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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans and leases, including fees $ 972,582 $ 1,046,821
Investment securities    
Fully taxable 37,071 50,110
Exempt from federal taxes 55 75
Deposits at banks 6,874 18,966
Other 380 4,447
Total interest income 1,016,962 1,120,419
Interest expense    
Savings and interest-checking deposits 11,504 78,002
Time deposits 7,010 21,872
Deposits at Cayman Islands office 185 3,419
Short-term borrowings 2 23
Long-term borrowings 16,866 40,298
Total interest expense 35,567 143,614
Net interest income 981,395 976,805
Provision for credit losses (25,000) 250,000
Net interest income after provision for credit losses 1,006,395 726,805
Other income    
Brokerage services income 13,113 13,129
Trading account and foreign exchange gains 6,284 21,016
Loss on bank investment securities (12,282) (20,782)
Other revenues from operations 110,930 133,176
Total other income 505,598 529,360
Other expense    
Salaries and employee benefits 541,078 536,843
Equipment and net occupancy 82,471 79,640
Outside data processing and software 65,751 64,410
FDIC assessments 14,188 12,271
Advertising and marketing 14,628 22,375
Printing, postage and supplies 9,317 10,852
Amortization of core deposit and other intangible assets 2,738 3,913
Other costs of operations 189,273 176,112
Total other expense 919,444 906,416
Income before taxes 592,549 349,749
Income taxes 145,300 80,927
Net income 447,249 268,822
Net income available to common shareholders    
Basic 428,091 250,701
Diluted $ 428,093 $ 250,701
Net income per common share    
Basic $ 3.33 $ 1.93
Diluted $ 3.33 $ 1.93
Average common shares outstanding    
Basic 128,537 129,696
Diluted 128,669 129,755
Mortgage Banking Revenues [Member]    
Other income    
Revenue from contract with customer $ 138,754 $ 127,909
Service Charges on Deposit Accounts [Member]    
Other income    
Revenue from contract with customer 92,777 106,161
Trust Income [Member]    
Other income    
Revenue from contract with customer $ 156,022 $ 148,751