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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Loans $ 1,742,390 $ 1,802,968 $ 1,645,736
Money market investments 19,721 89,823 111,288
Investment securities 329,440 368,002 264,824
Total interest income 2,091,551 2,260,793 2,021,848
Interest expense:      
Deposits 175,855 304,858 204,265
Short-term borrowings 2,457 6,100 7,210
Long-term debt 56,626 58,141 75,496
Total interest expense 234,938 369,099 286,971
Net interest income 1,856,613 1,891,694 1,734,877
Provision for credit losses 292,536 165,779 228,072
Net interest income after provision for credit losses 1,564,077 1,725,915 1,506,805
Mortgage banking activities 10,401 32,093 52,802
Net gain (loss) on sale of debt securities 41 (20) 0
Net gain (loss), including impairment on equity securities 6,279 2,506 (2,081)
Net profit (loss) on trading account debt securities 1,033 994 (208)
Net gain on sale of loans, including valuation adjustments on loans held-for-sale 1,234 0 33
Adjustments (expense) to indemnity reserves on loans sold 390 (343) (12,959)
FDIC loss-share expense 0 0 94,725
Other operating income 87,219 88,514 111,485
Total non-interest income 512,312 569,883 652,494
Operating expenses:      
Personnel costs 564,205 590,625 562,988
Net occupancy expenses 119,345 96,339 88,329
Equipment expenses 88,932 84,215 71,788
Other taxes 54,454 51,653 46,284
Professional fees 394,122 384,411 349,844
Communications 23,496 23,450 23,107
Business promotion 57,608 75,372 65,918
FDIC deposit insurance 23,868 18,179 27,757
Loss on early extinguishment of debt 0 0 12,522
Other real estate owned (OREO) (income) expenses (3,480) 4,298 23,338
Other operating expenses 128,882 139,570 140,361
Amortization of intangibles 6,397 9,370 9,326
Total operating expenses 1,457,829 1,477,482 1,421,562
Income before income tax 618,560 818,316 737,737
Income tax expense 111,938 147,181 119,579
Net Income 506,622 671,135 618,158
Net Income Applicable to Common Stock $ 504,864 $ 667,412 $ 614,435
Net Income per Common Share - Basic $ 5.88 $ 6.89 $ 6.07
Net Income per Common Share - Diluted $ 5.87 $ 6.88 $ 6.06
Service charges on deposit accounts      
Interest expense:      
Revenue from contract with customer $ 147,823 $ 160,933 $ 150,677
Other services      
Interest expense:      
Revenue from contract with customer $ 257,892 $ 285,206 $ 258,020