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, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

27. Quarterly Results of Operations (Unaudited)

 

       The following is a summary of the quarterly results of operations, for the years ended December 31, 2013 and 2012:

    2013
(dollar amounts in thousands, except per share data)   Fourth     Third     Second     First
                       
Interest income $ 469,824   $ 462,912   $ 462,582   $ 465,319
Interest expense   39,175     38,060     37,645     41,149
Net interest income   430,649     424,852     424,937     424,170
Provision for credit losses   24,331     11,400     24,722     29,592
Noninterest income   246,628     250,503     248,655     252,209
Noninterest expense   446,009     423,336     445,865     442,793
Income before income taxes   206,937     240,619     203,005     203,994
Provision for income taxes   49,114     62,132     52,354     52,214
Net income   157,823     178,487     150,651     151,780
Dividends on preferred shares   7,965     7,967     7,967     7,970
Net income applicable to common shares $ 149,858   $ 170,520   $ 142,684   $ 143,810
                       
Net income per common share -- Basic $ 0.18   $ 0.21   $ 0.17   $ 0.17
Net income per common share -- Diluted   0.18     0.20     0.17     0.17
                       
                       
    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 declared 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