Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.4.0.3
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and fee income:    
Loans and leases $ 463,422 $ 420,614
Available-for-sale and other securities    
Taxable 39,614 47,856
Tax-exempt 13,019 9,287
Held-to-maturity securities—taxable 36,789 20,667
Other 4,407 3,672
Total interest income 557,251 502,096
Interest expense:    
Deposits 23,018 19,567
Short-term borrowings 898 542
Federal Home Loan Bank advances 69 377
Subordinated notes and other long-term debt 30,200 13,925
Total interest expense 54,185 34,411
Net interest income 503,066 467,685
Provision for credit losses 27,582 20,591
Net interest income after provision for credit losses 475,484 447,094
Service charges on deposit accounts 70,262 62,220
Cards and payment processing income 36,447 32,571
Mortgage banking income 18,543 22,961
Trust services 22,838 29,039
Insurance income 16,225 15,895
Brokerage income 15,502 15,500
Capital markets fees 13,010 13,905
Bank owned life insurance income 13,513 13,025
Gain on sale of loans 5,395 4,589
Net gains on sales of securities 0 0
Other noninterest income 30,132 21,918
Total noninterest income 241,867 231,623
Personnel costs 285,397 264,916
Outside data processing and other services 61,878 50,535
Equipment 32,576 30,249
Net occupancy 31,476 31,020
Marketing 12,268 12,975
Professional services 13,538 12,727
Deposit and other insurance expense 11,208 10,167
Amortization of intangibles 3,712 10,206
Other noninterest expense 39,027 36,062
Total noninterest expense 491,080 458,857
Income before income taxes 226,271 219,860
Provision for income taxes 54,957 54,006
Net income (loss) 171,314 165,854
Dividends on preferred shares 7,998 7,965
Net income applicable to common shares $ 163,316 $ 157,889
Average common shares—basic (in shares) 795,755 809,778
Average common shares—diluted (in shares) 808,349 823,809
Per common share:    
Net income—basic (in usd per share) $ 0.21 $ 0.19
Net income—diluted (in usd per share) 0.20 0.19
Cash dividends declared (in usd per share) $ 0.07 $ 0.06
OTTI losses for the periods presented:    
Total OTTI losses $ (3,733) $ 0
Noncredit-related portion of loss recognized in OCI 3,733 0
Impairment losses recognized in earnings on available-for-sale securities $ 0 $ 0