|
Maryland
(State or other jurisdiction of incorporation or organization) |
31-0724920
(I.R.S. Employer Identification No.) |
2
| September 30, | December 31, | September 30, | ||||||||||
| (in thousands, except number of shares) | 2005 | 2004 | 2004 | |||||||||
| (Unaudited) | (Unaudited) | |||||||||||
|
Assets
|
||||||||||||
|
Cash and due from banks
|
$ | 803,425 | $ | 877,320 | $ | 1,053,358 | ||||||
|
Federal funds sold and securities purchased under resale agreements
|
78,325 | 628,040 | 838,833 | |||||||||
|
Interest bearing deposits in banks
|
22,379 | 22,398 | 36,155 | |||||||||
|
Trading account securities
|
191,418 | 309,630 | 120,334 | |||||||||
|
Loans held for sale
|
449,096 | 223,469 | 205,913 | |||||||||
|
Investment securities
|
4,304,898 | 4,238,945 | 4,150,044 | |||||||||
|
Loans and leases
|
24,496,287 | 23,560,277 | 22,587,259 | |||||||||
|
Allowance for loan and lease losses
|
(253,943 | ) | (271,211 | ) | (282,650 | ) | ||||||
|
Net loans and leases
|
24,242,344 | 23,289,066 | 22,304,609 | |||||||||
|
Operating lease assets
|
274,190 | 587,310 | 717,411 | |||||||||
|
Bank owned life insurance
|
993,407 | 963,059 | 954,911 | |||||||||
|
Premises and equipment
|
358,876 | 355,115 | 356,438 | |||||||||
|
Goodwill and other intangible assets
|
217,703 | 215,807 | 216,011 | |||||||||
|
Customers acceptance liability
|
7,463 | 11,299 | 8,787 | |||||||||
|
Accrued income and other assets
|
819,464 | 844,039 | 845,436 | |||||||||
|
Total assets
|
$ | 32,762,988 | $ | 32,565,497 | $ | 31,808,240 | ||||||
|
|
||||||||||||
|
Liabilities and shareholders equity
|
||||||||||||
|
Liabilities
|
||||||||||||
|
Deposits
|
$ | 22,349,122 | $ | 20,768,161 | $ | 20,109,025 | ||||||
|
Short-term borrowings
|
1,502,566 | 1,207,233 | 1,215,887 | |||||||||
|
Federal Home Loan Bank advances
|
1,155,656 | 1,271,088 | 1,270,454 | |||||||||
|
Other long-term debt
|
2,795,431 | 4,016,004 | 4,094,185 | |||||||||
|
Subordinated notes
|
1,034,343 | 1,039,793 | 1,040,901 | |||||||||
|
Allowance for unfunded loan commitments and letters of credit
|
38,098 | 33,187 | 30,007 | |||||||||
|
Bank acceptances outstanding
|
7,463 | 11,299 | 8,787 | |||||||||
|
Deferred federal income tax liability
|
768,344 | 783,628 | 723,525 | |||||||||
|
Accrued expenses and other liabilities
|
489,290 | 897,466 | 854,552 | |||||||||
|
Total liabilities
|
30,140,313 | 30,027,859 | 29,347,323 | |||||||||
|
|
||||||||||||
|
Shareholders equity
|
||||||||||||
|
Preferred stock authorized 6,617,808 shares;
none outstanding
|
| | | |||||||||
|
Common stock without par value; authorized
500,000,000 shares; issued 257,866,255
shares; outstanding 229,005,823; 231,605,281
and 230,153,486 shares, respectively
|
2,490,919 | 2,484,204 | 2,482,904 | |||||||||
|
Less 28,860,432; 26,260,974 and 27,712,769
treasury shares, respectively
|
(575,941 | ) | (499,259 | ) | (526,967 | ) | ||||||
|
Accumulated other comprehensive loss
|
(21,839 | ) | (10,903 | ) | (13,812 | ) | ||||||
|
Retained earnings
|
729,536 | 563,596 | 518,792 | |||||||||
|
Total shareholders equity
|
2,622,675 | 2,537,638 | 2,460,917 | |||||||||
