |
|
2014 |
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2014 |
|
2014 |
Interest income |
$ |
507,625 |
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|
$ |
501,060 |
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$ |
495,322 |
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$ |
472,455 |
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Interest expense |
34,373 |
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|
34,725 |
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|
35,274 |
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|
34,949 |
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Net interest income |
473,252 |
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|
466,335 |
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|
460,048 |
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|
437,506 |
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Provision for credit losses |
2,494 |
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|
24,480 |
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29,385 |
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|
24,630 |
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Noninterest income |
233,278 |
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|
247,349 |
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|
250,067 |
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|
248,485 |
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Noninterest expense |
483,271 |
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|
480,318 |
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|
458,636 |
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|
460,121 |
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Income before income taxes |
220,765 |
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|
208,886 |
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222,094 |
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|
201,240 |
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Provision for income taxes |
57,151 |
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|
53,870 |
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|
57,475 |
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|
52,097 |
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Net income |
163,614 |
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|
155,016 |
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|
164,619 |
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|
149,143 |
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Dividends on preferred shares |
7,963 |
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|
7,964 |
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|
7,963 |
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|
7,964 |
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Net income applicable to common shares |
$ |
155,651 |
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$ |
147,052 |
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$ |
156,656 |
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$ |
141,179 |
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Net income per common share — Basic |
$ |
0.19 |
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$ |
0.18 |
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$ |
0.19 |
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$ |
0.17 |
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Net income per common share — Diluted |
0.19 |
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|
0.18 |
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0.19 |
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|
0.17 |
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