Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-03-31 | 2014-06-30 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income: | |||||||||||||||||||||||||||||||||
loans and leases | 1,061,000,000 | 1,167,000,000 | 1,193,000,000 | 1,230,000,000 | 1,251,000,000 | 1,161,000,000 | 867,000,000 | 589,000,000 | 442,000,000 | 424,000,000 | 393,000,000 | 380,000,000 | 376,000,000 | 386,000,000 | 383,430,000 | 388,082,000 | 380,337,000 | 381,884,000 | 391,911,000 | ||||||||||||||
securities and money market investments | 473,000,000 | 381,000,000 | 320,000,000 | 217,000,000 | 261,000,000 | 337,000,000 | 167,000,000 | 92,000,000 | 67,000,000 | 49,000,000 | 36,000,000 | 40,000,000 | 39,000,000 | 45,000,000 | 39,678,000 | 37,745,000 | 37,712,000 | 41,191,000 | 49,131,000 | 57,023,000 | 62,631,000 | 66,118,000 | 48,164,000 | 49,133,000 | 63,087,000 | 58,634,000 | 64,409,000 | 67,325,000 | 69,781,000 | 45,808,000 | 48,454,000 | 54,981,000 | |
total interest income | 1,534,000,000 | 1,548,000,000 | 1,513,000,000 | 1,447,000,000 | 1,512,000,000 | 1,498,000,000 | 1,034,000,000 | 681,000,000 | 509,000,000 | 473,000,000 | 429,000,000 | 420,000,000 | 415,000,000 | 431,000,000 | 423,108,000 | 425,827,000 | 418,049,000 | 423,075,000 | 441,042,000 | 450,683,000 | 454,551,000 | 453,752,000 | 416,096,000 | 419,615,000 | 423,810,000 | 416,550,000 | 428,913,000 | 417,882,000 | 415,311,000 | 412,807,000 | 446,638,000 | 470,923,000 | |
interest expense: | |||||||||||||||||||||||||||||||||
interest-bearing checking and money market accounts | 218,000,000 | 214,000,000 | 232,000,000 | 286,000,000 | 268,000,000 | 232,000,000 | 157,000,000 | 122,000,000 | 72,000,000 | 24,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 7,000,000 | 8,652,000 | 8,988,000 | 9,328,000 | 10,059,000 | 28,564,000 | 33,951,000 | 42,465,000 | 47,772,000 | |||||||||||
savings accounts | 110,000,000 | 64,000,000 | 47,000,000 | 47,000,000 | 43,000,000 | 40,000,000 | 39,000,000 | 27,000,000 | 15,000,000 | 10,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 6,255,000 | 6,915,000 | 7,593,000 | 8,208,000 | 8,934,000 | 9,435,000 | 9,326,000 | 8,861,000 | 7,439,000 | 7,354,000 | 10,208,000 | 12,739,000 | 12,333,000 | 8,259,000 | 6,473,000 | 4,021,000 | 3,496,000 | 4,127,000 | |
certificates of deposit | 372,000,000 | 337,000,000 | 291,000,000 | 210,000,000 | 180,000,000 | 169,000,000 | 87,000,000 | 51,000,000 | 23,000,000 | 12,000,000 | 11,000,000 | 12,000,000 | 11,000,000 | 14,000,000 | 18,471,000 | 28,143,000 | 44,481,000 | 65,233,000 | 79,555,000 | 84,874,000 | 86,934,000 | 80,651,000 | 20,501,000 | 18,738,000 | 15,890,000 | 15,539,000 | 17,116,000 | 18,464,000 | 19,060,000 | 22,235,000 | 23,720,000 | 26,974,000 | |
borrowed funds | 324,000,000 | 376,000,000 | 319,000,000 | 164,000,000 | 139,000,000 | 157,000,000 | 196,000,000 | 102,000,000 | 73,000,000 | 68,000,000 | 70,000,000 | 71,000,000 | 71,000,000 | 72,000,000 | 72,071,000 | 73,864,000 | 74,761,000 | 73,703,000 | 79,522,000 | 79,953,000 | 79,911,000 | 78,778,000 | 53,867,000 | 52,664,000 | 55,227,000 | 97,090,000 | 95,644,000 | 98,296,000 | 97,232,000 | 102,200,000 | 122,275,000 | 125,416,000 | |
