Exhibit 99
GAAP RECONCILIATION
Year Ended December 31, | ||||||||||||||||
(Dollars in thousands) | 2015 | 2014 | 2013 | 2012 | ||||||||||||
Net income | $ | 229,484 | $ | 237,951 | $ | 183,684 | $ | 134,106 | ||||||||
Adjustments to net income, net of tax | ||||||||||||||||
Plus: Branch closure costs | 1,932 | 2,568 | 676 | — | ||||||||||||
Acquisition related charges | — | 706 | 48,786 | 1,972 | ||||||||||||
Restructure expenses | 949 | 564 | — | — | ||||||||||||
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Total adjusted charges | 2,881 | 3,838 | 49,462 | 1,972 | ||||||||||||
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Adjusted net income (non-GAAP) | $ | 232,365 | $ | 241,789 | $ | 233,146 | $ | 136,078 | ||||||||
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Average assets (GAAP) | $ | 25,155,792 | $ | 24,418,211 | $ | 21,489,775 | $ | 14,620,627 | ||||||||
Average equity (GAAP) | $ | 2,903,160 | $ | 2,790,139 | $ | 2,408,865 | $ | 1,608,108 | ||||||||
Less: Average intangible assets | 65,767 | 76,821 | 64,641 | 7,276 | ||||||||||||
Average goodwill | 741,740 | 741,740 | 662,402 | 460,044 | ||||||||||||
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Average tangible equity (non-GAAP) | $ | 2,095,653 | $ | 1,971,578 | $ | 1,681,822 | $ | 1,140,788 | ||||||||
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Return on average assets | 0.91 | % | 0.97 | % | 0.85 | % | 0.92 | % | ||||||||
Adjusted return on average assets, net of adjusted charges (non-GAAP) | 0.92 | % | 0.99 | % | 1.08 | % | 0.93 | % | ||||||||
Return on average equity | 7.90 | % | 8.53 | % | 7.63 | % | 8.34 | % | ||||||||
Adjusted return on average equity, net of adjusted charges (non-GAAP) | 8.00 | % | 8.67 | % | 9.68 | % | 8.46 | % | ||||||||
Return on average tangible equity (non-GAAP) | 10.95 | % | 12.07 | % | 10.92 | % | 11.76 | % | ||||||||
Adjusted return on average tangible equity, net of adjusted charges (non-GAAP) | 11.09 | % | 12.26 | % | 13.86 | % | 11.93 | % |