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Loans and Leases (Tables)
 9 Months Ended
Sep. 30, 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 September 30,
2022		At December 31, 2021
Commercial non-mortgage$15,148,507 $6,882,480 
Asset-based1,803,719 1,067,248 
Commercial real estate12,742,888 5,463,321 
Multi-family6,119,731 1,139,859 
Equipment financing1,764,289 627,058 
Warehouse lending894,438 — 
Commercial portfolio38,473,572 15,179,966 
Residential7,617,955 5,412,905 
Home equity1,662,756 1,593,559 
Other consumer69,592 85,299 
Consumer portfolio9,350,303 7,091,763 
Loans and leases$47,823,875 $22,271,729 
Past Due Financing Receivables The following tables summarize the aging of accrual and non-accrual loans and leases by class:
 At September 30, 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$12,270 $3,958 $703 $61,598 $78,529 $15,069,978 $15,148,507 
Asset-based— — — 25,093 25,093 1,778,626 1,803,719 
Commercial real estate5,172 134 — 41,961 47,267 12,695,621 12,742,888 
Multi-family677 86 — 1,972 2,735 6,116,996 6,119,731 
Equipment financing3,261 1,358 — 13,328 17,947 1,746,342 1,764,289 
Warehouse lending— — — — — 894,438 894,438 
Commercial portfolio21,380 5,536 703 143,952 171,571 38,302,001 38,473,572 
Residential8,969 3,527 — 25,309 37,805 7,580,150 7,617,955 
Home equity4,083 1,157 — 30,700 35,940 1,626,816 1,662,756 
Other consumer321 169 — 272 762 68,830 69,592 
Consumer portfolio13,373 4,853 — 56,281 74,507 9,275,796 9,350,303 
Total$34,753 $10,389 $703 $200,233 $246,078 $47,577,797 $47,823,875 
 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 September 30, 2022At December 31, 2021
(In thousands)Non-accrualNon-accrual with No AllowanceNon-accrualNon-accrual with No Allowance
Commercial non-mortgage$61,598 $27,002 $59,607 $4,802 
Asset-based25,093 1,525 2,086 2,086 
Commercial real estate41,961 4,028 5,046 4,310 
Multi-family1,972 1,111 — — 
Equipment financing13,328 1,955 3,728 — 
Commercial portfolio143,952 35,621 70,467 11,198 
Residential25,309 9,540 15,747 10,584 
Home equity30,700 17,416 23,489 18,920 
Other consumer272 3 224 2 
Consumer portfolio56,281 26,959 39,460 29,506 
Total $200,233 $62,580 $109,927 $40,704 
Activity In Allowance For Losses
The following tables summarize the change in the ACL on loans and leases by portfolio segment:
At or for the three months ended September 30,
20222021
(In thousands)Commercial PortfolioConsumer PortfolioTotalCommercial PortfolioConsumer PortfolioTotal
ACL on loans and leases:
Balance, beginning of period$511,745 $59,754 $571,499 $263,071 $44,874 $307,945 
Provision (benefit)34,513 (3,161)31,352 7,681 217 7,898 
Charge-offs(31,356)(1,453)(32,809)(1,723)(2,053)(3,776)
Recoveries1,413 2,870 4,283 142 2,713 2,855 
Balance, end of period$516,315 $58,010 $574,325 $269,171 $45,751 $314,922 
 At or for the nine months ended September 30,
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)230,881 1,267 232,148 (37,049)(2,386)(39,435)
Charge-offs(61,361)(3,469)(64,830)(8,638)(7,835)(16,473)
Recoveries10,542 7,233 17,775 2,614 8,785 11,399 
Balance, end of period$516,315 $58,010 $574,325 $269,171 $45,751 $314,922 
Individually evaluated for impairment36,394 13,278 49,672 7,791 4,308 12,099 
Collectively evaluated for impairment$479,921 $44,732 $524,653 $261,380 $41,443 $302,823 
(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 September 30,Nine months ended September 30,
(In thousands)2022202120222021
Balance, beginning of period$20,149 $11,974 $13,104 $12,755 
ACL assumed from Sterling— — 6,749 — 
Provision (benefit) for credit losses5,180 196 5,476 (585)
Balance, end of period$25,329 $12,170 $25,329 $12,170 
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 September 30, 2022
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Commercial non-mortgage:
Pass$4,106,108 $2,132,870 $1,120,386 $883,826 $685,660 $890,405 $4,906,060 $14,725,315 
Special mention73,417 13,288 — 310 1,118 14,781 43,220 146,134 
Substandard25,231 1,442 72,161 38,086 71,694 18,809 46,113 273,536 
Doubtful— 4 — — — — 3,518 3,522 
Commercial non-mortgage4,204,756 2,147,604 1,192,547 922,222 758,472 923,995 4,998,911 15,148,507 
