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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST AND DIVIDEND INCOME      
Loans receivable, including fees $ 3,494,661 $ 3,490,979 $ 3,172,746
Debt securities 621,937 449,065 276,190
Resale agreements 6,475 11,254 20,164
Restricted equity securities 11,242 10,104 4,062
Interest-bearing cash and deposits with banks 159,081 231,794 220,643
Total interest and dividend income 4,293,396 4,193,196 3,693,805
INTEREST EXPENSE      
Deposits 1,594,529 1,720,174 1,205,550
Federal funds purchased and other short-term borrowings 22 42,163 157,002
FHLB advances 141,472 147,269 6,430
Securities sold under repurchase agreements (“repurchase agreements”) 2,082 197 1,497
Long-term debt and finance lease liabilities 2,662 4,677 11,072
Total interest expense 1,740,767 1,914,480 1,381,551
Net interest income before provision for credit losses 2,552,629 2,278,716 2,312,254
Provision for credit losses 160,000 174,000 125,000
Net interest income after provision for credit losses 2,392,629 2,104,716 2,187,254
NONINTEREST INCOME      
Commercial and consumer deposit-related fees 111,844 103,880 93,811
Lending and loan servicing fees 107,988 98,455 83,876
Foreign exchange income 58,905 54,605 48,276
Wealth management fees 50,000 38,627 26,994
Customer derivative income, net of mark-to-market adjustments 16,856 16,401 20,200
Net gains (losses) on AFS debt securities 963 2,069 (6,862)
Other investment income 10,868 5,611 9,348
Other income 21,803 15,570 17,469
Total noninterest income 379,227 335,218 293,112
NONINTEREST EXPENSE      
Compensation and employee benefits 618,753 550,734 508,538
Occupancy and equipment expense 66,129 64,399 64,528
Deposit account expense 35,218 47,390 43,143
Computer and software related expenses 54,737 47,271 44,475
Deposit insurance premiums and regulatory assessments 31,725 45,736 103,308
Other operating expense 165,039 148,301 136,305
Amortization of tax credit and CRA investments 74,795 54,242 120,299
Total noninterest expense 1,046,396 958,073 1,020,596
INCOME BEFORE INCOME TAXES 1,725,460 1,481,861 1,459,770
Income tax expense 400,272 316,275 298,609
NET INCOME $ 1,325,188 $ 1,165,586 $ 1,161,161
EARNINGS PER SHARE (“EPS”)      
BASIC (in dollars per share) $ 9.58 $ 8.39 $ 8.23
DILUTED (in dollars per share) $ 9.52 $ 8.33 $ 8.18
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING      
BASIC (in shares) 138,342 138,898 141,164
DILUTED (in shares) 139,130 139,958 141,902