total interest expense | 1,024,000,000 | 991,000,000 | 889,000,000 | 707,000,000 | 630,000,000 | 598,000,000 | 479,000,000 | 302,000,000 | 183,000,000 | 114,000,000 | 97,000,000 | 98,000,000 | 97,000,000 | 100,000,000 | 105,449,000 | 117,910,000 | 136,163,000 | 157,203,000 | 196,575,000 | 208,213,000 | 218,636,000 | 216,062,000 | 97,673,000 | 94,042,000 | 95,944,000 | 137,138,000 | 136,145,000 | 134,390,000 | 131,161,000 | 137,631,000 | 158,224,000 | 167,671,000 | |
net interest income | 510,000,000 | 557,000,000 | 624,000,000 | 740,000,000 | 882,000,000 | 900,000,000 | 555,000,000 | 379,000,000 | 326,000,000 | 359,000,000 | 332,000,000 | 322,000,000 | 318,000,000 | 331,000,000 | 317,659,000 | 307,917,000 | 281,886,000 | 265,872,000 | 244,467,000 | 242,470,000 | 235,915,000 | 237,690,000 | 318,423,000 | 325,573,000 | 327,866,000 | 279,412,000 | 292,768,000 | 283,492,000 | 284,150,000 | 275,176,000 | 288,414,000 | 303,252,000 | |
benefit from credit losses | 242,000,000 | 390,000,000 | 315,000,000 | 124,000,000 | 2,000,000 | 9,000,000 | -2,000,000 | 3,569,000 | 11,036,000 | 13,016,000 | 17,574,000 | ||||||||||||||||||||||
net interest income after benefit from credit loan losses | 268,000,000 | 167,000,000 | 309,000,000 | 188,000,000 | 820,000,000 | 851,000,000 | 385,000,000 | 255,000,000 | 324,000,000 | 350,000,000 | 334,000,000 | ||||||||||||||||||||||
non-interest income: | |||||||||||||||||||||||||||||||||
fee income | 42,000,000 | 41,000,000 | 34,000,000 | 39,000,000 | 58,000,000 | 48,000,000 | 27,000,000 | 10,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 5,539,000 | 6,045,000 | 5,240,000 | 3,723,000 | 7,018,000 | 7,002,000 | 7,580,000 | 7,487,000 | 8,640,000 | 7,917,000 | 7,923,000 | 8,765,000 | 8,394,000 | 9,430,000 | 8,894,000 | 8,772,000 | 9,758,000 | 11,899,000 | |
bank-owned life insurance | 10,000,000 | 12,000,000 | 10,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 10,000,000 | 8,000,000 | 10,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 8,000,000 | 6,890,000 | 7,292,000 | 7,566,000 | 9,503,000 | 7,389,000 | 8,118,000 | 6,791,000 | 6,479,000 | 7,029,000 | 6,843,000 | 9,336,000 | 7,117,000 | 6,704,000 | 6,813,000 | 6,829,000 | 7,253,000 | 9,585,000 | 6,889,000 | |
net (loss) on securities | -250,000 | -1,000,000 | |||||||||||||||||||||||||||||||
net return on mortgage servicing rights | 34,000,000 | 19,000,000 | 21,000,000 | 33,000,000 | 23,000,000 | 25,000,000 | 22,000,000 | ||||||||||||||||||||||||||
net gain on loan sales and securitizations | 5,000,000 | 18,000,000 | 20,000,000 | 16,000,000 | 28,000,000 | 25,000,000 | |||||||||||||||||||||||||||
net loan administration income | -8,000,000 | -5,000,000 | 16,000,000 | 17,000,000 | 19,000,000 | 39,000,000 | |||||||||||||||||||||||||||
bargain purchase gain | -121,000,000 | -11,000,000 | 141,000,000 | 2,001,000,000 | |||||||||||||||||||||||||||||
other | 30,000,000 | 29,000,000 | 29,000,000 | 22,000,000 | 21,000,000 | 14,000,000 | 11,000,000 | 7,000,000 | 3,000,000 | 5,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,461,000 | 1,568,000 | 1,246,000 | 1,267,000 | 1,958,000 | 2,372,000 | 9,740,000 | 3,138,000 | |||||||||||