|
Total liabilities and shareholders equity
|
$ | 32,762,988 | $ | 32,565,497 | $ | 31,808,240 | ||||||
3
4
5
6
7
(Unaudited)
Three Months Ended
Nine Months Ended
September 30,
September 30,
(in thousands, except per share amounts)
2005
2004
2005
2004
$
366,718
$
285,042
$
1,044,994
$
824,056
154
222
509
929
38,507
41,588
114,097
135,348
5,523
4,431
14,171
13,503
9,956
6,719
25,518
14,264
420,858
338,002
1,199,289
988,100
119,376
64,812
313,103
183,810
10,901
3,121
22,815
9,222
7,351
8,426
24,697
24,565
41,593
34,585
119,939
98,197
179,221
110,944
480,554
315,794
241,637
227,058
718,735
672,306
17,699
11,785
50,468
42,408
223,938
215,273
668,267
629,898
29,262
64,412
114,091
231,985
44,817
43,935
125,751
129,368
19,671
17,064
56,980
50,095
13,948
13,200
40,518
41,920
10,104
10,019
30,347
31,813
11,449
10,799
32,860
30,957
21,116
4,448
30,801
23,474
101
7,803
715
13,663
502
312
756
14,206
9,770
17,899
52,141
68,177
160,740
189,891
484,960
635,658
117,476
121,729
365,547
363,068
22,823
54,885
89,650
188,158
16,653
16,838
53,152
49,859
18,062
17,527
54,945
53,552
15,531
15,295
47,031
47,609
8,323
12,219
27,129
27,354
6,779
5,000
20,674
20,908
4,512
5,359
14,195
15,191
3,102
3,201
9,489
9,315
203
204
611
612
(1,151
)
(1,151
)
19,588
22,317
57,042
66,755
233,052
273,423
739,465
841,230
151,626
131,741
413,762
424,326
43,052
38,255
102,244
116,540
$
108,574
$
93,486
$
311,518
$
307,786
229,830
229,848
231,290
229,501
233,456
234,348
234,727
233,307
$
0.47
$
0.41
$
1.35
$
1.34
0.47
0.40
1.33
1.32
0.215
0.20
0.63
0.55
Accumulated
Other
Common Stock
Treasury Shares
Comprehensive
Retained
(in thousands)
Shares
Amount
Shares
Amount
Income
Earnings/
Total
257,866
$
2,483,542
(28,858
)
$
(548,576
)
$
2,678
$
337,358
$
2,275,002
307,786
307,786
(19,555
)
(19,555
)
3,065
3,065
291,296
(126,352
)
(126,352
)
(564
)
985
18,865
18,301
(74
)
160
2,744
2,670
257,866
$
2,482,904
(27,713
)
$
(526,967
)
$
(13,812
)
$
518,792
$
2,460,917
257,866
$
2,484,204
(26,261
)
$
(499,259
)
$
(10,903
)
$
563,596
$
2,537,638
311,518
311,518
(18,304
)
(18,304
)
7,368
7,368
300,582
(145,578
)
(145,578
)
(4,416
)
(108,610
)
(108,610
)
3,172
1,729
33,353
36,525
3,543
88
(1,425
)
2,118
257,866
$
2,490,919
(28,860
)
$
(575,941
)
$
(21,839
)
$
729,536
$
2,622,675
Nine Months Ended
September 30,
(in thousands of dollars)
2005
2004
$
311,518
$
307,786
50,468
42,408
82,119
171,152
14,574
13,866
56,780
67,923
(3,986
)
(640
)
(9,422
)
83,140
118,212
(112,745
)
(1,603,271
)
(1,364,329
)
1,704,813
1,384,895
(715
)
(13,663
)
(756
)
(12,693
)
(30,347
)
(31,813
)
(128,469
)
33,053
(228,596
)
(44,003
)
332,922
524,337
19
(2,528
)
333,605
746,386
1,715,426
1,655,459
(2,146,993
)
(1,530,657
)
1,534,395
(1,332,014
)
(3,216,666
)
(16,546
)
(11,479
)
239,194
368,663
189
340
(42,069
)
(43,924
)
47,755
9,800
(1,201,434
)
(490,211
)
1,587,653
1,610,167
295,333
(236,417
)
148,830
(100,000
)
809,589
454
(925,021
)
(3,000
)
675,000
(1,308,145
)
(1,130,000
)
(142,422
)
(121,773
)
(108,610
)
36,525
18,301
244,902
861,562
(623,610
)
895,688
1,505,360
996,503
$
881,750
$
1,892,191
$
146,911
$
14,031
447,864
302,801
115,929
39,167
36,254