Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

2023 Pay Versus Performance Table

The table below reports the compensation of our CEO and the average compensation of the other NEOs as reported in the Summary Compensation Table for the past four fiscal years, as well as their “compensation actually paid” (or “CAP”) as calculated pursuant to recently adopted SEC rules, and certain performance measures required by the rules.

							Average Summary Compensation Table Total for Non-CEO Named Executive Officers ($)(2)			Average Compensation Actually Paid to Non-CEO Named Executive Officers ($)(2)(3)			Value of Initial Fixed $100 Investment Based on:
Year	Summary Compensation Table Total for CEO ($)(1)			Compensation Actually Paid to CEO ($)(1)(3)									Total Shareholder Return ($)			Peer Group Total Shareholder Return ($)(4)			Net Income ($) (millions)			Growth in Tangible Book Value (%)(5)
2023		$	5,416,463		$	5,782,420		$	1,789,482		$	1,987,653		$	113		$	116		$	499		13.45	%
2022		$	6,010,335		$	4,461,048		$	2,609,674		$	2,462,181		$	112		$	116		$	569		17.47	%
2021		$	5,349,830		$	7,640,559		$	1,789,527		$	2,707,854		$	131		$	125		$	474		16.23	%
2020		$	4,879,048		$	3,682,555		$	1,737,946		$	1,569,427		$	90		$	91		$	391		13.31	%

(1) Reflects compensation for Ira Robbins, who served as our CEO in 2020, 2021, 2022, and 2023.

(2) Reflects compensation for our other NEOs as follows:

• 2020: Michael D. Hagedorn, Thomas A. Iadanza, Ronald H. Janis and Robert J. Bardusch

• 2021: Michael D. Hagedorn, Thomas A. Iadanza, Ronald H. Janis and Joseph V. Chillura

• 2022: Michael D. Hagedorn, Thomas A. Iadanza, Raja A. Dakkuri and Joseph V. Chillura

• 2023: Michael D. Hagedorn, Thomas A. Iadanza, Raja A. Dakkuri and Joseph V. Chillura

(3) To calculate CAP for our CEO and other NEOs, the following adjustments were made to Summary Compensation Table total pay:

	CEO																Other NEO Average
Adjustments	2023				2022				2021				2020				2023				2022				2021				2020
Summary Compensation Table Total		$	5,416,463			$	6,010,335			$	5,349,830			$	4,879,048			$	1,789,482			$	2,609,674			$	1,789,527			$	1,737,946
Deduction for amount reported in “Stock Awards” column of the Summary Compensation Table		$	(2,975,661	)		$	(3,060,578	)		$	(2,633,731	)		$	(2,285,938	)		$	(619,932	)		$	(692,591	)		$	(761,890	)		$	(789,038	)
Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding		$	2,750,887			$	1,921,547			$	2,837,919			$	1,497,358			$	622,504			$	652,868			$	944,088			$	713,297
Addition of change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding		$	697,863			$	(489,698	)		$	1,929,016			$	(186,348	)		$	174,527			$	(118,799	)		$	685,641			$	(72,162	)
Addition of change in fair value at vesting date versus prior FY end for awards granted in a prior FY that vested during the FY		$	(50,611	)		$	79,441			$	157,525			$	(56,413	)		$	21,072			$	11,030			$	50,488			$	(20,616	)
Deduction for change in pension values reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table		$	(56,521	)		$	—			$	—			$	(165,153	)			—			$	—			$	—			$	—
Compensation Actually Paid (CAP)		$	5,782,420			$	4,461,048			$	7,640,559			$	3,682,555			$	1,987,653			$	2,462,181			$	2,707,854			$	1,569,427

  The equity awards included above comprise performance share units and restricted share units granted from 2020 through 2023. The following assumptions underpin the fair value calculations. Measurement date equity fair values are calculated with assumptions derived on a basis consistent with those used for grant date fair value purposes. Restricted stock units are valued based on the stock price on the relevant measurement date. Performance stock units are adjusted to reflect an accrued payout factor consistent with assumptions used for ASC Topic 718 purposes, and the stock price on the relevant measurement date. Stock options are valued using a Black Scholes model as at the relevant measurement date, using assumptions consistent with those used for the grant date fair value purposes.

