Income Statement

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 Entire IR Site  Press Releases Only  Filings Only

 2011 Y2012 Y2013 Y2014 Y
Source Document12/31/201312/31/201412/31/201412/31/2014
(in thousands)    
Interest and dividend income 
Loans 212,047209,280191,594191,658
Taxable investment securities 5,5613,8602,0563,162
Non-taxable investment securities 3,7683,2283,1133,738
Mortgage-backed securities 7,2976,1865,4416,925
Federal funds sold and other 1,0697349701,359
Total interest and dividend income 229,742223,288203,174206,842
Interest expense 
Deposits 24,47917,64013,39514,102
Federal Home Loan Bank borrowings 16,91514,48810,9639,108
Junior subordinated debentures 7,4346,2584,4083,872
Repurchase agreements and other short-term borrowings 1,9601,62639059
Total interest expense 50,78840,01229,15627,141
Net interest income 178,954183,276174,018179,701
Provision/ (credit) for loan losses 13,160(3,300)(10,000)(6,400)
Net interest income after provision/ (credit) for loan losses 165,794186,576184,018186,101
Fees and other income 
Investment management fees 39,80339,16343,81647,123
Wealth advisory fees 34,55337,65942,35248,082
Wealth management and trust fees 23,55323,64626,54734,582
Other banking fee income 6,5035,6637,4637,033
Gain on sale of loans, net 2,4893,2252,5192,158
Gain on repurchase of debt 4,2303,4446200
Gain/ (loss) on sale of investments, net 79887149(7)
Gain/ (loss) on OREO, net 5,372845(13)957
Gain on sale of Pacific Northwest offices 0010,5740
Other 1,6105972,414870
Total fees and other income 118,911115,113136,341140,798
Operating expense 
Salaries and employee benefits 142,872143,852140,761146,648
Occupancy and equipment 29,64930,80729,82231,041
Professional services 16,81013,11312,10912,473
Marketing and business development 6,8027,3137,0947,989
Contract services and data processing 4,6445,3805,8275,816
Amortization of intangibles 4,8004,3694,3274,836
FDIC insurance 6,1393,9723,7003,459
Restructuring expense 8,0555,9110739
Other 14,55317,27917,06514,128
Total operating expense 234,324231,996220,705227,129
Income before income taxes 50,38169,69399,65499,770
Income tax expense 14,28020,93532,96332,365
Net income from continuing operations 36,10148,75866,69167,405
Net income from discontinued operations 6,1847,6357,7926,160
Net income before attribution to noncontrolling interests 42,28556,39374,48373,565
Less - Net income attributable to noncontrolling interests 3,1483,1223,9484,750
Net income attributable to the Company 39,13753,27170,53568,815
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders (4,701)(6,101)(16,636)(4,563)
Net income attributable to common shareholders for earnings per share calculation 34,43647,17053,89964,252
Basic earnings per share attributable to common shareholders 
From continuing operations 0.390.530.60.73
From discontinued operations
Total attributable to common shareholders 0.460.620.70.81
Weighted average basic common shares outstanding 75,169,61176,019,99177,373,81778,921,480
Diluted earnings per share attributable to common shareholders 
From continuing operations 0.390.520.590.72
From discontinued operations
Total attributable to common shareholders 0.460.610.680.79
Weighted average diluted common shares outstanding 75,481,02876,973,51678,753,52480,879,231
Comprehensive Income 
Net income attributable to the Company 39,13753,27170,53568,815
Other comprehensive income/ (loss), net of tax 
Unrealized gain/ (loss) on securities available for sale 3,726(937)(7,141)3,736
Adjustment for discontinued operations 0(23)00
Net unrealized gain/ (loss) on securities available for sale 3,236(1,471)(7,169)3,740
Unrealized gain/ (loss) on cash flow hedges (2,830)(878)2(2,009)
Net unrealized gain/ (loss) on cash flow hedges (1,735)1371,206(160)
Net unrealized gain/ (loss) on other 745(136)(358)(80)
Other comprehensive income/ (loss), net of tax 2,246(1,470)(6,321)3,500
Total comprehensive income attributable to the Company, net 41,38351,80164,21472,315

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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