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Consolidated Statement of Income - Unaudited - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 352,453 $ 367,393 $ 694,461 $ 779,262
AFS debt securities 34,690 21,004 63,790 41,146
Resale agreements 8,021 5,514 14,120 11,139
Restricted equity securities 541 301 1,088 747
Interest-bearing cash and deposits with banks 3,628 4,564 7,260 15,672
Total interest and dividend income 399,333 398,776 780,719 847,966
INTEREST EXPENSE        
Deposits 17,998 46,399 39,820 122,802
Short-term borrowings 0 265 42 821
FHLB advances 2,099 3,343 5,168 7,509
Repurchase agreements 1,991 3,540 3,969 7,531
Long-term debt and finance lease liabilities 772 1,454 1,552 2,821
Total interest expense 22,860 55,001 50,551 141,484
Net interest income before provision for credit losses 376,473 343,775 730,168 706,482
(Reversal of) provision for credit losses (15,000) 102,443 (15,000) 176,313
Net interest income after provision for credit losses 391,473 241,332 745,168 530,169
NONINTEREST INCOME        
Lending fees 21,092 21,946 39,449 37,719
Deposit account fees 17,342 10,872 32,725 21,319
Interest rate contracts and other derivative (loss) income (3,172) 6,107 13,825 13,180
Foreign exchange income 13,007 4,562 22,533 12,381
Wealth management fees 7,951 3,091 14,862 8,444
Net gains on sales of loans 1,491 132 3,272 1,082
Gains on sales of AFS debt securities 632 9,640 824 11,169
Other investment income (expense) 7,596 (1,964) 8,521 1,414
Other income 2,492 1,321 5,286 4,505
Total noninterest income 68,431 55,707 141,297 111,213
NONINTEREST EXPENSE        
Compensation and employee benefits 105,426 96,955 213,234 198,915
Occupancy and equipment expense 15,377 16,217 31,299 33,293
Deposit insurance premiums and regulatory assessments 4,274 3,700 8,150 7,127
Deposit account expense 3,817 3,353 7,709 6,916
Data processing 4,035 4,480 8,513 8,306
Computer software expense 7,521 7,301 14,680 13,467
Consulting expense 1,868 1,413 3,343 2,630
Legal expense 1,975 1,530 3,477 4,727
Other operating expense 17,939 19,248 37,546 40,367
Amortization of tax credit and other investments 27,291 21,829 52,649 40,611
Repurchase agreements’ extinguishment costs 0 8,740 0 8,740
Total noninterest expense 189,523 184,766 380,600 365,099
INCOME BEFORE INCOME TAXES 270,381 112,273 505,865 276,283
INCOME TAX EXPENSE 45,639 12,921 76,129 32,107
NET INCOME $ 224,742 $ 99,352 $ 429,736 $ 244,176
EARNINGS PER SHARE (“EPS”)        
BASIC (in dollars per share) $ 1.58 $ 0.70 $ 3.03 $ 1.71
DILUTED (in dollars per share) $ 1.57 $ 0.70 $ 3.01 $ 1.70
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING        
BASIC (in shares) 141,868 141,486 141,758 143,150
DILUTED (in shares) 143,040 141,827 142,963 143,560