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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Loans and leases, including fees $ 944,422 $ 956,594 $ 2,843,969 $ 2,983,787
Investment securities        
Fully taxable 33,209 38,529 104,736 135,858
Exempt from federal taxes 48 59 113 163
Deposits at banks 14,923 4,163 30,507 27,308
Other 344 1,816 941 6,706
Total interest income 992,946 1,001,161 2,980,266 3,153,822
Interest expense        
Savings and interest-checking deposits 7,000 22,403 26,556 126,859
Time deposits 3,573 14,519 15,667 56,274
Deposits at Cayman Islands office   241 201 3,821
Short-term borrowings 2 1 5 26
Long-term borrowings 15,121 20,902 46,852 89,805
Total interest expense 25,696 58,066 89,281 276,785
Net interest income 967,250 943,095 2,890,985 2,877,037
Provision for credit losses (20,000) 150,000 (60,000) 725,000
Net interest income after provision for credit losses 987,250 793,095 2,950,985 2,152,037
Other income        
Brokerage services income 20,490 11,602 43,868 35,194
Trading account and foreign exchange gains 5,563 4,026 18,349 33,332
Gain (loss) on bank investment securities 291 2,773 (22,646) (11,040)
Other revenues from operations 120,485 107,601 344,114 327,967
Total other income 569,126 520,561 1,588,357 1,537,194
Other expense        
Salaries and employee benefits 510,422 478,897 1,530,634 1,474,582
Equipment and net occupancy 80,738 81,080 244,057 237,809
Outside data processing and software 72,782 64,660 213,025 190,446
FDIC assessments 18,810 12,121 50,874 38,599
Advertising and marketing 15,208 11,855 43,200 44,072
Printing, postage and supplies 7,917 9,422 28,367 31,534
Amortization of core deposit and other intangible assets 2,738 3,914 8,213 11,740
Other costs of operations 190,719 164,825 565,753 511,450
Total other expense 899,334 826,774 2,684,123 2,540,232
Income before taxes 657,042 486,882 1,855,219 1,148,999
Income taxes 161,582 114,746 454,441 266,987
Net income 495,460 372,136 1,400,778 882,012
Net income available to common shareholders        
Basic 475,958 353,399 1,342,805 827,203
Diluted $ 475,961 $ 353,400 $ 1,342,812 $ 827,204
Net income per common share        
Basic $ 3.70 $ 2.75 $ 10.44 $ 6.42
Diluted $ 3.69 $ 2.75 $ 10.43 $ 6.42
Average common shares outstanding        
Basic 128,689 128,285 128,632 128,750
Diluted 128,844 128,355 128,786 128,813
Mortgage Banking Revenues [Member]        
Other income        
Revenue from contract with customer $ 159,995 $ 153,267 $ 432,062 $ 426,200
Service Charges on Deposit Accounts [Member]        
Other income        
Revenue from contract with customer 105,426 91,355 296,721 274,971
Trust Income [Member]        
Other income        
Revenue from contract with customer $ 156,876 $ 149,937 $ 475,889 $ 450,570