(4) Peer Group used for TSR comparisons reflects the KRX Index.

(5) The Company has identified GITBV as the Company-selected measure for the pay versus performance disclosure. GITBV was chosen from among the following three financial performance measures that we believe were most important in linking CAP for our CEO and our Other NEOs to Company performance during 2023:

Company Selected Measure Name

Growth in Tangible Book Value

Named Executive Officers, Footnote

(2) Reflects compensation for our other NEOs as follows:

• 2020: Michael D. Hagedorn, Thomas A. Iadanza, Ronald H. Janis and Robert J. Bardusch

• 2021: Michael D. Hagedorn, Thomas A. Iadanza, Ronald H. Janis and Joseph V. Chillura

Peer Group Issuers, Footnote

Peer Group used for TSR comparisons reflects the KRX Index.

PEO Total Compensation Amount

$ 5,416,463

$ 6,010,335

$ 5,349,830

$ 4,879,048

PEO Actually Paid Compensation Amount

$ 5,782,420

4,461,048

7,640,559

3,682,555

Adjustment To PEO Compensation, Footnote

(3) To calculate CAP for our CEO and other NEOs, the following adjustments were made to Summary Compensation Table total pay:

	CEO																Other NEO Average
Adjustments	2023				2022				2021				2020				2023				2022				2021				2020
Summary Compensation Table Total		$	5,416,463			$	6,010,335			$	5,349,830			$	4,879,048			$	1,789,482			$	2,609,674			$	1,789,527			$	1,737,946
Deduction for amount reported in “Stock Awards” column of the Summary Compensation Table		$	(2,975,661	)		$	(3,060,578	)		$	(2,633,731	)		$	(2,285,938	)		$	(619,932	)		$	(692,591	)		$	(761,890	)		$	(789,038	)
Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding		$	2,750,887			$	1,921,547			$	2,837,919			$	1,497,358			$	622,504			$	652,868			$	944,088			$	713,297
Addition of change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding		$	697,863			$	(489,698	)		$	1,929,016			$	(186,348	)		$	174,527			$	(118,799	)		$	685,641			$	(72,162	)
Addition of change in fair value at vesting date versus prior FY end for awards granted in a prior FY that vested during the FY		$	(50,611	)		$	79,441			$	157,525			$	(56,413	)		$	21,072			$	11,030			$	50,488			$	(20,616	)
Deduction for change in pension values reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table		$	(56,521	)		$	—			$	—			$	(165,153	)			—			$	—			$	—			$	—
Compensation Actually Paid (CAP)		$	5,782,420			$	4,461,048			$	7,640,559			$	3,682,555			$	1,987,653			$	2,462,181			$	2,707,854			$	1,569,427

Non-PEO NEO Average Total Compensation Amount

$ 1,789,482

2,609,674

1,789,527

1,737,946

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,987,653

2,462,181

2,707,854

1,569,427

Adjustment to Non-PEO NEO Compensation Footnote

(3) To calculate CAP for our CEO and other NEOs, the following adjustments were made to Summary Compensation Table total pay:

