| Non-GAAP Disclosure Reconciliations (continued) 18 Pre-Tax, Pre-Provision Operating Earnings (in thousands) Three Months Ended March 31, 2008 2009 2010 2011 2012 (Loss) income before income taxes (7,830) $ (77,844) $ 20,552 $ 43,996 $ 29,516 $ Provision for credit losses 125,721 231,800 246,200 120,750 3,100 Pre-tax, pre-provision earnings 117,891 153,956 266,752 164,746 32,616 Tax equivalent adjustment on tax-exempt interest income 9,890 10,625 10,458 13,188 4,756 2,853 1,324 1,893 2,357 494 Pre-tax, pre-provision earnings on a fully tax equivalent basis 130,634 165,905 279,103 180,291 37,866 Non-core other income Net gains (losses) on other real estate owned 455 (429) (9,284) (13,613) (6,589) Net gains (losses) on securities available for sale 1,130 14,029 18,648 640 (3) Net (loss) gain on sale of other assets (1,104) (13) 630 283 (17) Net gain on sale of loans held for sale - - - 1,790 - Acquisition related gains - 28,547 62,649 - - (Decrease) increase in market value of assets held in trust for deferred compensation (1,657) 710 562 (40) 501 Total non-core other income (1,176) 42,844 73,205 (10,940) (6,108) Non-core other expense FDIC special assessment - 3,850 - - - Impairment charges - 4,000 - 1,594 - (Decrease) increase in market value of assets held in trust for deferred compensation (1,657) 710 562 (40) 501 Total non-core other expense (1,657) 8,560 562 1,554 501 Pre-tax, pre-provision operating earnings 130,153 $ 131,621 $ 206,460 $ 192,785 $ 44,475 $ Average Assets 8,240,344 $ 9,777,288 $ 10,506,028 $ 9,956,133 $ 9,736,702 $ Annualized pre-tax, pre-provision operating earnings to average assets 1.58% 1.35% 1.97% 1.94% 1.84% Tax equivalent adjustment on the increase in cash surrender value of life insurance |