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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
INTEREST AND DIVIDEND INCOME    
Loans receivable, including fees $ 423,534 $ 337,904
Available-for-sale investment securities 15,748 15,456
Resale agreements 7,846 6,934
Restricted equity securities 713 634
Interest-bearing cash and deposits with banks 15,470 10,945
Total interest and dividend income 463,311 371,873
INTEREST EXPENSE    
Deposits 92,005 39,136
Federal funds purchased and other short-term borrowings 616 7
FHLB advances 2,979 2,260
Repurchase agreements 3,492 2,306
Long-term debt and finance lease liabilities 1,758 1,471
Total interest expense 100,850 45,180
Net interest income before provision for credit losses 362,461 326,693
Provision for credit losses 22,579 20,218
Net interest income after provision for credit losses 339,882 306,475
NONINTEREST INCOME    
Lending fees 14,796 14,012
Deposit account fees 9,641 10,430
Foreign exchange income 5,015 1,171
Wealth management fees 3,812 2,953
Interest rate contracts and other derivative income 3,216 6,690
Net gains on sales of loans 915 1,582
Net gains on sales of available-for-sale investment securities 1,561 2,129
Net gain on sale of business 0 31,470
Other income 3,175 4,007
Total noninterest income 42,131 74,444
NONINTEREST EXPENSE    
Compensation and employee benefits 102,299 95,234
Occupancy and equipment expense 17,318 16,880
Deposit insurance premiums and regulatory assessments 3,088 6,273
Legal expense 2,225 2,255
Data processing 3,157 3,401
Consulting expense 2,059 2,352
Deposit related expense 3,504 2,679
Computer software expense 6,078 5,054
Other operating expense 22,289 17,607
Amortization of tax credit and other investments 24,905 17,400
Total noninterest expense 186,922 169,135
INCOME BEFORE INCOME TAXES 195,091 211,784
INCOME TAX EXPENSE 31,067 24,752
NET INCOME $ 164,024 $ 187,032
EARNINGS PER SHARE (“EPS”)    
BASIC (in dollars per share) $ 1.13 $ 1.29
DILUTED (in dollars per share) $ 1.12 $ 1.28
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING    
BASIC (in shares) 145,256 144,664
DILUTED (in shares) 145,921 145,939