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Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable The following table summarizes loans and leases by portfolio segment and class:
(In thousands)At March 31,
2022		At December 31, 2021
Commercial non-mortgage$13,105,173 $6,882,480 
Asset-based1,807,545 1,067,248 
Commercial real estate11,957,747 5,463,321 
Multi-family5,627,200 1,139,859 
Equipment financing1,909,284 627,058 
Warehouse lending564,137 — 
Commercial portfolio34,971,086 15,179,966 
Residential6,798,199 5,412,905 
Home equity1,679,443 1,593,559 
Other consumer87,757 85,299 
Consumer portfolio8,565,399 7,091,763 
Loans and leases$43,536,485 $22,271,729 
Past Due Financing Receivables The following table summarizes the aging of accrual and non-accrual loans and leases by class:
 At March 31, 2022
(In thousands)30-59 Days
Past Due and
Accruing		60-89 Days
Past Due and
Accruing		90 or More Days Past Due
and Accruing		Non-accrualTotal Past Due and Non-accrualCurrentTotal Loans
and Leases
Commercial non-mortgage$1,981 $1,788 $124 $87,005 $90,898 $13,014,275 $13,105,173 
Asset-based23,387 — — 5,356 28,743 1,778,802 1,807,545 
Commercial real estate6,506 674 — 68,204 75,384 11,882,363 11,957,747 
Multi-family346 13,007 — 383 13,736 5,613,464 5,627,200 
Equipment financing3,276 881 — 15,364 19,521 1,889,763 1,909,284 
Warehouse lending— — — — — 564,137 564,137 
Commercial portfolio35,496 16,350 124 176,312 228,282 34,742,804 34,971,086 
Residential7,518 1,786 — 26,602 35,906 6,762,293 6,798,199 
Home equity3,834 1,593 — 31,910 37,337 1,642,106 1,679,443 
Other consumer361 196 — 154 711 87,046 87,757 
Consumer portfolio11,713 3,575 — 58,666 73,954 8,491,445 8,565,399 
Total$47,209 $19,925 $124 $234,978 $302,236 $43,234,249 $43,536,485 
 At December 31, 2021
(In thousands)30-59 Days
Past Due and
Accruing		60-89 Days
Past Due and
Accruing		90 or More Days Past Due
and Accruing		Non-accrualTotal Past Due and Non-accrualCurrentTotal Loans
and Leases
Commercial non-mortgage$3,729 $4,524 $1,977 $59,607 $69,837 $6,812,643 $6,882,480 
Asset-based— — — 2,086 2,086 1,065,162 1,067,248 
Commercial real estate508 417 519 5,046 6,490 5,456,831 5,463,321 
Multi-family— — — — — 1,139,859 1,139,859 
Equipment financing1,034 — — 3,728 4,762 622,296 627,058 
Commercial portfolio5,271 4,941 2,496 70,467 83,175 15,096,791 15,179,966 
Residential3,212 368 — 15,747 19,327 5,393,578 5,412,905 
Home equity3,467 1,600 — 23,489 28,556 1,565,003 1,593,559 
Other consumer379 181 — 224 784 84,515 85,299 
Consumer portfolio7,058 2,149 — 39,460 48,667 7,043,096 7,091,763 
Total$12,329 $7,090 $2,496 $109,927 $131,842 $22,139,887 $22,271,729 
Financing Receivable, Nonaccrual The following table provides additional information on non-accrual loans and leases:
At March 31, 2022At December 31, 2021
