Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summarized financial information concerning the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables:

	Three Months Ended September 30, 2020
(in thousands)	Wholesale Bank		Wealth Management		Retail Bank		Home Lending		Corporate & Other (2)		Consolidated
Net interest income	$	118,913	$	5,777	$	57,938	$	17,937	$	16,009	$	216,574
Provision (recapture) for credit losses	5,999		(572)		(78)		(5,753)		66		(338)
Non-interest income	15,298		4,007		18,481		90,593		3,545		131,924
Non-interest expense	60,935		8,050		58,666		49,014		13,542		190,207
Income before income taxes	67,277		2,306		17,831		65,269		5,946		158,629
Provision (benefit) for income taxes (1)	14,317		577		3,795		16,317		(1,248)		33,758
Net income	$	52,960	$	1,729	$	14,036	$	48,952	$	7,194	$	124,871
Notable fair value adjustments included in non-interest income:
Residential mortgage servicing rights	$	—	$	—	$	—	$	(17,122)	$	—	$	(17,122)
Interest rate swaps	1,765		—		—		—		—		1,765

(1) The Wholesale Bank and Retail Bank do not have the standard tax rate of 25% allocated in 2020 due to the impact of the goodwill impairment on these reporting units.

(2) The Corporate & Other segment reflects the recording of the deferred fees and costs on loans originated during the period, as the loan fees and costs are reflected within net interest income and non-interest expense, respectively, upon loan origination for the Wholesale Bank, Retail Bank, Home Lending, and Wealth Management segments.

	Nine Months Ended September 30, 2020
(in thousands)	Wholesale Bank		Wealth Management		Retail Bank		Home Lending		Corporate & Other (2)		Consolidated
Net interest income (loss)	$	422,622	$	16,837	$	208,453	$	49,465	$	(49,765)	$	647,612
Provision for credit losses	187,766		3,917		7,715		5,294		140		204,832
Non-interest income	29,635		12,865		43,566		192,323		9,660		288,049
Goodwill impairment	1,033,744		—		751,192		—		—		1,784,936
Non-interest expense (excluding goodwill impairment)	179,762		24,374		178,333		133,373		33,997		549,839
(Loss) income before income taxes	(949,015)		1,411		(685,221)		103,121		(74,242)		(1,603,946)
Provision (benefit) for income taxes (1)	41,538		353		29,992		25,780		(27,459)		70,204
Net (loss) income	$	(990,553)	$	1,058	$	(715,213)	$	77,341	$	(46,783)	$	(1,674,150)
Notable fair value adjustments included in non-interest income:
Residential mortgage servicing rights	$	—	$	—	$	—	$	(59,246)	$	—	$	(59,246)
Interest rate swaps	(13,364)		—		—		—		—		(13,364)

(1) The Wholesale Bank and Retail Bank do not have the standard tax rate of 25% allocated in 2020 due to the impact of the goodwill impairment on these reporting units.

(2) The Corporate & Other segment reflects the recording of the deferred fees and costs on loans originated during the period, as the loan fees and costs are reflected within net interest income and non-interest expense, respectively, upon loan origination for the Wholesale Bank, Retail Bank, Home Lending, and Wealth Management segments.

	Three Months Ended September 30, 2019
(in thousands)	Wholesale Bank		Wealth Management		Retail Bank		Home Lending		Corporate & Other		Consolidated
Net interest income	$	113,151	$	5,491	$	82,130	$	13,039	$	15,162	$	228,973
Provision for loan and lease losses	20,807		5		1,242		904		269		23,227
Non-interest income	16,275		4,713		15,974		47,161		4,389		88,512
Non-interest expense	60,663		10,003		64,586		36,750		11,588		183,590
Income before income taxes	47,956		196		32,276		22,546		7,694		110,668
Provision for income taxes	11,989		49		8,069		5,637		422		26,166
Net income	$	35,967	$	147	$	24,207	$	16,909	$	7,272	$	84,502
Notable fair value adjustments included in non-interest income:
Residential mortgage servicing rights	$	—	$	—	$	—	$	4,210	$	—	$	4,210
Interest rate swaps	(2,281)		—		—		—		—		(2,281)

	Nine Months Ended September 30, 2019
(in thousands)	Wholesale Bank		Wealth Management		Retail Bank		Home Lending		Corporate & Other		Consolidated
Net interest income	$	333,953	$	17,964	$	254,985	$	33,793	$	53,125	$	693,820
Provision for loan and lease losses	50,190		826		2,584		1,953		710		56,263
Non-interest income	39,287		13,953		47,036		68,067		87,732		256,075
Non-interest expense	172,852		28,496		193,568		98,496		42,185		535,597
Income before income taxes	150,198		2,595		105,869		1,411		97,962		358,035
Provision for income taxes	37,549		649		26,467		353		22,672		87,690
Net income	$	112,649	$	1,946	$	79,402	$	1,058	$	75,290	$	270,345
Notable fair value adjustments included in non-interest income:
Residential mortgage servicing rights	$	—	$	—	$	—	$	(34,414)	$	—	$	(34,414)
Interest rate swaps	(8,712)		—		—		—		—		(8,712)

	September 30, 2020
(in thousands)	Wholesale Bank		Wealth Management		Retail Bank		Home Lending		Corporate & Other		Consolidated
Total assets	$	17,009,192	$	776,171	$	1,596,435	$	4,356,884	$	5,698,759	$	29,437,441
Total loans and leases	$	16,675,987	$	756,715	$	1,510,440	$	3,533,990	$	(50,659)	$	22,426,473
Total deposits	$	5,375,438	$	1,281,811	$	15,461,369	$	576,003	$	1,975,162	$	24,669,783

	December 31, 2019
(in thousands)	Wholesale Bank		Wealth Management		Retail Bank		Home Lending		Corporate & Other		Consolidated
Total assets	$	15,404,164	$	710,873	$	1,753,682	$	4,423,869	$	6,554,221	$	28,846,809
Total loans and leases	$	15,119,857	$	693,569	$	1,671,472	$	3,768,584	$	(57,798)	$	21,195,684
Total deposits	$	4,462,630	$	1,221,869	$	13,548,089	$	279,226	$	2,969,690	$	22,481,504