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Consolidated Statement of Income (Unaudited) - 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 income        
Loans and leases, including fees $ 1,997,809 $ 1,246,742 $ 3,847,465 $ 2,117,342
Investment securities        
Fully taxable 197,882 119,392 379,469 158,524
Exempt from federal taxes 16,505 17,783 33,116 17,833
Deposits at banks 302,429 80,773 580,846 99,053
Other 1,000 452 1,714 646
Total interest income 2,515,625 1,465,142 4,842,610 2,393,398
Interest expense        
Savings and interest-checking deposits 368,362 27,907 645,430 34,654
Time deposits 150,337 1,227 239,534 2,624
Short-term borrowings 95,996 3,419 153,772 3,420
Long-term borrowings 101,801 20,872 186,481 36,809
Total interest expense 716,496 53,425 1,225,217 77,507
Net interest income 1,799,129 1,411,717 3,617,393 2,315,891
Provision for credit losses 150,000 302,000 270,000 312,000
Net interest income after provision for credit losses 1,649,129 1,109,717 3,347,393 2,003,891
Other income        
Brokerage services income 25,126 24,138 49,167 44,328
Trading account and other non-hedging derivative gains 16,754 2,293 28,429 7,662
Gain (loss) on bank investment securities 1,004 (62) 588 (805)
Other revenues from operations 362,015 147,551 521,515 283,754
Total other income 803,171 571,100 1,390,304 1,111,987
Other expense        
Salaries and employee benefits 737,665 776,201 1,545,607 1,353,721
Equipment and net occupancy 128,689 124,655 255,593 210,467
Outside data processing and software 106,438 93,820 212,218 173,539
FDIC assessments 27,932 22,585 57,690 38,161
Advertising and marketing 28,353 20,635 59,416 36,659
Printing, postage and supplies 14,199 15,570 28,382 25,720
Amortization of core deposit and other intangible assets 14,945 18,384 32,153 19,640
Other costs of operations 234,338 331,304 460,730 504,988
Total other expense 1,292,559 1,403,154 2,651,789 2,362,895
Income before taxes 1,159,741 277,663 2,085,908 752,983
Income taxes 292,707 60,141 517,250 173,287
Net income 867,034 217,522 1,568,658 579,696
Net income available to common shareholders        
Basic 840,520 192,236 1,516,046 531,914
Diluted $ 840,524 $ 192,236 $ 1,516,052 $ 531,916
Net income per common share        
Basic $ 5.07 $ 1.08 $ 9.09 $ 3.47
Diluted $ 5.05 $ 1.08 $ 9.06 $ 3.45
Average common shares outstanding        
Basic 165,842 177,367 166,782 153,290
Diluted 166,320 178,277 167,359 153,981
Mortgage Banking Revenues [Member]        
Other income        
Revenue from contract with customer $ 107,112 $ 82,926 $ 192,097 $ 192,074
Service Charges on Deposit Accounts [Member]        
Other income        
Revenue from contract with customer 118,697 124,170 232,243 225,677
Trust Income [Member]        
Other income        
Revenue from contract with customer $ 172,463 $ 190,084 $ 366,265 $ 359,297