(In thousands)Non-accrualNon-accrual with No AllowanceNon-accrualNon-accrual with No Allowance
Commercial non-mortgage$87,005 $17,877 $59,607 $4,802 
Asset-based5,356 1,959 2,086 2,086 
Commercial real estate68,204 24,193 5,046 4,310 
Multi-family383 — — — 
Equipment financing15,364 1,272 3,728 — 
Warehouse lending— — — — 
Commercial portfolio176,312 45,301 70,467 11,198 
Residential26,602 9,847 15,747 10,584 
Home equity31,910 17,233 23,489 18,920 
Other consumer154 3 224 2 
Consumer portfolio58,666 27,083 39,460 29,506 
Total $234,978 $72,384 $109,927 $40,704 
Activity In Allowance For Losses
The following table summarizes the change in the ACL on loans and leases by portfolio segment:
 At or for the three months ended March 31,
20222021
(In thousands)Commercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotal
ACL on loans and leases:
Balance, beginning of period$257,877 $43,310 $301,187 $312,244 $47,187 $359,431 
Initial allowance for PCD loans and leases (1)
78,376 9,669 88,045 — — — 
Provision (benefit)184,327 4,741 189,068 (23,653)(2,106)(25,759)
Charge-offs(11,248)(1,120)(12,368)(6,321)(2,974)(9,295)
Recoveries1,364 2,075 3,439 1,636 2,338 3,974 
Balance, end of period$510,696 $58,675 $569,371 $283,906 $44,445 $328,351 
Individually evaluated for impairment32,736 12,057 44,793 14,809 4,913 19,722 
Collectively evaluated for impairment$477,960 $46,618 $524,578 $269,097 $39,532 $308,629 
(1)Represents the establishment of the initial reserve for PCD loans and leases, which is reported net of $48.3 million of day one charge-offs recognized at the date of acquisition in accordance with GAAP.
The following table summarizes the activity in the ACL on unfunded loan commitments:
Three months ended March 31,
(In thousands)20222021
Balance, beginning of period$13,104 $12,755 
ACL assumed from Sterling6,749 — 
(Benefit) provision for credit losses(213)45 
Balance, end of period$19,640 $12,800 
Financing Receivable Credit Quality Indicators
The following tables summarize the amortized cost basis of commercial loans and leases by Composite Credit Risk Profile grade and origination year:
At March 31, 2022
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial non-mortgage:
Pass$1,184,061 $2,726,171 $1,570,383 $1,173,542 $781,857 $1,071,677 $4,211,772 $12,719,463 
Special mention— 13,405 — 405 27,790 15,491 23,979 81,070 
Substandard— 4,159 91,597 53,013 90,196 24,393 37,425 300,783 
Doubtful— — — — — — 3,857 3,857 
Commercial non-mortgage1,184,061 2,743,735 1,661,980 1,226,960 899,843 1,111,561 4,277,033 13,105,173 
Asset-based:
Pass— 1,585 4,737 9,697 2,589 20,543 1,676,341 1,715,492 
Special mention— — 11,597 — — — 40,953 52,550 
Substandard— — — — — — 39,503 39,503 
Asset-based— 1,585 16,334 9,697 2,589 20,543 1,756,797 1,807,545 
Commercial real estate:
Pass480,774 2,300,007 1,862,529 2,271,370 1,324,793 3,092,728 — 11,332,201 
