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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST AND DIVIDEND INCOME    
Loans receivable, including fees $ 858,878 $ 840,412
Debt securities 160,178 147,784
Resale agreements 1,625 1,610
Restricted equity securities 4,978 2,859
Interest-bearing cash and deposits with banks 29,851 39,137
Total interest and dividend income 1,055,510 1,031,802
INTEREST EXPENSE    
Deposits 355,412 391,981
Federal funds purchased and other short-term borrowings 4 6
FHLB advances 25,004 38,866
Repurchase agreements 3,290 77
Long-term debt and finance lease liabilities 607 671
Total interest expense 384,317 431,601
Net interest income before provision for credit losses 671,193 600,201
Provision for credit losses 36,000 49,000
Net interest income after provision for credit losses 635,193 551,201
NONINTEREST INCOME    
Commercial and consumer deposit-related fees 30,619 27,075
Lending and loan servicing fees 26,070 26,230
Foreign exchange income 15,447 15,837
Wealth management fees 22,260 13,679
Customer derivative income and derivative mark-to-market adjustments 5,529 4,069
Net gains on AFS debt securities 616 131
Other investment income 2,956 2,262
Other (loss) income (941) 2,819
Total noninterest income 102,556 92,102
NONINTEREST EXPENSE    
Compensation and employee benefits 172,665 146,435
Occupancy and equipment expense 18,248 15,689
Computer and software related expenses 14,747 13,314
Deposit insurance premiums and regulatory assessments 8,859 10,385
Deposit account expense 7,533 9,042
Other real estate owned (“OREO”) (income) expense (264) 4,166
Other operating expense 36,542 37,375
Amortization of tax credit and CRA investments 21,984 15,742
Total noninterest expense 280,314 252,148
INCOME BEFORE INCOME TAXES 457,435 391,155
Income tax expense 99,639 100,885
NET INCOME $ 357,796 $ 290,270
Earnings per share (“EPS”)    
Basic (in dollars per share) $ 2.59 $ 2.10
Diluted (in dollars per share) $ 2.57 $ 2.08
Weighted-average number of shares outstanding    
Basic (in shares) 138,054 138,201
Diluted (in shares) 138,919 139,291