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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 771,264 $ 439,416 $ 1,499,650 $ 816,526
Debt securities 68,970 46,176 134,901 88,843
Resale agreements 3,969 8,553 8,472 16,936
Restricted equity securities 936 822 1,975 1,431
Interest-bearing cash and deposits with banks 60,995 4,787 96,642 8,047
Total interest and dividend income 906,134 499,754 1,741,640 931,783
INTEREST EXPENSE        
Deposits 287,477 22,488 504,271 35,477
Federal funds purchased and other short-term borrowings 49,032 241 57,857 250
Federal Home Loan Bank (“FHLB”) advances 0 559 6,430 1,137
Repurchase agreements 211 2,418 1,263 4,434
Long-term debt and finance lease liabilities 2,668 1,096 5,212 1,920
Total interest expense 339,388 26,802 575,033 43,218
Net interest income before provision for credit losses 566,746 472,952 1,166,607 888,565
Provision for credit losses 26,000 13,500 46,000 21,500
Net interest income after provision for credit losses 540,746 459,452 1,120,607 867,065
NONINTEREST INCOME        
Lending fees 20,901 20,142 41,487 39,580
Deposit account fees 22,285 22,372 43,988 42,687
Interest rate contracts and other derivative income 7,373 9,801 9,937 20,934
Foreign exchange income 13,251 11,361 25,911 24,060
Wealth management fees 6,889 6,539 13,193 12,591
Net (losses) gains on sales of loans (7) 917 (29) 3,839
Net gains (losses) on AFS debt securities 0 28 (10,000) 1,306
Other investment income 4,003 4,863 5,924 6,490
Other income 3,936 2,421 8,198 6,700
Total noninterest income 78,631 78,444 138,609 158,187
NONINTEREST EXPENSE        
Compensation and employee benefits 124,937 113,364 254,591 229,633
Occupancy and equipment expense 16,088 15,469 31,675 30,933
Deposit insurance premiums and regulatory assessments 8,262 4,927 16,172 9,644
Deposit account expense 10,559 5,671 20,168 10,364
Data processing 3,213 3,486 6,560 7,151
Computer software expense 7,479 6,572 14,839 13,866
Other operating expense 35,337 32,392 70,207 55,840
Amortization of tax credit and other investments 55,914 14,979 66,024 28,879
Noninterest expense 261,789 196,860 480,236 386,310
INCOME BEFORE INCOME TAXES 357,588 341,036 778,980 638,942
INCOME TAX EXPENSE 45,557 82,707 144,510 142,961
NET INCOME $ 312,031 $ 258,329 $ 634,470 $ 495,981
EARNINGS PER SHARE (“EPS”)        
BASIC (in dollars per share) $ 2.21 $ 1.83 $ 4.49 $ 3.50
DILUTED (in dollars per share) $ 2.20 $ 1.81 $ 4.47 $ 3.47
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING        
BASIC (in shares) 141,468 141,429 141,291 141,725
DILUTED (in shares) 141,876 142,372 141,910 142,838