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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans and leases, including fees $ 926,965 $ 980,372 $ 1,899,547 $ 2,027,193
Investment securities        
Fully taxable 34,456 47,219 71,527 97,329
Exempt from federal taxes 10 29 65 104
Deposits at banks 8,710 4,179 15,584 23,145
Other 217 443 597 4,890
Total interest income 970,358 1,032,242 1,987,320 2,152,661
Interest expense        
Savings and interest-checking deposits 8,052 26,454 19,556 104,456
Time deposits 5,084 19,883 12,094 41,755
Deposits at Cayman Islands office 16 161 201 3,580
Short-term borrowings 1 2 3 25
Long-term borrowings 14,865 28,605 31,731 68,903
Total interest expense 28,018 75,105 63,585 218,719
Net interest income 942,340 957,137 1,923,735 1,933,942
Provision for credit losses (15,000) 325,000 (40,000) 575,000
Net interest income after provision for credit losses 957,340 632,137 1,963,735 1,358,942
Other income        
Brokerage services income 10,265 10,463 23,378 23,592
Trading account and foreign exchange gains 6,502 8,290 12,786 29,306
Gain (loss) on bank investment securities (10,655) 6,969 (22,937) (13,813)
Other revenues from operations 112,699 87,190 223,629 220,366
Total other income 513,633 487,273 1,019,231 1,016,633
Other expense        
Salaries and employee benefits 479,134 458,842 1,020,212 995,685
Equipment and net occupancy 80,848 77,089 163,319 156,729
Outside data processing and software 74,492 61,376 140,243 125,786
FDIC assessments 17,876 14,207 32,064 26,478
Advertising and marketing 13,364 9,842 27,992 32,217
Printing, postage and supplies 11,133 11,260 20,450 22,112
Amortization of core deposit and other intangible assets 2,737 3,913 5,475 7,826
Other costs of operations 185,761 170,513 375,034 346,625
Total other expense 865,345 807,042 1,784,789 1,713,458
Income before taxes 605,628 312,368 1,198,177 662,117
Income taxes 147,559 71,314 292,859 152,241
Net income 458,069 241,054 905,318 509,876
Net income available to common shareholders        
Basic 438,756 223,098 866,848 473,794
Diluted $ 438,759 $ 223,099 $ 866,852 $ 473,795
Net income per common share        
Basic $ 3.41 $ 1.74 $ 6.74 $ 3.67
Diluted $ 3.41 $ 1.74 $ 6.73 $ 3.67
Average common shares outstanding        
Basic 128,671 128,275 128,604 128,986
Diluted 128,842 128,333 128,756 129,044
Mortgage Banking Revenues [Member]        
Other income        
Revenue from contract with customer $ 133,313 $ 145,024 $ 272,067 $ 272,933
Service Charges on Deposit Accounts [Member]        
Other income        
Revenue from contract with customer 98,518 77,455 191,295 183,616
Trust Income [Member]        
Other income        
Revenue from contract with customer $ 162,991 $ 151,882 $ 319,013 $ 300,633