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Consolidated Statement of income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST AND DIVIDEND INCOME      
Loans receivable, including fees $ 1,717,415 $ 1,503,514 $ 1,198,440
Investment debt securities 67,838 60,911  
Investment debt and equity securities     58,670
Resale agreements 27,819 29,328 32,095
Restricted equity securities 2,468 3,146 2,524
Interest-bearing cash and deposits with banks 66,760 54,804 33,390
Total interest and dividend income 1,882,300 1,651,703 1,325,119
INTEREST EXPENSE      
Deposits 375,802 234,752 116,391
Federal funds purchased and other short-term borrowings 1,763 1,398 1,003
FHLB advances 16,697 10,447 7,751
Repurchase agreements 13,582 12,110 9,476
Long-term debt and finance lease liabilities 6,643 6,488 5,429
Total interest expense 414,487 265,195 140,050
Net interest income before provision for credit losses 1,467,813 1,386,508 1,185,069
Provision for credit losses 98,685 64,255 46,266
Net interest income after provision for credit losses 1,369,128 1,322,253 1,138,803
NONINTEREST INCOME      
Lending fees 63,670 59,758 58,395
Deposit account fees 38,648 39,176 40,299
Foreign exchange income 26,398 21,259 9,908
Wealth management fees 16,668 13,785 13,974
Interest rate contracts and other derivative income 39,865 18,980 17,671
Net gains on sales of loans 4,035 6,590 8,870
Net gains on sales of AFS debt investment securities 3,930 2,535  
Net gains on sales of AFS debt and equity investment securities     8,037
Net gains on sales of fixed assets 114 6,683 77,388
Net gain on sale of business 0 31,470 3,807
Other investment income 5,249 1,207 3,903
Other income 10,800 9,466 15,496
Total noninterest income 209,377 210,909 257,748
NONINTEREST EXPENSE      
Compensation and employee benefits 401,700 379,622 335,291
Occupancy and equipment expense 69,730 68,896 64,921
Deposit insurance premiums and regulatory assessments 12,928 21,211 23,735
Legal expense 8,441 8,781 11,444
Data processing 13,533 13,177 12,093
Consulting expense 9,846 11,579 14,922
Deposit related expense 14,175 11,244 9,938
Computer software expense 26,471 22,286 18,183
Other operating expense 92,249 88,042 82,974
Amortization of tax credit and other investments 85,515 89,628 87,950
Total noninterest expense 734,588 714,466 661,451
INCOME BEFORE INCOME TAXES 843,917 818,696 735,100
INCOME TAX EXPENSE 169,882 114,995 229,476
NET INCOME $ 674,035 $ 703,701 $ 505,624
EARNINGS PER SHARE (“EPS”)      
BASIC (in dollars per share) $ 4.63 $ 4.86 $ 3.50
DILUTED (in dollars per share) $ 4.61 $ 4.81 $ 3.47
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING      
BASIC (in shares) 145,497 144,862 144,444
DILUTED (in shares) 146,179 146,169 145,913