XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans, including fees $ 1,488,800 $ 1,144,300 $ 1,093,000
Investment securities 158,600 107,800 111,900
Dividends and other 11,300 9,700 20,100
Total interest income 1,658,700 1,261,800 1,225,000
Interest expense:      
Deposits 47,500 70,400 158,400
Qualifying debt 33,100 23,900 23,400
Other borrowings 29,300 600 2,800
Total interest expense 109,900 94,900 184,600
Net interest income 1,548,800 1,166,900 1,040,400
(Recovery of) provision for credit losses (21,400) (123,600) (19,300)
Net interest income after provision for (recovery of) credit losses 1,570,200 1,043,300 1,021,100
Non-interest income:      
Service charges and fees 28,300 23,300 23,300
Income from equity investments 22,100 12,700 8,300
Fair value (loss) gain on assets measured at fair value, net (1,300) 3,800 5,100
Other income 12,300 16,100 9,200
Total non-interest income 404,200 70,800 65,100
Non-interest expense:      
Salaries and employee benefits 466,700 303,600 279,300
Legal, professional, and directors' fees 58,600 42,200 37,000
Occupancy 43,800 34,100 32,600
Deposit costs 29,800 18,500 31,700
Data processing 58,200 35,700 30,600
Insurance 23,000 13,300 11,900
Business development and marketing 13,500 9,600 11,200
Gain (Loss) on Extinguishment of Debt 5,900 0 0
Net (gain) loss on sales and valuations of repossessed and other assets (3,500) (1,500) 3,800
Other expense 57,800 36,100 43,900
Total non-interest expense 851,400 491,600 482,000
Income before provision for income taxes 1,123,000 622,500 604,200
Income tax expense 223,800 115,900 105,000
Net income 899,200 506,600 499,200
Preferred Stock Dividends, Income Statement Impact 3,500 0 0
Net income available to common stockholders $ 895,700 $ 506,600 $ 499,200
Earnings per share:      
Basic $ 8.72 $ 5.06 $ 4.86
Diluted $ 8.67 $ 5.04 $ 4.84
Weighted average number of common shares outstanding:      
Basic 102,700 100,200 102,700
Diluted 103,300 100,500 103,100
Net gain on loan origination and sale activities $ 326,200 $ 0 $ 0
Commercial banking related income 17,400 14,700 16,100
Gain on sales of investment securities 8,300 200 3,100
Gain on recovery from credit guarantees 7,200 0 0
Loan servicing fees, net (16,300) 0 0
Expense Related to Distribution or Servicing and Underwriting Fees 53,500 0 0
Loan Processing Fee 28,800 0 0
Acquisition and restructure expenses $ 15,300 $ 0 $ 0