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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Loans and leases, including fees $ 1,246,742 $ 926,965 $ 2,117,342 $ 1,899,547
Investment securities        
Fully taxable 119,392 34,456 158,524 71,527
Exempt from federal taxes 17,783 10 17,833 65
Deposits at banks 80,773 8,710 99,053 15,584
Other 452 217 646 597
Total interest income 1,465,142 970,358 2,393,398 1,987,320
Interest expense        
Savings and interest-checking deposits 27,907 8,052 34,654 19,556
Time deposits 1,227 5,084 2,624 12,094
Deposits at Cayman Islands office   16   201
Short-term borrowings 3,419 1 3,420 3
Long-term borrowings 20,872 14,865 36,809 31,731
Total interest expense 53,425 28,018 77,507 63,585
Net interest income 1,411,717 942,340 2,315,891 1,923,735
Provision for credit losses 302,000 (15,000) 312,000 (40,000)
Net interest income after provision for credit losses 1,109,717 957,340 2,003,891 1,963,735
Other income        
Brokerage services income 24,138 10,265 44,328 23,378
Trading account and non-hedging derivative gains 2,293 6,502 7,662 12,786
Loss on bank investment securities (62) (10,655) (805) (22,937)
Other revenues from operations 147,551 112,699 283,754 223,629
Total other income 571,100 513,633 1,111,987 1,019,231
Other expense        
Salaries and employee benefits 776,201 479,134 1,353,721 1,020,212
Equipment and net occupancy 124,655 80,848 210,467 163,319
Outside data processing and software 93,820 74,492 173,539 140,243
FDIC assessments 22,585 17,876 38,161 32,064
Advertising and marketing 20,635 13,364 36,659 27,992
Printing, postage and supplies 15,570 11,133 25,720 20,450
Amortization of core deposit and other intangible assets 18,384 2,737 19,640 5,475
Other costs of operations 331,304 185,761 504,988 375,034
Total other expense 1,403,154 865,345 2,362,895 1,784,789
Income before taxes 277,663 605,628 752,983 1,198,177
Income taxes 60,141 147,559 173,287 292,859
Net income 217,522 458,069 579,696 905,318
Net income available to common shareholders        
Basic 192,236 438,756 531,914 866,848
Diluted $ 192,236 $ 438,759 $ 531,916 $ 866,852
Net income per common share        
Basic $ 1.08 $ 3.41 $ 3.47 $ 6.74
Diluted $ 1.08 $ 3.41 $ 3.45 $ 6.73
Average common shares outstanding        
Basic 177,367 128,671 153,290 128,604
Diluted 178,277 128,842 153,981 128,756
Mortgage Banking Revenues [Member]        
Other income        
Revenue from contract with customer $ 82,926 $ 133,313 $ 192,074 $ 272,067
Service Charges on Deposit Accounts [Member]        
Other income        
Revenue from contract with customer 124,170 98,518 225,677 191,295
Trust Income [Member]        
Other income        
Revenue from contract with customer $ 190,084 $ 162,991 $ 359,297 $ 319,013