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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans and leases, including fees $ 870,600 $ 972,582
Investment securities    
Fully taxable 39,132 37,071
Exempt from federal taxes 50 55
Deposits at banks 18,280 6,874
Other 194 380
Total interest income 928,256 1,016,962
Interest expense    
Savings and interest-checking deposits 6,747 11,504
Time deposits 1,397 7,010
Deposits at Cayman Islands office   185
Short-term borrowings 1 2
Long-term borrowings 15,937 16,866
Total interest expense 24,082 35,567
Net interest income 904,174 981,395
Provision for credit losses 10,000 (25,000)
Net interest income after provision for credit losses 894,174 1,006,395
Other income    
Brokerage services income 20,190 13,113
Trading account and foreign exchange gains 5,369 6,284
Loss on bank investment securities (743) (12,282)
Other revenues from operations 136,203 110,930
Total other income 540,887 505,598
Other expense    
Salaries and employee benefits 577,520 541,078
Equipment and net occupancy 85,812 82,471
Outside data processing and software 79,719 65,751
FDIC assessments 15,576 14,188
Advertising and marketing 16,024 14,628
Printing, postage and supplies 10,150 9,317
Amortization of core deposit and other intangible assets 1,256 2,738
Other costs of operations 173,684 189,273
Total other expense 959,741 919,444
Income before taxes 475,320 592,549
Income taxes 113,146 145,300
Net income 362,174 447,249
Net income available to common shareholders    
Basic 339,589 428,091
Diluted $ 339,590 $ 428,093
Net income per common share    
Basic $ 2.63 $ 3.33
Diluted $ 2.62 $ 3.33
Average common shares outstanding    
Basic 128,945 128,537
Diluted 129,416 128,669
Mortgage Banking Revenues [Member]    
Other income    
Revenue from contract with customer $ 109,148 $ 138,754
Service Charges on Deposit Accounts [Member]    
Other income    
Revenue from contract with customer 101,507 92,777
Trust Income [Member]    
Other income    
Revenue from contract with customer $ 169,213 $ 156,022