Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2016

The following tables provide a summary of the Company’s segment results for the three months ended March 31, 2016 and 2015, on an internally managed accounting basis:


	For the Three Months Ended March 31, 2016
(in thousands)	Banking Operations			Residential Mortgage Banking			Total Company
Net interest income	$	324,917		$	2,949		$	327,866
Recoveries of loan losses		(176	)		—			(176	)
Non-Interest Income:
Third party ⁽¹⁾		30,586			4,651			35,237
Inter-segment		(4,112	)		4,112			—

Total non-interest income		26,474			8,763			35,237

Non-interest expense ⁽²⁾		142,050			16,398			158,448

Income before income tax expense		209,517			(4,686	)		204,831
Income tax expense (benefit)		76,815			(1,893	)		74,922

Net income (loss)	$	132,702		$	(2,793	)	$	129,909

Identifiable segment assets (period-end)	$	47,739,937		$	775,635		$	48,515,572

(1)	Includes ancillary fee income.

(2)	Includes both direct and indirect expenses.


	For the Three Months Ended March 31, 2015
(in thousands)	Banking Operations			Residential Mortgage Banking		Total Company
Net interest income	$	289,285		$	3,483	$	292,768

Provision for loan losses		7			—		7

Non-interest income:
Third party⁽¹⁾		33,154			19,080		52,234
Inter-segment		(4,170	)		4,170		—

Total non-interest income		28,984			23,250		52,234

Non-interest expense⁽²⁾		140,151			16,685		156,836

Income before income tax expense		178,111			10,048		188,159
Income tax expense		64,890			4,010		68,900

Net income	$	113,221		$	6,038	$	119,259

Identifiable segment assets (period-end)	$	47,573,020		$	678,695	$	48,251,715

(1)	Includes ancillary fee income.

(2)	Includes both direct and indirect expenses.