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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Loans $ 1,645,736 $ 1,478,765 $ 1,459,720
Money market investments 111,288 51,495 16,428
Investment securities 264,824 195,684 158,425
Total interest income 2,021,848 1,725,944 1,634,573
Interest expense:      
Deposits 204,265 141,864 127,577
Short-term borrowings 7,210 5,724 7,812
Long-term debt 75,496 76,392 77,129
Total interest expense 286,971 223,980 212,518
Net interest income 1,734,877 1,501,964 1,422,055
Provision for loan losses 228,072 325,424 170,016
Net interest income after provision for loan losses 1,506,805 1,176,540 1,252,039
Other service fees 258,020 217,267 234,770
Mortgage banking activities 52,802 25,496 56,538
Net gain on sale of debt securities 0 83 38
Other-than-temporary impairment losses on debt securities 0 (8,299) (209)
Net (loss) gain, including impairment on equity securities (2,081) 251 1,924
Net loss on trading account debt securities (208) (817) (785)
Net gain (loss) on sale of loans, including valuation adjustments on loans held-for-sale 33 (420) 8,245
Adjustments (expense) to indemnity reserves on loans sold (12,959) (22,377) (17,285)
FDIC loss-share income (expense) 94,725 (10,066) (207,779)
Other operating income 111,485 64,340 61,643
Total non-interest income 652,494 419,167 297,936
Operating expenses:      
Personnel costs 562,988 476,762 477,395
Net occupancy expenses 88,329 89,194 85,653
Equipment expenses 71,788 65,142 62,225
Other taxes 46,284 43,382 42,304
Professional fees 349,844 292,488 323,043
Communications 23,107 22,466 23,897
Business promotion 65,918 58,445 53,014
FDIC deposit insurance 27,757 26,392 24,512
Loss on early extinguishment of debt 12,522 0 0
Other real estate owned (O R E O) expenses 23,338 48,540 47,119
Other operating expenses 140,361 125,007 100,528
Amortization of intangibles 9,326 9,378 12,144
Goodwill impairment charge 0 0 3,801
Total operating expenses 1,421,562 1,257,196 1,255,635
Income from continuing operations before income tax 737,737 338,511 294,340
Income tax expense 119,579 230,830 78,784
Income from continuing operations 618,158 107,681 215,556
Income from discontinued operations, net of tax 0 0 1,135
Net Income 618,158 107,681 216,691
Net Income Applicable to Common Stock $ 614,435 $ 103,958 $ 212,968
Net income from continuing operations - Basic $ 6.07 $ 1.02 $ 2.05
Net income from discontinued operations - Basic 0 0 0.01
Net Income per Common Share - Basic 6.07 1.02 2.06
Net Income per Common Share - Diluted 6.06 1.02 2.06
Net income from discontinued operations - Diluted 0 0 0.01
Net income from continuing operations - Diluted $ 6.06 $ 1.02 $ 2.05
Service charges on deposit accounts      
Interest expense:      
Revenue from contract with customer $ 150,677 $ 153,709 $ 160,836
Non Covered Under Loss Sharing Agreements with FDIC      
Interest expense:      
Provision for loan losses 226,342 319,682 171,126
Covered Under Loss Sharing Agreements With FDIC Member      
Interest expense:      
Provision for loan losses $ 1,730 $ 5,742 $ (1,110)