Special mention87,287 — 33,796 46,723 75,725 109,753 — 353,284 
Substandard1,646 1,503 5,752 46,189 68,445 148,727 — 272,262 
Commercial real estate569,707 2,301,510 1,902,077 2,364,282 1,468,963 3,351,208 — 11,957,747 
Multi-family:
Pass353,825 1,154,643 526,163 790,407 555,600 2,107,897 — 5,488,535 
Special mention— — — 5,223 46,200 32,374 — 83,797 
Substandard— — 397 16,652 6,903 30,916 — 54,868 
Multi-family353,825 1,154,643 526,560 812,282 608,703 2,171,187 — 5,627,200 
Equipment financing:
Pass87,396 460,154 498,215 450,145 171,362 176,105 — 1,843,377 
Special mention— — 1,042 4,132 11,208 4,929 — 21,311 
Substandard689 4,406 18,001 7,802 5,218 8,480 — 44,596 
Equipment financing88,085 464,560 517,258 462,079 187,788 189,514 — 1,909,284 
Warehouse lending:
Pass— — — — — — 564,137 564,137 
Warehouse lending— — — — — — 564,137 564,137 
Commercial portfolio$2,195,678 $6,666,033 $4,624,209 $4,875,300 $3,167,886 $6,844,013 $6,597,967 $34,971,086 
At December 31, 2021
(In thousands)20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Commercial non-mortgage:
Pass$2,270,320 $1,179,620 $757,343 $581,633 $292,637 $275,789 $1,182,562 $6,539,904 
Special mention14,216 22,892 37,877 15,575 9,721 15,399 27,808 143,488 
Substandard3,660 46,887 30,437 69,963 5,255 19,483 23,403 199,088 
Commercial non-mortgage2,288,196 1,249,399 825,657 667,171 307,613 310,671 1,233,773 6,882,480 
Asset-based:
Pass7,609 19,141 12,810 13,456 6,113 25,850 920,496 1,005,475 
Special mention— — — 675 — — 59,012 59,687 
Substandard— — 2,086 — — — — 2,086 
Asset-based7,609 19,141 14,896 14,131 6,113 25,850 979,508 1,067,248 
Commercial real estate:
Pass1,152,431 733,220 1,146,149 594,180 384,664 1,136,384 55,044 5,202,072 
Special mention95 3,084 — 84,475 51,536 79,096 — 218,286 
Substandard— 82 227 373 13,874 28,407 — 42,963 
Commercial real estate1,152,526 736,386 1,146,376 679,028 450,074 1,243,887 55,044 5,463,321 
Multi-family:
Pass222,875 135,924 185,087 322,688 17,054 203,558 566 1,087,752 
Special mention— — — 35,201 — — — 35,201 
Substandard— 400 — 6,933 — 9,573 — 16,906 
Multi-family222,875 136,324 185,087 364,822 17,054 213,131 566 1,139,859 
Equipment financing:
Pass231,762 188,031 93,547 41,276 14,864 32,588 — 602,068 
Special mention— 108 2,229 3,341 — 600 — 6,278 
Substandard— 8,388 4,756 2,612 332 2,624 — 18,712 
Equipment financing231,762 196,527 100,532 47,229 15,196 35,812 — 627,058 
Commercial portfolio$3,902,968 $2,337,777 $2,272,548 $1,772,381 $796,050 $1,829,351 $2,268,891 $15,179,966 
To measure credit risk for the consumer portfolio, the most relevant credit characteristic is the FICO score, which is a widely used credit scoring system that ranges from 300 to 850. A lower FICO score is indicative of higher credit risk and a higher FICO score is indicative of lower credit risk. FICO scores are updated at least on a quarterly basis.
