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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income        
Loans and leases, including fees $ 2,061,570 $ 1,455,612 $ 5,909,035 $ 3,572,954
Investment securities        
Fully taxable 199,187 135,766 578,656 294,290
Exempt from federal taxes 16,425 16,555 49,541 34,388
Deposits at banks 362,840 172,956 943,686 272,009
Other 1,377 624 3,091 1,270
Total interest income 2,641,399 1,781,513 7,484,009 4,174,911
Interest expense        
Savings and interest-checking deposits 494,219 68,690 1,139,649 103,344
Time deposits 201,541 1,124 441,075 3,748
Short-term borrowings 69,481 2,670 223,253 6,090
Long-term borrowings 100,770 30,338 287,251 67,147
Total interest expense 866,011 102,822 2,091,228 180,329
Net interest income 1,775,388 1,678,691 5,392,781 3,994,582
Provision for credit losses 150,000 115,000 420,000 427,000
Net interest income after provision for credit losses 1,625,388 1,563,691 4,972,781 3,567,582
Other income        
Brokerage services income 26,988 21,086 76,155 65,414
Trading account and other non-hedging derivative gains 9,379 5,081 37,808 12,743
Gain (loss) on bank investment securities (235) (1,108) 353 (1,913)
Other revenues from operations 142,519 153,189 664,034 436,943
Total other income 559,581 563,079 1,949,885 1,675,066
Other expense        
Salaries and employee benefits 726,940 736,354 2,272,547 2,090,075
Equipment and net occupancy 130,842 127,117 386,435 337,584
Outside data processing and software 110,691 95,068 322,909 268,607
FDIC assessments 29,364 28,105 87,054 66,266
Advertising and marketing 22,898 21,398 82,314 58,057
Printing, postage and supplies 13,964 14,768 42,346 40,488
Amortization of core deposit and other intangible assets 14,946 18,384 47,099 38,024
Other costs of operations 227,893 238,059 688,623 743,047
Total other expense 1,277,538 1,279,253 3,929,327 3,642,148
Income before taxes 907,431 847,517 2,993,339 1,600,500
Income taxes 217,490 200,921 734,740 374,208
Net income 689,941 646,596 2,258,599 1,226,292
Net income available to common shareholders        
Basic 663,763 620,549 2,179,802 1,152,400
Diluted $ 663,766 $ 620,554 $ 2,179,812 $ 1,152,406
Net income per common share        
Basic $ 4 $ 3.55 $ 13.09 $ 7.18
Diluted $ 3.98 $ 3.53 $ 13.05 $ 7.14
Average common shares outstanding        
Basic 165,909 174,609 166,488 160,474
Diluted 166,570 175,682 167,093 161,295
Mortgage Banking Revenues [Member]        
Other income        
Revenue from contract with customer $ 104,478 $ 83,041 $ 296,575 $ 275,115
Service Charges on Deposit Accounts [Member]        
Other income        
Revenue from contract with customer 121,360 115,213 353,603 340,890
Trust Income [Member]        
Other income        
Revenue from contract with customer $ 155,092 $ 186,577 $ 521,357 $ 545,874