total non-interest income | 113,000,000 | 114,000,000 | 9,000,000 | 127,000,000 | 160,000,000 | 302,000,000 | 2,098,000,000 | 198,000,000 | 17,000,000 | 18,000,000 | 14,000,000 | 16,000,000 | 15,000,000 | 16,000,000 | 14,407,000 | 15,033,000 | 13,768,000 | 15,380,000 | 16,899,000 | 17,462,000 | 24,386,000 | 17,597,000 | 40,595,000 | 37,366,000 | 35,237,000 | 37,587,000 | 52,234,000 | 52,593,000 | 37,235,000 | 75,551,000 | 61,996,000 | 58,610,000 | |
non-interest expense: | |||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||
compensation and benefits | 316,000,000 | 312,000,000 | 333,000,000 | 295,000,000 | 346,000,000 | 289,000,000 | 219,000,000 | 116,000,000 | 79,000,000 | 79,000,000 | 80,000,000 | 74,000,000 | 77,000,000 | 74,000,000 | 78,026,000 | 72,576,000 | 73,182,000 | 75,705,000 | 79,451,000 | 72,525,000 | 75,159,000 | 72,573,000 | 86,079,000 | 85,847,000 | 89,304,000 | 84,177,000 | 87,209,000 | 74,843,000 | 75,740,000 | 83,506,000 | 73,617,000 | 72,068,000 | |
fdic insurance | 98,000,000 | 91,000,000 | |||||||||||||||||||||||||||||||
occupancy and equipment | 59,000,000 | 52,000,000 | 52,000,000 | 58,000,000 | 55,000,000 | 50,000,000 | 37,000,000 | 25,000,000 | 22,000,000 | 22,000,000 | 23,000,000 | 23,000,000 | 22,000,000 | 22,000,000 | 21,481,000 | 22,876,000 | 23,960,000 | 21,177,000 | 17,875,000 | 22,575,000 | 21,748,000 | 21,889,000 | 24,347,000 | 23,675,000 | 25,815,000 | 25,976,000 | 25,299,000 | 24,380,000 | 25,998,000 | 23,600,000 | 21,884,000 | 21,940,000 | |
general and administrative | 188,000,000 | 183,000,000 | 236,000,000 | 254,000,000 | 184,000,000 | 176,000,000 | 136,000,000 | 63,000,000 | 31,000,000 | 33,000,000 | 31,000,000 | 31,000,000 | 30,000,000 | 33,000,000 | 32,894,000 | 38,116,000 | 31,366,000 | 26,711,000 | 28,196,000 | 30,997,000 | 26,395,000 | 28,590,000 | 48,506,000 | 49,533,000 | 41,270,000 | 35,875,000 | 42,744,000 | 46,531,000 | 42,264,000 | 44,569,000 | 49,517,000 | 45,309,000 | |
total operating expense | 661,000,000 | 638,000,000 | 621,000,000 | 607,000,000 | 585,000,000 | 515,000,000 | 392,000,000 | 204,000,000 | 132,000,000 | 134,000,000 | 134,000,000 | ||||||||||||||||||||||
intangible asset amortization | 37,000,000 | 33,000,000 | 35,000,000 | 36,000,000 | 36,000,000 | 37,000,000 | 17,000,000 | ||||||||||||||||||||||||||
merger-related and restructuring expenses | 18,000,000 | 34,000,000 | 43,000,000 | 63,000,000 | 91,000,000 | 109,000,000 | |||||||||||||||||||||||||||
total non-interest expense | 716,000,000 | 705,000,000 | 699,000,000 | 3,132,000,000 | 712,000,000 | 661,000,000 | 476,000,000 | 269,000,000 | 136,000,000 | 138,000,000 | 141,000,000 | 135,000,000 | 135,000,000 | 139,000,000 | 132,401,000 | 133,568,000 | 128,508,000 | 123,593,000 | 125,522,000 | 126,097,000 | 123,302,000 | 123,052,000 | 161,685,000 | 160,911,000 | 158,448,000 | 147,308,000 | 156,836,000 | 147,836,000 | 146,325,000 | 156,096,000 | 150,177,000 | 146,702,000 | |