Asset-based:
Pass8,072 7,610 16,883 15,729 14,561 56,370 1,563,434 1,682,659 
Special mention— — — — — — 40,279 40,279 
Substandard— — 10,017 1,525 — — 69,239 80,781 
Asset-based8,072 7,610 26,900 17,254 14,561 56,370 1,672,952 1,803,719 
Commercial real estate:
Pass2,428,963 2,248,840 1,760,942 1,803,958 1,128,337 2,873,117 107,178 12,351,335 
Special mention21,974 8,267 33,548 22,300 91,283 60,346 — 237,718 
Substandard— 1,502 8,904 29,282 24,376 89,736 — 153,800 
Doubtful— — — 1 — 34 — 35 
Commercial real estate2,450,937 2,258,609 1,803,394 1,855,541 1,243,996 3,023,233 107,178 12,742,888 
Multi-family:
Pass1,309,097 1,123,973 453,324 698,885 489,177 1,843,835 68,623 5,986,914 
Special mention— 37,668 — 95 40,506 9,915 9,276 97,460 
Substandard— — 386 919 12,760 21,292 — 35,357 
Multi-family1,309,097 1,161,641 453,710 699,899 542,443 1,875,042 77,899 6,119,731 
Equipment financing:
Pass328,553 382,901 378,176 364,598 127,688 126,879 — 1,708,795 
Special mention— 195 573 1,691 6,826 1,128 — 10,413 
Substandard481 5,854 18,694 5,758 5,884 8,410 — 45,081 
Equipment financing329,034 388,950 397,443 372,047 140,398 136,417 — 1,764,289 
Warehouse lending:
Pass— — — — — — 894,438 894,438 
Warehouse lending— — — — — — 894,438 894,438 
Commercial portfolio$8,301,896 $5,964,414 $3,873,994 $3,866,963 $2,699,870 $6,015,057 $7,751,378 $38,473,572 
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 September 30, 2022
(In thousands)20222021202020192018PriorRevolving Loans Amortized Cost BasisTotal
Residential:
800+$334,705 $911,161 $449,160 $161,434 $33,136 $1,006,403 $— $2,895,999 
740-799786,495 1,008,396 336,307 119,615 39,329 769,948 — 3,060,090 
670-739308,253 359,002 115,708 59,946 18,853 407,928 — 1,269,690 
580-66932,779 44,896 14,772 8,598 3,283 150,773 — 255,101 
579 and below10,329 4,800 1,401 60,694 1,453 58,398 — 137,075 
Residential1,472,561 2,328,255 917,348 410,287 96,054 2,393,450 — 7,617,955 
Home equity:
800+19,190 34,258 27,296 8,379 12,193 55,519 482,328 639,163 
740-79921,246 37,099 18,237 7,772 10,382 36,451 417,840 549,027 
670-73913,616 18,679 8,092 3,693 7,218 33,343 256,835 341,476 
580-6692,016 2,832 1,383 1,616 1,114 13,264 75,542 97,767 
579 and below443 390 659 590 707 5,047 27,487 35,323 
Home equity56,511 93,258 55,667 22,050 31,614 143,624 1,260,032 1,662,756 
Other consumer:
800+363 246 783 1,229 425 108 21,121 24,275 
740-799646 2,761 2,544 3,227 1,287 889 10,816 22,170 
670-739820 770 3,404 5,281 1,535 281 5,321 17,412 
580-669169 211 424 1,019 263 72 1,560 3,718 
579 and below54 116 110 200 62 31 1,444 2,017 
Other consumer2,052 4,104 7,265 10,956 3,572 1,381 40,262 69,592 
Consumer portfolio$1,531,124 $2,425,617 $980,280 $443,293 $131,240 $2,538,455 $1,300,294 $9,350,303 
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 September 30,
2022		At December 31, 2021
Accrual status$105,703 $110,625 
Non-accrual status65,041 52,719 
Total TDRs$170,744 $163,344 
Additional funds committed to borrowers in TDR status$1,193 $5,975 
Specific reserves for TDRs included in the ACL on loans and leases:
Commercial portfolio$7,274 $9,017 
Consumer portfolio3,863 3,745 
The following table summarizes loans and leases modified as TDRs by class and modification type:
Three months ended September 30,Nine months ended September 30,
2022202120222021
(Dollars in thousands)Number of
Contracts
Recorded
Investment (1)
Number of
Contracts
Recorded
Investment (1)
Number of
Contracts
Recorded
Investment (1)
Number of
Contracts
Recorded
Investment (1)
Commercial non-mortgage
Extended maturity1$241$483$1218$605
Maturity/rate combined332229487658304
Other (2)
1517,408——1640,3723114
Commercial real estate
Extended maturity——————1183
Equipment financing
Other (2)
————11,157——
Residential
Extended maturity————1893199
Maturity/rate combined1124——11242401
Other (2)
1298——73,0602233
Home equity
Extended maturity——————128
Adjusted interest rate————174——
Maturity/rate combined31,515——142,23961,025
Other (2)
64443153301,777171,121
Total TDRs30$20,1356$29582$50,58249$4,113
(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.