Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2017

The following tables provide a summary of the Company’s segment results for the three months ended March 31, 2017 and 2016 on an internally managed accounting basis:


	For the Three Months Ended March 31, 2017
(in thousands)	Banking Operations			Residential Mortgage Banking		Total Company
Net interest income	$	292,277		$	2,640	$	294,917
Recovery of loan losses		(4,008	)		—		(4,008	)
Non-Interest Income:
Third party⁽¹⁾		21,869			10,303		32,172
Inter-segment		(3,759	)		3,759		—

Total non-interest income		18,110			14,062		32,172

Non-interest expense⁽²⁾		150,936			16,007		166,943

Income before income tax expense		163,459			695		164,154
Income tax expense		59,920			277		60,197

Net income	$	103,539		$	418	$	103,957

Identifiable segment assets (period-end)	$	48,285,443		$	539,121	$	48,824,564

(1)	Includes ancillary fee income.

(2)	Includes both direct and indirect expenses.


	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 (loss) before income tax expense (benefit)		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.