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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2016
Segment Results | The following table provides a summary of the Company’s segment results for the three months ended September 30, 2016, on an internally managed accounting basis:
|  | For the Three Months Ended September 30, 2016 |
(in thousands) |  | Banking Operations |  |  | Residential Mortgage Banking |  |  | Total Company |
Net interest income |  | $ | 314,081 |  |  | $ | 4,342 |  |  | $ | 318,423 |
Recovery of loan losses |  |  | (55 | ) |  |  | — |  |  |  | (55 | )
Non-Interest Income: |  |  |  |  |  |  |  |  |  |  |  |
Third party (1) |  |  | 27,131 |  |  |  | 13,464 |  |  |  | 40,595 |
Inter-segment |  |  | (4,863 | ) |  |  | 4,863 |  |  |  | — |
Total non-interest income |  |  | 22,268 |  |  |  | 18,327 |  |  |  | 40,595 |
Non-interest expense (2) |  |  | 144,504 |  |  |  | 17,181 |  |  |  | 161,685 |
Income before income tax expense |  |  | 191,900 |  |  |  | 5,488 |  |  |  | 197,388 |
Income tax expense |  |  | 69,905 |  |  |  | 2,184 |  |  |  | 72,089 |
Net income |  | $ | 121,995 |  |  | $ | 3,304 |  |  | $ | 125,299 |
Identifiable segment assets (period-end) |  | $ | 48,478,288 |  |  | $ | 984,332 |  |  | $ | 49,462,620 |
(1) | Includes ancillary fee income.
(2) | Includes both direct and indirect expenses.
The following table provides a summary of the Company’s segment results for the nine months ended September 30, 2016, on an internally managed accounting basis:
|  | For the Nine Months Ended September 30, 2016 |
(in thousands) |  | Banking Operations |  |  | Residential Mortgage Banking |  |  | Total Company |
Net interest income |  | $ | 960,661 |  |  | $ | 11,201 |  |  | $ | 971,862 |
Provision for loan losses |  |  | 664 |  |  |  | — |  |  |  | 664 |
Non-Interest Income: |  |  |  |  |  |  |  |  |  |  |  |
Third party (1) |  |  | 87,616 |  |  |  | 25,582 |  |  |  | 113,198 |
Inter-segment |  |  | (13,292 | ) |  |  | 13,292 |  |  |  | — |
Total non-interest income |  |  | 74,324 |  |  |  | 38,874 |  |  |  | 113,198 |
Non-interest expense (2) |  |  | 430,706 |  |  |  | 50,338 |  |  |  | 481,044 |
Income (loss) before income tax expense |  |  | 603,615 |  |  |  | (263 | ) |  |  | 603,352 |
Income tax expense (benefit) |  |  | 221,817 |  |  |  | (133 | ) |  |  | 221,684 |
Net income (loss) |  | $ | 381,798 |  |  | $ | (130 | ) |  | $ | 381,668 |
Identifiable segment assets (period-end) |  | $ | 48,478,288 |  |  | $ | 984,332 |  |  | $ | 49,462,620 |
(1) | Includes ancillary fee income.
(2) | Includes both direct and indirect expenses.
The following table provides a summary of the Company’s segment results for the three months ended September 30, 2015, on an internally managed accounting basis:
|  | For the Three Months Ended September 30, 2015 |
(in thousands) |  | Banking Operations |  |  | Residential Mortgage Banking |  |  | Total Company |
Net interest income |  | $ | 275,990 |  |  | $ | 3,422 |  |  | $ | $279,412 |
Recovery of loan losses |  |  | (9,028 | ) |  |  | — |  |  |  | (9,028 | )
Non-interest income: |  |  |  |  |  |  |  |  |  |  |  |
Third party (1) |  |  | 29,587 |  |  |  | 8,000 |  |  |  | 37,587 |
Inter-segment |  |  | (3,513 | ) |  |  | 3,513 |  |  |  | — |
Total non-interest income |  |  | 26,074 |  |  |  | 11,513 |  |  |  | 37,587 |
Non-interest expense (2) |  |  | 130,832 |  |  |  | 16,476 |  |  |  | 147,308 |
Income (loss) before income tax expense |  |  | 180,260 |  |  |  | (1,541 | ) |  |  | 178,719 |
Income tax expense (benefit) |  |  | 64,654 |  |  |  | (623 | ) |  |  | 64,031 |
Net income (loss) |  | $ | 115,606 |  |  | $ | (918 | ) |  | $ | 114,688 |
Identifiable segment assets (period-end) |  | $ | 48,342,734 |  |  | $ | 702,748 |  |  | $ | 49,045,482 |
(1) | Includes ancillary fee income.
(2) | Includes both direct and indirect expenses.
The following table provides a summary of the Company’s segment results for the nine months ended September 30, 2015, on an internally managed accounting basis:
|  | For the Nine Months Ended September 30, 2015 |
(in thousands) |  | Banking Operations |  |  | Residential Mortgage Banking |  |  | Total Company |
Net interest income |  | $ | 845,281 |  |  | $ | 11,996 |  |  | $ | 857,277 |
Recovery of loan losses |  |  | (8,687 | ) |  |  | — |  |  |  | (8,687 | )
Non-interest income: |  |  |  |  |  |  |  |  |  |  |  |
Third party (1) |  |  | 108,096 |  |  |  | 43,626 |  |  |  | 151,722 |
Inter-segment |  |  | (11,744 | ) |  |  | 11,744 |  |  |  | — |
Total non-interest income |  |  | 96,352 |  |  |  | 55,370 |  |  |  | 151,722 |
Non-interest expense (2) |  |  | 406,459 |  |  |  | 49,615 |  |  |  | 456,074 |
Income before income tax expense |  |  | 543,861 |  |  |  | 17,751 |  |  |  | 561,612 |
Income tax expense |  |  | 196,790 |  |  |  | 7,171 |  |  |  | 203,961 |
Net income |  | $ | 347,071 |  |  | $ | 10,580 |  |  | $ | 357,651 |
Identifiable segment assets (period-end) |  | $ | 48,342,734 |  |  | $ | 702,748 |  |  | $ | 49,045,482 |
(1) | Includes ancillary fee income.
(2) | Includes both direct and indirect expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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