income before income taxes | -335,000,000 | -424,000,000 | -381,000,000 | -2,817,000,000 | 268,000,000 | 492,000,000 | 2,007,000,000 | 184,000,000 | 205,000,000 | 230,000,000 | 207,000,000 | 199,000,000 | 199,000,000 | 212,000,000 | 196,096,000 | 178,346,000 | 154,130,000 | 140,085,000 | 115,243,000 | 132,133,000 | 132,218,000 | 130,391,000 | 197,388,000 | 201,133,000 | 204,831,000 | 178,719,000 | 188,159,000 | 188,061,000 | 189,690,000 | 185,129,000 | 185,233,000 | 189,160,000 | |
income tax (benefit) expense | -55,000,000 | -101,000,000 | |||||||||||||||||||||||||||||||
net income | -280,000,000 | -323,000,000 | -327,000,000 | -2,705,000,000 | 207,000,000 | 413,000,000 | 2,006,000,000 | 172,000,000 | 152,000,000 | 171,000,000 | 155,000,000 | 150,000,000 | 149,000,000 | 152,000,000 | 145,596,000 | 189,664,000 | 115,770,000 | 105,347,000 | 100,328,000 | 101,174,000 | 99,046,000 | 97,246,000 | 125,299,000 | 126,460,000 | 129,909,000 | 114,688,000 | 119,259,000 | 118,688,000 | 115,254,000 | 118,675,000 | 118,253,000 | 123,176,000 | |
yoy | -235.27% | -178.21% | -116.30% | -1672.67% | 36.18% | 141.52% | 1194.19% | 14.67% | 2.01% | 12.50% | 6.46% | -20.91% | 28.70% | 44.29% | 45.12% | 87.46% | 16.89% | 8.33% | -19.93% | -20.00% | -23.76% | -15.21% | 5.06% | 6.55% | 12.72% | -3.36% | 0.85% | -3.64% | |||||
qoq | -13.31% | -1.22% | -87.91% | -1406.76% | -49.88% | -79.41% | 1066.28% | 13.16% | -11.11% | 10.32% | 3.33% | 0.67% | -1.97% | 4.40% | -23.23% | 63.83% | 9.89% | 5.00% | -0.84% | 2.15% | 1.85% | -22.39% | -0.92% | -2.65% | 13.27% | -3.83% | 0.48% | 2.98% | -2.88% | 0.36% | -4.00% | ||
net income margin % | |||||||||||||||||||||||||||||||||
preferred stock dividends | 9,000,000 | 10,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 9,000,000 | 8,000,000 | 8,207,000 | 8,207,000 | 8,207,000 | 8,207,000 | 8,207,000 | 8,207,000 | 8,207,000 | 8,207,000 | |||||||||||
net income attributable to common stockholders | -289,000,000 | ||||||||||||||||||||||||||||||||
basic earnings per common share | -790,000 | -1,140,000 | -450,000 | -3,780,000 | 270,000 | 550,000 | 2,880,000 | 300,000 | 310,000 | 340,000 | 310,000 | 300,000 | 300,000 | 300,000 | 290 | 390 | 230 | 210 | 200 | 200 | 190 | 190 | |||||||||||
diluted earnings per common share | -790,000 | -1,140,000 | -450,000 | -3,770,000 | 270,000 | 550,000 | 2,870,000 | 300,000 | 300,000 | 340,000 | 310,000 | 300,000 | 300,000 | 300,000 | 290 | 390 | 230 | 210 | 200 | 200 | 190 | 190 | |||||||||||
other comprehensive income, net of tax: | |||||||||||||||||||||||||||||||||
change in net unrealized loss on securities available for sale, net of tax of (71); 69; (40) and 84 | 206,000,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 1; —; — and | 1,000,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of —; | -1,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of ; —; and — | |||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of 5; 2; 15 and 5 | -13,000,000 | ||||||||||||||||||||||||||||||||
total other comprehensive loss, net of tax | 193,000,000 | 3,000,000 | -18,000,000 | -43,750,000 | -153,000,000 | -13,000,000 | -129,250,000 | -149,000,000 | -96,638,000 | ||||||||||||||||||||||||
