| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Interest income: | |||||||||
Loans | |||||||||
981,408 | 1,198,241 | 1,001,862 | 896,154 | 753,901 | 667,237 | 618,944 | 584,727 | 512,728 | 431,468 |
Investment securities | |||||||||
280,560 | 233,091 | 188,307 | 150,859 | 116,817 | 108,662 | 114,535 | 131,198 | 122,626 | 124,262 |
Other | |||||||||
19,902 | 17,812 | 14,292 | 12,204 | 10,098 | 7,845 | 5,342 | 4,931 | 2,743 | 1,958 |
Total interest income | |||||||||
1,281,870 | 1,449,144 | 1,204,461 | 1,059,217 | 880,816 | 783,744 | 738,821 | 720,856 | 638,097 | 557,688 |
Interest expense: | |||||||||
Deposits | |||||||||
385,180 | 284,563 | 170,933 | 119,773 | 91,151 | 72,961 | 60,566 | 66,178 | 75,773 | 108,344 |
Borrowings | |||||||||
143,905 | 114,488 | 83,256 | 69,059 | 44,013 | 33,690 | 32,045 | 57,091 | 63,164 | 59,856 |
Total interest expense | |||||||||
529,085 | 399,051 | 254,189 | 188,832 | 135,164 | 106,651 | 92,611 | 123,269 | 138,937 | 168,200 |
Net interest income before provision for credit losses | |||||||||
752,785 | 1,050,093 | 950,272 | 870,385 | 745,652 | 677,093 | 646,210 | 597,587 | 499,160 | 389,488 |
Provision for credit losses | |||||||||
8,904 | 25,925 | 68,747 | 50,911 | 44,311 | 41,505 | 31,964 | 18,896 | 13,828 | 51,407 |
Net interest income after provision for credit losses | |||||||||
743,881 | 1,024,168 | 881,525 | 819,474 | 701,341 | 635,588 | 614,246 | 578,691 | 485,332 | 338,081 |
Non-interest income: | |||||||||
Income from resolution of covered assets, net | |||||||||
0 | 11,551 | 27,450 | 36,155 | 50,658 | 49,082 | 78,862 | 51,016 | 18,776 | 121,462 |
Net gain loss on indemnification asset | |||||||||
0 | -4,199 | -22,220 | -17,759 | -65,942 | -46,396 | -50,638 | -6,030 | 79,812 | 17,736 |
Deposit service charges and fees | |||||||||
16,539 | 14,412 | 13,180 | 12,780 | 17,876 | 16,612 | 14,255 | 12,716 | 11,128 | 10,567 |
(Amortization) accretion of FDIC indemnification asset | |||||||||
- | - | - | - | - | - | - | - | - | 134,703 |
FDIC reimbursement of costs of resolution of covered assets | |||||||||
- | - | - | - | - | - | 9,397 | 19,569 | 31,528 | 29,762 |
Gain (Loss) on Sale of Loans and Leases | |||||||||
12,119 | 15,864 | 27,589 | -4,406 | 40,633 | 21,047 | -15,469 | -28,657 | -69,714 | -76,310 |
Gain (loss) on investment securities, net | |||||||||
21,174 | 3,159 | 33,466 | 14,461 | 8,480 | 3,859 | 8,629 | 17,039 | 1,136 | -998 |
Loss on termination of interest rate swap | |||||||||
- | - | - | - | - | - | - | -8,701 | 0 | 0 |
Lease financing | |||||||||
66,631 | 61,685 | 53,837 | 44,738 | 35,641 | 21,601 | 8,214 | 791 | - | - |
Mortgage insurance income | |||||||||
- | - | - | - | - | - | - | - | 16,904 | 18,441 |
Settlement with the FDIC | |||||||||
- | - | - | - | - | - | - | - | - | -24,055 |
Other non-interest income | |||||||||
30,741 | 29,550 | 24,602 | 20,448 | 14,878 | 18,360 | 14,799 | 30,373 | 17,746 | 18,361 |
Total non-interest income | |||||||||
