XML 119 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income:          
Loans and leases $ 383,430 $ 391,911 $ 1,542,215 $ 1,553,004 $ 1,467,944
Securities and money market investments 39,678 49,131 165,778 252,156 221,729
Total interest income 423,108 441,042 1,707,993 1,805,160 1,689,673
Interest Expense:          
Interest-bearing checking and money market accounts 8,652 28,564 56,939 174,347 167,972
Savings accounts 6,255 8,934 31,650 35,705 28,994
Certificates of deposit 18,471 79,555 217,413 320,234 182,383
Borrowed funds 72,071 79,522 301,849 317,474 279,329
Total interest expense 105,449 196,575 607,851 847,760 658,678
Net interest income 317,659 244,467 1,100,142 957,400 1,030,995
Provision for credit losses 3,569 20,601 62,228 7,105 18,256
Net interest income after provision for credit loan losses 314,090 223,866 1,037,914 950,295 1,012,739
Non-Interest Income:          
Fee income 5,539 7,018 22,026 29,297 29,765
Bank-owned life insurance 6,890 7,389 31,750 28,363 28,252
Net gain (loss) on securities (483) 534 1,265 7,725 (1,994)
Other 2,461 1,958 6,039 18,845 35,535
Total non-interest income 14,407 16,899 61,080 84,230 91,558
Operating expenses:          
Compensation and benefits 78,026 79,451 300,914 301,697 317,496
Occupancy and equipment 21,481 17,875 85,887 89,174 100,107
General and administrative 32,894 28,196 124,389 120,347 129,025
Total non-interest expense 132,401 125,522 511,190 511,218 546,628
Income before income taxes 196,096 115,243 587,804 523,307 557,669
Income tax expense 50,500 14,915 76,695 128,264 135,252
Net income 145,596 100,328 511,109 395,043 422,417
Preferred stock dividends 8,207 8,207 32,828 32,828 32,828
Net income available to common shareholders $ 137,389 $ 92,121 $ 478,281 $ 362,215 $ 389,589
Basic earnings per common share $ 0.29 $ 0.20 $ 1.02 $ 0.77 $ 0.79
Diluted earnings per common share $ 0.29 $ 0.20 $ 1.02 $ 0.77 $ 0.79
Net income $ 145,596 $ 100,328 $ 511,109 $ 395,043 $ 422,417
Other comprehensive income (loss), net of tax:          
Change in net unrealized gain (loss) on securities available for sale, net of tax (108,689) (12,157) 41,935 45,934 (50,553)
Change in pension and post-retirement obligations, net of tax 3,271 45 (5,359) 4,756 (27,113)
Change in net unrealized (loss) gain on cash flow hedges, net of tax 3,287 (35,888) (42,397) 964  
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax   (543) (495) (3,918) 10
Reclassification adjustment for defined benefit pension plan, net of tax 1,219 1,288 5,150 7,185 5,170
Reclassification adjustment for net gain on cash flow hedges included in net income, net of tax 4,274 (467) 8,531 (111)  
Total other comprehensive income (loss), net of tax (96,638) (47,722) 7,365 54,810 (72,486)
Total comprehensive income, net of tax $ 48,958 $ 52,606 $ 518,474 $ 449,853 $ 349,931