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Consolidated Statement of Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST AND DIVIDEND INCOME      
Loans receivable, including fees $ 1,464,382,000 $ 1,717,415,000 $ 1,503,514,000
AFS debt securities 82,553,000 67,838,000 60,911,000
Resale agreements 21,389,000 28,061,000 29,432,000
Restricted equity securities 1,543,000 2,468,000 3,146,000
Interest-bearing cash and deposits with banks 25,175,000 66,518,000 54,700,000
Total interest and dividend income 1,595,042,000 1,882,300,000 1,651,703,000
INTEREST EXPENSE      
Deposits 184,742,000 375,802,000 234,752,000
Short-term borrowings 1,504,000 1,763,000 1,398,000
FHLB advances 13,792,000 16,697,000 10,447,000
Repurchase agreements 11,766,000 13,582,000 12,110,000
Long-term debt and finance lease liabilities 6,045,000 6,643,000 6,488,000
Total interest expense 217,849,000 414,487,000 265,195,000
Net interest income before provision for credit losses 1,377,193,000 1,467,813,000 1,386,508,000
Provision for credit losses 210,653,000 98,685,000 64,255,000
Net interest income after provision for credit losses 1,166,540,000 1,369,128,000 1,322,253,000
NONINTEREST INCOME      
Lending fees 74,842,000 63,670,000 59,758,000
Deposit account fees 48,148,000 38,648,000 39,176,000
Interest rate contracts and other derivative income 31,685,000 39,865,000 18,980,000
Foreign exchange income 22,370,000 26,398,000 21,259,000
Wealth management fees 17,494,000 16,547,000 13,624,000
Net gains on sales of loans 4,501,000 4,035,000 6,590,000
Net gains on sales of AFS debt securities 12,299,000 3,930,000 2,535,000
Net gain on sale of business 0 0 31,470,000
Other investment income 10,641,000 18,117,000 7,731,000
Other income 13,567,000 11,035,000 16,310,000
Total noninterest income 235,547,000 222,245,000 217,433,000
NONINTEREST EXPENSE      
Compensation and employee benefits 404,071,000 401,700,000 379,622,000
Occupancy and equipment expense 66,489,000 69,730,000 68,896,000
Deposit insurance premiums and regulatory assessments 15,128,000 12,928,000 21,211,000
Deposit account expense 13,530,000 14,175,000 11,244,000
Data processing 16,603,000 13,533,000 13,177,000
Computer software expense 29,033,000 26,471,000 22,286,000
Consulting expense 5,391,000 9,846,000 11,579,000
Legal expense 7,766,000 8,441,000 8,781,000
Other operating expense 79,489,000 92,249,000 88,042,000
Amortization of tax credit and other investments 70,082,000 98,383,000 96,152,000
Repurchase agreements’ extinguishment cost 8,740,000 0 0
Total noninterest expense 716,322,000 747,456,000 720,990,000
INCOME BEFORE INCOME TAXES 685,765,000 843,917,000 818,696,000
INCOME TAX EXPENSE 117,968,000 169,882,000 114,995,000
NET INCOME $ 567,797,000 $ 674,035,000 $ 703,701,000
EARNINGS PER SHARE (“EPS”)      
BASIC (in dollars per share) $ 3.99 $ 4.63 $ 4.86
DILUTED (in dollars per share) $ 3.97 $ 4.61 $ 4.81
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING      
BASIC (in shares) 142,336 145,497 144,862
DILUTED (in shares) 142,991 146,179 146,169