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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME:      
Loans and leases $ 1,848 $ 1,525 $ 1,542
Securities and money market investments 244 164 166
Total interest income 2,092 1,689 1,708
INTEREST EXPENSE:      
Interest-bearing checking and money market accounts 226 31 57
Savings accounts 60 28 32
Certificates of deposit 97 55 217
Borrowed funds 313 286 302
Total interest expense 696 400 608
Net interest income 1,396 1,289 1,100
Provision for credit losses 133 3 62
Net interest income after provision for credit loan losses 1,263 1,286 1,038
NON-INTEREST INCOME:      
Fee income 27 23 22
Bank-owned life insurance 32 29 32
Net (loss) gain on securities (2)   1
Net return on mortgage servicing rights 6    
Net gain on loan sales 5    
Loan administration income 3    
Bargain purchase gain 159    
Other 17 9 6
Total non-interest income 247 61 61
Operating expenses:      
Compensation and benefits 354 303 301
Occupancy and equipment 92 88 86
General and administrative 158 127 124
Total operating expenses 604 518 511
Intangible asset amortization 5    
Merger-related expenses 75 23  
Total non-interest expense 684 541 511
Income before income taxes 826 806 588
Income tax expense 176 210 77
Net income 650 596 511
Preferred stock dividends 33 33 33
Net income available to common shareholders $ 617 $ 563 $ 478
Basic earnings per common share $ 1.26 $ 1.20 $ 1.02
Diluted earnings per common share $ 1.26 $ 1.20 $ 1.02
Net income $ 650 $ 596 $ 511
Other comprehensive income (loss), net of tax:      
Change in net unrealized (loss) gain on securities available for sale, net of tax of $223; $42; and $(16), respectively (581) (112) 42
Change in pension and post-retirement obligations, net of tax of $6; $(8); and $(2) (17) 23 (5)
Change in net unrealizedgain (loss) on cash flow hedges, net of tax of $(24); $(2) and 16$, respectively 64 6 (42)
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $-; $-; and $-;, respectively     (1)
Reclassification adjustment for defined benefit pension plan, net of tax of $0; $(2) and $(2), respectively 2 5 5
Reclassification adjustment for net gain on cash flow hedges included in net income, net of tax$1; $(7);and $(3) , respectively (3) 18 8
Total other comprehensive (loss) income, net of tax (535) (60) 7
Total comprehensive income, net of tax $ 115 $ 536 $ 518