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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Loans $ 1,599,165 $ 1,358,480 $ 1,025,788
Investment securities:      
Taxable 568,851 541,605 412,133
Non-taxable 44,952 34,616 5,714
Federal funds sold, securities purchased under agreements to resell and other short-term investment securities 96,440 35,208 21,505
Total interest income 2,309,408 1,969,909 1,465,140
Interest expense:      
Deposits 177,672 29,306 8,676
Borrowings 35,135 46,615 36,095
Total interest expense 212,807 75,921 44,771
Net interest income 2,096,601 1,893,988 1,420,369
Provision for credit losses 106,416 87,870 92,304
Net interest income after provision for credit losses 1,990,185 1,806,118 1,328,065
Noninterest income:      
Gains on investment securities, net 134,670 88,094 64,603
Gains on equity warrant assets, net 138,078 89,142 54,555
Client investment fees 182,068 130,360 56,136
Foreign exchange fees 159,262 138,812 115,760
Credit card fees 118,719 94,072 76,543
Deposit service charges 89,200 76,097 58,715
Lending related fees 49,920 41,949 43,265
Letters of credit and standby letters of credit fees 42,669 34,600 28,544
Investment banking revenue 195,177 0 0
Commissions 56,346 0 0
Other 55,370 51,858 59,110
Noninterest income 1,221,479 744,984 557,231
Noninterest expense:      
Compensation and benefits 989,734 726,980 606,402
Professional services 205,479 158,835 121,935
Premises and equipment 96,770 77,918 71,753
Net occupancy 69,279 54,753 48,397
Business development and travel 68,912 48,180 41,978
FDIC and state assessments 18,509 34,276 35,069
Other 152,579 87,251 85,121
Total noninterest expense 1,601,262 1,188,193 1,010,655
Income before income tax expense 1,610,402 1,362,909 874,641
Income tax expense 425,685 351,561 355,463
Net income before noncontrolling interests 1,184,717 1,011,348 519,178
Net income attributable to noncontrolling interests (47,861) (37,508) (28,672)
Net income available to common stockholders $ 1,136,856 $ 973,840 $ 490,506
Earnings per common share—basic (usd per share) $ 21.90 $ 18.35 $ 9.33
Earnings per common share—diluted (usd per share) $ 21.73 $ 18.11 $ 9.20