	CEO																Other NEO Average
Adjustments	2023				2022				2021				2020				2023				2022				2021				2020
Summary Compensation Table Total		$	5,416,463			$	6,010,335			$	5,349,830			$	4,879,048			$	1,789,482			$	2,609,674			$	1,789,527			$	1,737,946
Deduction for amount reported in “Stock Awards” column of the Summary Compensation Table		$	(2,975,661	)		$	(3,060,578	)		$	(2,633,731	)		$	(2,285,938	)		$	(619,932	)		$	(692,591	)		$	(761,890	)		$	(789,038	)
Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding		$	2,750,887			$	1,921,547			$	2,837,919			$	1,497,358			$	622,504			$	652,868			$	944,088			$	713,297
Addition of change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding		$	697,863			$	(489,698	)		$	1,929,016			$	(186,348	)		$	174,527			$	(118,799	)		$	685,641			$	(72,162	)
Addition of change in fair value at vesting date versus prior FY end for awards granted in a prior FY that vested during the FY		$	(50,611	)		$	79,441			$	157,525			$	(56,413	)		$	21,072			$	11,030			$	50,488			$	(20,616	)
Deduction for change in pension values reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table		$	(56,521	)		$	—			$	—			$	(165,153	)			—			$	—			$	—			$	—
Compensation Actually Paid (CAP)		$	5,782,420			$	4,461,048			$	7,640,559			$	3,682,555			$	1,987,653			$	2,462,181			$	2,707,854			$	1,569,427

Compensation Actually Paid vs. Total Shareholder Return

CEO and Average Other NEO CAP vs Company TSR and
Peer Group TSR

Compensation Actually Paid vs. Net Income

CEO and Average Other NEO CAP vs GAAP Net Income

Compensation Actually Paid vs. Company Selected Measure

CEO and Average Other NEO CAP vs Company Selected

Measure

Total Shareholder Return Vs Peer Group

CEO and Average Other NEO CAP vs Company TSR and
Peer Group TSR

Tabular List, Table

  Tabular List of Company Financial Performance Measures:

• Growth in Tangible Book Value

• Core Net Income

• Relative TSR

  Further details on these measures and how they are used in our compensation plans can be found in our Compensation Discussion and Analysis in this Proxy Statement.

Total Shareholder Return Amount

$ 113

112

131

90

Peer Group Total Shareholder Return Amount

116

116

125

91

Net Income (Loss)

$ 499,000,000

$ 569,000,000

$ 474,000,000

$ 391,000,000

Company Selected Measure Amount

0.1345

0.1747

0.1623

0.1331

PEO Name

Ira Robbins

Measure:: 1

Pay vs Performance Disclosure

Name

Growth in Tangible Book Value

Measure:: 2

Pay vs Performance Disclosure

Name

Core Net Income

Measure:: 3

Pay vs Performance Disclosure

Name

Relative TSR

PEO | Stock Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (2,975,661)

$ (3,060,578)

$ (2,633,731)

$ (2,285,938)

PEO | Fair Value At Fiscal Year FY End Of Equity Awards Granted During The FY That Remained Outstanding [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,750,887

1,921,547

2,837,919

1,497,358

PEO | Change In Fair Value At FY End Versus Prior FY End For Awards Granted in Prior FY That Remained Outstanding [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

697,863

(489,698)

1,929,016

(186,348)

PEO | Change In Fair Value At Vesting Date Versus Prior FY End For Awards Granted In A Prior FY That Vested During The FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(50,611)

79,441

157,525

(56,413)

PEO | Change In Pension Value And Nonqualified Deferred Compensation Earnings [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(56,521)

0

0

(165,153)

Non-PEO NEO | Stock Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(619,932)

(692,591)

(761,890)

(789,038)

Non-PEO NEO | Fair Value At Fiscal Year FY End Of Equity Awards Granted During The FY That Remained Outstanding [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

622,504

652,868

944,088

713,297

Non-PEO NEO | Change In Fair Value At FY End Versus Prior FY End For Awards Granted in Prior FY That Remained Outstanding [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

174,527

(118,799)

685,641

(72,162)

Non-PEO NEO | Change In Fair Value At Vesting Date Versus Prior FY End For Awards Granted In A Prior FY That Vested During The FY [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

21,072

11,030

50,488

(20,616)

Non-PEO NEO | Change In Pension Value And Nonqualified Deferred Compensation Earnings [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0

$ 0