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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 AND DIVIDEND INCOME    
Loans receivable, including fees $ 377,110 $ 342,008
Debt Securities 42,667 29,100
Resale agreements 8,383 6,099
Restricted equity securities 609 547
Interest-bearing cash and deposits with banks 3,260 3,632
Total interest and dividend income 432,029 381,386
INTEREST EXPENSE    
Deposits 12,989 21,822
Short-term borrowings 9 42
FHLB advances 578 3,069
Repurchase agreements 2,016 1,978
Long-term debt and finance lease liabilities 824 780
Total interest expense 16,416 27,691
Net interest income before provision for credit losses 415,613 353,695
Provision for credit losses 8,000 0
Net interest income after provision for credit losses 407,613 353,695
NONINTEREST INCOME    
Lending fees 19,438 18,357
Deposit account fees 20,315 15,383
Interest rate contracts and other derivative income 11,133 16,997
Foreign exchange income 12,699 9,526
Wealth management fees 6,052 6,911
Net gains on sales of loans 2,922 1,781
Gains on sales of AFS debt securities 1,278 192
Other investment income 1,627 925
Other income 4,279 2,794
Total noninterest income 79,743 72,866
NONINTEREST EXPENSE    
Compensation and employee benefits 116,269 107,808
Occupancy and equipment expense 15,464 15,922
Deposit insurance premiums and regulatory assessments 4,717 3,876
Deposit account expense 4,693 3,892
Data processing 3,665 4,478
Computer software expense 7,294 7,159
Consulting expense 1,833 1,475
Legal expense 718 1,502
Other operating expense 20,897 19,607
Amortization of tax credit and other investments 13,900 25,358
Total noninterest expense 189,450 191,077
INCOME BEFORE INCOME TAXES 297,906 235,484
INCOME TAX EXPENSE 60,254 30,490
NET INCOME $ 237,652 $ 204,994
EARNINGS PER SHARE (“EPS”)    
BASIC (in dollars per share) $ 1.67 $ 1.45
DILUTED (in dollars per share) $ 1.66 $ 1.44
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING    
BASIC (in shares) 142,025 141,646
DILUTED (in shares) 143,223 142,844