NON-INTEREST INCOME AND OTHER EXPENSES (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

The following table presents the details of the Company's Non-interest income for the following periods:


	Three-Month Period Ended September 30,				Nine-Month Period Ended September 30,
(in thousands)	2020		2019		2020		2019
Non-interest income:
Consumer and commercial fees	$	123,834	$	133,049	$	356,907	$	412,566
Lease income	742,946		735,783		2,269,613		2,116,503
Miscellaneous income, net
Mortgage banking income, net	14,115		15,343		47,243		38,067
BOLI	14,855		15,338		43,764		45,769
Capital market revenue	56,949		48,326		179,417		146,290
Net gain on sale of operating leases	120,387		48,490		170,484		120,980
Asset and wealth management fees	52,984		45,020		156,575		132,224
Loss on sale of non-mortgage loans	(56,684)		(87,399)		(241,324)		(238,771)
Other miscellaneous (loss) / income, net	105,616		44,915		(25,994)		83,290
Net gain on sale of investment securities	(148)		2,267		31,646		2,646
Total Non-interest income	$	1,174,854	$	1,001,132	$	2,988,331	$	2,859,564

Disaggregation of Revenue from Contracts with Customers

The following table presents the Company's Non-interest income disaggregated by revenue source:


	Three-Month Period Ended September 30,				Nine-Month Period Ended September 30,
(in thousands)	2020		2019		2020		2019
Non-interest income:
In-scope of revenue from contracts with customers:
Depository services(1)	$	45,674	$	63,016	$	144,703	$	179,298
Commission and trailer fees(2)	47,466		39,971		144,730		119,607
Interchange income, net(2)	15,648		16,891		47,567		49,854
Underwriting service fees(2)	35,186		27,043		110,593		77,835
Asset and wealth management fees(2)	32,283		35,169		101,574		109,166
Other revenue from contracts with customers(2)	13,577		9,924		52,168		30,303
Total in-scope of revenue from contracts with customers	189,834		192,014		601,335		566,063
Out-of-scope of revenue from contracts with customers:
Consumer and commercial fees(3)	64,860		59,432		178,248		200,972
Lease income	742,946		735,783		2,269,613		2,116,503
Miscellaneous loss(3)	177,362		11,636		(92,511)		(26,620)
Net gain/(loss) on sale of investment securities	(148)		2,267		31,646		2,646
Total out-of-scope of revenue from contracts with customers	985,020		809,118		2,386,996		2,293,501
Total non-interest income	$	1,174,854	$	1,001,132	$	2,988,331	$	2,859,564

(1) Primarily recorded in the Company's Consolidated Statements of Operations within Consumer and commercial fees.

(2) Primarily recorded in the Company's Consolidated Statements of Operations within Miscellaneous income, net.

(3) The balance presented excludes certain revenue streams that are considered in-scope and presented above.

Schedule of Other Expense

The following table presents the Company's other expenses for the following periods:


	Three-Month Period Ended September 30,				Nine-Month Period Ended September 30,
(in thousands)	2020		2019		2020		2019(1)
Other expenses:
Amortization of intangibles	$	14,724	$	14,742	$	44,211	$	44,250
Deposit insurance premiums and other expenses	13,440		11,104		39,779		53,348
Loss on debt extinguishment	—		6		1,026		1,133

Other administrative expenses	115,909		145,870		313,344		404,399
Other miscellaneous expenses	6,176		18,407		29,618		33,236
Total Other expenses	$	150,249	$	190,129	$	427,978	$	536,366

(1) The nine-month period ended September 30, 2019 includes $25.3 million of FDIC insurance premiums that relates to periods from the first quarter of 2015 through the fourth quarter of 2018. The Company has concluded that the out-of-period correction is immaterial to all impacted periods.