147,204 | 132,022 | 157,904 | 106,417 | 102,224 | 84,165 | 68,049 | 73,941 | 163,217 | 297,779 |
Non-interest expense: | |||||||||
Employee compensation and benefits | |||||||||
235,330 | 254,997 | 237,824 | 223,011 | 210,104 | 195,218 | 173,763 | 173,261 | 272,991 | 144,486 |
Occupancy and equipment | |||||||||
56,174 | 55,899 | 58,100 | 59,022 | 76,024 | 70,520 | 63,766 | 54,465 | 36,680 | 28,692 |
Amortization of FDIC indemnification asset | |||||||||
0 | 261,763 | 176,466 | 160,091 | 109,411 | 69,470 | 36,943 | -15,306 | -55,901 | - |
Impairment of other real estate owned | |||||||||
- | - | - | - | - | - | - | - | 24,569 | 16,131 |
(Gain) loss on other real estate owned, net (including (gain) loss related to covered OREO of $(2,744), $(7,629), and $5,762) | |||||||||
- | - | - | - | - | - | - | -5,762 | -23,576 | 2,174 |
Foreclosure and other real estate owned expense | |||||||||
- | - | - | - | - | - | - | 20,268 | 31,977 | 30,669 |
Foreclosure and other real estate owned expense | |||||||||
- | - | - | - | - | - | - | - | - | 19,003 |
Change in value of FDIC warrant | |||||||||
- | - | - | - | - | - | - | - | - | -21,832 |
Deposit insurance expense | |||||||||
16,991 | 18,984 | 22,011 | 17,806 | 14,257 | 9,348 | 7,648 | 7,248 | 8,480 | 13,899 |
Professional fees | |||||||||
20,352 | 16,539 | 23,676 | 14,249 | 14,185 | 13,178 | 21,934 | 15,468 | 17,330 | 14,677 |
Technology and telecommunications | |||||||||
47,509 | 35,136 | 31,252 | 31,324 | 13,613 | 13,381 | 13,034 | 12,462 | 12,041 | 12,321 |
Depreciation of operating lease equipment | |||||||||
48,493 | 40,025 | 35,015 | 31,580 | 18,369 | 8,759 | 4,259 | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||
-3,796 | 0 | - | - | - | - | - | -14,175 | 0 | 0 |
Other non-interest expense | |||||||||
58,444 | 57,197 | 50,624 | 53,364 | 50,709 | 46,629 | 42,946 | 34,139 | 28,161 | 19,436 |
Total non-interest expense | |||||||||
487,089 | 740,540 | 634,968 | 590,447 | 506,672 | 426,503 | 364,293 | 307,767 | 455,805 | 323,320 |
Income before income taxes | |||||||||
403,996 | 415,650 | 404,461 | 335,444 | 296,893 | 293,250 | 318,002 | 344,865 | 192,744 | 312,540 |
Provision (benefit) for income taxes | |||||||||
90,898 | 90,784 | -209,812 | 109,703 | 45,233 | 89,035 | 109,066 | 133,605 | 129,576 | 127,805 |
Net Income (Loss) Attributable to Parent | |||||||||
313,098 | 324,866 | 614,273 | 225,741 | 251,660 | 204,215 | 208,936 | 211,260 | 63,168 | 184,735 |
Preferred stock dividends | |||||||||
- | - | - | - | - | - | - | 3,899 | 0 | 0 |
Net income available to common stockholders | |||||||||
- | - | - | - | - | - | - | 207,361 | 63,168 | 184,735 |
Earnings Per Share, Basic | |||||||||
3.14 | 3.01 | 5.60 | 2.11 | 2.37 | 1.95 | 2.03 | 2.05 | 0.63 | 1.99 |
Earnings Per Share, Diluted | |||||||||
3.13 | 2.99 | 5.58 | 2.09 | 2.35 | 1.95 | 2.01 | 2.05 | 0.62 | 1.99 |
Cash dividends declared per common share (in Dollars per Share) | |||||||||
- | - | - | - | 0.84 | 0.84 | 0.84 | 0.72 | 0.56 | 0.37 |