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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Loans and leases, including fees $ 1,455,612 $ 944,422 $ 3,572,954 $ 2,843,969
Investment securities        
Fully taxable 135,766 33,209 294,290 104,736
Exempt from federal taxes 16,555 48 34,388 113
Deposits at banks 172,956 14,923 272,009 30,507
Other 624 344 1,270 941
Total interest income 1,781,513 992,946 4,174,911 2,980,266
Interest expense        
Savings and interest-checking deposits 68,690 7,000 103,344 26,556
Time deposits 1,124 3,573 3,748 15,667
Deposits at Cayman Islands office       201
Short-term borrowings 2,670 2 6,090 5
Long-term borrowings 30,338 15,121 67,147 46,852
Total interest expense 102,822 25,696 180,329 89,281
Net interest income 1,678,691 967,250 3,994,582 2,890,985
Provision for credit losses 115,000 (20,000) 427,000 (60,000)
Net interest income after provision for credit losses 1,563,691 987,250 3,567,582 2,950,985
Other income        
Brokerage services income 21,086 20,490 65,414 43,868
Trading account and non-hedging derivative gains 5,081 5,563 12,743 18,349
Gain/(loss) on bank investment securities (1,108) 291 (1,913) (22,646)
Other revenues from operations 153,189 120,485 436,943 344,114
Total other income 563,079 569,126 1,675,066 1,588,357
Other expense        
Salaries and employee benefits 736,354 510,422 2,090,075 1,530,634
Equipment and net occupancy 127,117 80,738 337,584 244,057
Outside data processing and software 95,068 72,782 268,607 213,025
FDIC assessments 28,105 18,810 66,266 50,874
Advertising and marketing 21,398 15,208 58,057 43,200
Printing, postage and supplies 14,768 7,917 40,488 28,367
Amortization of core deposit and other intangible assets 18,384 2,738 38,024 8,213
Other costs of operations 238,059 190,719 743,047 565,753
Total other expense 1,279,253 899,334 3,642,148 2,684,123
Income before taxes 847,517 657,042 1,600,500 1,855,219
Income taxes 200,921 161,582 374,208 454,441
Net income 646,596 495,460 1,226,292 1,400,778
Net income available to common shareholders        
Basic 620,549 475,958 1,152,400 1,342,805
Diluted $ 620,554 $ 475,961 $ 1,152,406 $ 1,342,812
Net income per common share        
Basic $ 3.55 $ 3.70 $ 7.18 $ 10.44
Diluted $ 3.53 $ 3.69 $ 7.14 $ 10.43
Average common shares outstanding        
Basic 174,609 128,689 160,474 128,632
Diluted 175,682 128,844 161,295 128,786
Mortgage Banking Revenues [Member]        
Other income        
Revenue from contract with customer $ 83,041 $ 159,995 $ 275,115 $ 432,062
Service Charges on Deposit Accounts [Member]        
Other income        
Revenue from contract with customer 115,213 105,426 340,890 296,721
Trust Income [Member]        
Other income        
Revenue from contract with customer $ 186,577 $ 156,876 $ 545,874 $ 475,889