The following tables summarize the amortized cost basis of consumer loans by FICO score and origination year:
At March 31, 2022
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Residential:
800+$39,359 $797,341 $450,236 $159,820 $32,779 $988,591 $— $2,468,126 
740-799179,363 1,150,417 371,094 141,957 41,325 904,628 — 2,788,784 
670-73963,399 371,717 122,158 66,514 26,780 483,134 — 1,133,702 
580-6693,646 41,718 18,238 9,163 4,729 197,165 — 274,659 
579 and below868 2,420 1,595 47,842 728 79,475 — 132,928 
Residential286,635 2,363,613 963,321 425,296 106,341 2,652,993 — 6,798,199 
Home equity:
800+9,110 34,957 29,116 10,058 14,217 62,760 483,151 643,369 
740-7998,128 42,151 20,593 7,809 10,159 41,587 435,737 566,164 
670-7394,811 18,414 8,147 5,161 8,432 34,326 251,203 330,494 
580-669290 2,023 1,394 1,037 1,835 15,424 84,571 106,574 
579 and below73 326 676 720 647 6,487 23,913 32,842 
Home equity22,412 97,871 59,926 24,785 35,290 160,584 1,278,575 1,679,443 
Other consumer:
800+49 352 1,205 1,918 651 494 11,781 16,450 
740-79957 988 683 779 438 3,344 10,524 16,813 
670-739— — 3,486 5,089 1,900 945 15,697 27,117 
580-669185 712 5,497 9,478 3,002 866 1,986 21,726 
579 and below13 291 835 2,119 467 490 1,436 5,651 
Other consumer304 2,343 11,706 19,383 6,458 6,139 41,424 87,757 
Consumer portfolio$309,351 $2,463,827 $1,034,953 $469,464 $148,089 $2,819,716 $1,319,999 $8,565,399 
At December 31, 2021
(In thousands)20212020201920182017PriorRevolving Loans Amortized Cost BasisTotal
Residential:
800+$590,238 $428,118 $161,664 $35,502 $105,198 $735,517 $— $2,056,237 
740-7991,083,608 421,380 154,960 32,172 95,662 456,722 — 2,244,504 
670-739374,460 135,146 73,499 25,099 34,550 227,863 — 870,617 
580-66938,644 13,782 9,348 3,056 9,000 71,811 — 145,641 
579 and below9,478 1,051 49,252 390 2,519 33,216 — 95,906 
Residential2,096,428 999,477 448,723 96,219 246,929 1,525,129 — 5,412,905 
Home equity:
800+35,678 30,157 9,591 16,347 11,068 58,189 463,334 624,364 
740-79942,430 22,030 9,413 13,317 7,711 33,777 409,518 538,196 
670-73917,493 9,162 5,889 8,220 5,802 31,160 233,744 311,470 
580-6691,773 1,397 1,298 1,066 1,329 15,042 66,361 88,266 
579 and below380 446 725 1,060 434 5,666 22,552 31,263 
Home equity97,754 63,192 26,916 40,010 26,344 143,834 1,195,509 1,593,559 
Other consumer:
800+463 1,343 2,398 916 231 118 10,160 15,629 
740-7992,588 5,408 8,303 2,985 379 77 9,528 29,268 
670-7391,061 7,034 13,602 3,859 607 412 5,644 32,219 
580-669256 1,083 2,550 735 216 211 1,267 6,318 
579 and below147 87 215 159 40 21 1,196 1,865 
Other consumer4,515 14,955 27,068 8,654 1,473 839 27,795 85,299 
Consumer portfolio$2,198,697 $1,077,624 $502,707 $144,883 $274,746 $1,669,802 $1,223,304 $7,091,763 
Troubled Debt Restructurings on Financing Receivables The following table summarizes information related to TDRs:
(In thousands)At March 31, 2022At December 31, 2021
Accrual status$104,910 $110,625 
Non-accrual status46,338 52,719 
Total TDRs$151,248 $163,344 
Additional funds committed to borrowers in TDR status$5,747 $5,975 
Specific reserves for TDRs included in the ACL on loans and leases:
Commercial portfolio$2,939 $9,017 
Consumer portfolio3,689 3,745 
The following table summarizes loans and leases modified as TDRs by class and modification type:
Three months ended March 31,
20222021
(Dollars in thousands)Number of
Contracts
Recorded
Investment (1)
Number of
Contracts
Recorded
Investment (1)
Commercial non-mortgage
Extended maturity2$986$507
Maturity/rate combined292137
Other (2)
——2113
Commercial real estate
Extended maturity——1183
Residential
Extended maturity——199
Other (2)
52,9852233
Home equity
Extended maturity——128
Maturity/rate combined44451,011
Other (2)
171,2427433
Total TDRs30$4,46126$2,644
(1)Post-modification balances approximate pre-modification balances. The aggregate amount of charge-offs due to restructurings was not significant.
(2)Other includes covenant modifications, forbearance, discharges under Chapter 7 bankruptcy, or other concessions.