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Quarterly Financial Information | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information | NOTE 30 – Quarterly Financial Information (Unaudited)
|  | Year Ended December 31, 2018 |
(in thousands, except per share amounts) |  | 1st Quarter |  |  | 2nd Quarter |  |  | 3rd Quarter |  |  | 4th Quarter |
Operating revenues |  | $ | 639,077 |  |  | $ | 625,590 |  |  | $ | 617,050 |  |  | $ | 666,791 |
Interest income |  |  | 137,734 |  |  |  | 154,421 |  |  |  | 169,760 |  |  |  | 184,534 |
Total revenues |  |  | 776,811 |  |  |  | 780,011 |  |  |  | 786,810 |  |  |  | 851,325 |
Interest expense |  |  | 26,453 |  |  |  | 37,279 |  |  |  | 48,468 |  |  |  | 57,876 |
Net revenues |  |  | 750,358 |  |  |  | 742,732 |  |  |  | 738,342 |  |  |  | 793,449 |
Total non-interest expenses |  |  | 630,804 |  |  |  | 624,385 |  |  |  | 597,812 |  |  |  | 637,518 |
Income before income tax expense |  |  | 119,554 |  |  |  | 118,347 |  |  |  | 140,530 |  |  |  | 155,931 |
Provision for income taxes |  |  | 30,793 |  |  |  | 31,060 |  |  |  | 36,672 |  |  |  | 41,869 |
Net income |  |  | 88,761 |  |  |  | 87,287 |  |  |  | 103,858 |  |  |  | 114,062 |
Preferred dividends |  |  | 2,344 |  |  |  | 2,344 |  |  |  | 2,343 |  |  |  | 2,344 |
Net income available to common shareholders |  | $ | 86,417 |  |  | $ | 84,943 |  |  | $ | 101,515 |  |  | $ | 111,718 |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.20 |  |  | $ | 1.18 |  |  | $ | 1.41 |  |  | $ | 1.56 |
Diluted |  | $ | 1.06 |  |  | $ | 1.04 |  |  | $ | 1.25 |  |  | $ | 1.38 |
Weighted-average number of common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 71,999 |  |  |  | 71,692 |  |  |  | 71,919 |  |  |  | 71,666 |
Diluted |  |  | 81,789 |  |  |  | 81,299 |  |  |  | 81,484 |  |  |  | 80,706 |
Cash dividends declared per common share |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 0.12 |  |  | $ | 0.12 |
|  | Year Ended December 31, 2017 |
(in thousands, except per share amounts) |  | 1st Quarter |  |  | 2nd Quarter |  |  | 3rd Quarter |  |  | 4th Quarter |
Operating revenues |  | $ | 590,474 |  |  | $ | 633,340 |  |  | $ | 620,932 |  |  | $ | 697,335 |
Interest income |  |  | 100,953 |  |  |  | 108,951 |  |  |  | 117,862 |  |  |  | 126,615 |
Total revenues |  |  | 691,427 |  |  |  | 742,291 |  |  |  | 738,794 |  |  |  | 823,950 |
Interest expense |  |  | 15,896 |  |  |  | 16,644 |  |  |  | 17,625 |  |  |  | 19,865 |
Net revenues |  |  | 675,531 |  |  |  | 725,647 |  |  |  | 721,169 |  |  |  | 804,085 |
Total non-interest expenses |  |  | 596,512 |  |  |  | 642,449 |  |  |  | 613,030 |  |  |  | 804,905 |
Income before income tax expense |  |  | 79,019 |  |  |  | 83,198 |  |  |  | 108,139 |  |  |  | (820 | )
Provision for income taxes |  |  | 13,507 |  |  |  | 30,387 |  |  |  | 41,603 |  |  |  | 1,168 |
Net income |  |  | 65,512 |  |  |  | 52,811 |  |  |  | 66,536 |  |  |  | (1,988 | )
Preferred dividends |  |  | 2,344 |  |  |  | 2,344 |  |  |  | 2,343 |  |  |  | 2,344 |
Net income available to common shareholders |  | $ | 63,168 |  |  | $ | 50,467 |  |  | $ | 64,193 |  |  | $ | (4,332 | )
Earnings per common share (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.92 |  |  | $ | 0.74 |  |  | $ | 0.94 |  |  | $ | (0.06 | )
Diluted |  | $ | 0.78 |  |  | $ | 0.63 |  |  | $ | 0.79 |  |  | $ | (0.06 | )
Weighted-average number of common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 68,386 |  |  |  | 68,556 |  |  |  | 68,522 |  |  |  | 68,782 |
Diluted |  |  | 80,695 |  |  |  | 80,021 |  |  |  | 80,881 |  |  |  | 68,782 |
Cash dividends declared per common share |  | $ | — |  |  | $ | — |  |  | $ | 0.10 |  |  | $ | 0.10 |
| (1) | Earnings per share for the three months ended December 31, 2017 is calculated using the basic weighted average number of common shares outstanding, not fully dilutive shares, as they are anti-dilutive in periods a loss is incurred.

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- References No definition available. + Details
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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