total comprehensive income, net of tax | -87,000,000 | -320,000,000 | -345,000,000 | -2,509,000,000 | 54,000,000 | 400,000,000 | 1,997,000,000 | 154,000,000 | 3,000,000 | 2,000,000 | -44,000,000 | 157,000,000 | 132,000,000 | 199,000,000 | 48,958,000 | 189,109,000 | 120,667,000 | 156,092,000 | 52,606,000 | 96,182,000 | 100,110,000 | 125,301,000 | 126,096,000 | 128,994,000 | 132,326,000 | 114,871,000 | 122,239,000 | 121,229,000 | 116,622,000 | 117,852,000 | 121,461,000 | 118,350,000 | |
net income available to common stockholders | -333,000,000 | -335,000,000 | -2,713,000,000 | 199,000,000 | 405,000,000 | 1,998,000,000 | 164,000,000 | 144,000,000 | 163,000,000 | 147,000,000 | |||||||||||||||||||||||
change in net unrealized loss on securities available for sale, net of tax of 8; 36; 31 and 15 | -23,000,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 0; | -2,000,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of | 39,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of 0; 1; 0 and 0 | 1,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of 4; 1; 10 and 3 | -12,000,000 | ||||||||||||||||||||||||||||||||
three months ended june 30, 2024 | |||||||||||||||||||||||||||||||||
balance at march 31, 2024 | 268,095,199,000,000 | 804,285,598,000,000 | |||||||||||||||||||||||||||||||
issuance of common shares and conversion of series c preferred to common shares | 83,185,285,000,000 | 83,381,965,000,000 | |||||||||||||||||||||||||||||||
shares issued for restricted stock, net of forfeitures | 79,499,000,000 | -260,595,000,000 | 43,458,000,000 | 515,635,000,000 | 2,877,411,000,000 | ||||||||||||||||||||||||||||
compensation expense related to restricted stock awards | |||||||||||||||||||||||||||||||||
dividends paid on common stock | |||||||||||||||||||||||||||||||||
dividends paid on preferred stock series a | 0 | ||||||||||||||||||||||||||||||||
purchase of common stock | -55,619,000,000 | -902,142,000,000 | -33,956,000,000 | -190,177,000,000 | -976,454,000,000 | ||||||||||||||||||||||||||||
other comprehensive loss, net of tax | |||||||||||||||||||||||||||||||||
balance at june 30, 2024 | 351,304,364,000,000 | ||||||||||||||||||||||||||||||||
three months ended june 30, 2023 | |||||||||||||||||||||||||||||||||
balance at march 31, 2023 | 240,716,766,000,000 | 722,150,297,000,000 | 722,150,297,000,000 | 722,150,297,000,000 | |||||||||||||||||||||||||||||
dividends paid on preferred stock | |||||||||||||||||||||||||||||||||
balance at june 30, 2023 | 240,825,252,000,000 | 1,750,000 | 722,475,755,000,000 | 722,475,755,000,000 | |||||||||||||||||||||||||||||
goodwill impairment | |||||||||||||||||||||||||||||||||
income tax expense | -54,000,000 | -112,000,000 | 61,000,000 | 79,000,000 | 1,000,000 | 12,000,000 | 53,000,000 | 59,000,000 | 52,000,000 | 49,000,000 | 50,000,000 | 60,000,000 | 50,500,000 | -11,318,000 | 38,360,000 | 34,738,000 | 14,915,000 | 30,959,000 | 33,172,000 | 33,145,000 | 72,089,000 | 74,673,000 | 74,922,000 | 64,031,000 | 68,900,000 | 69,373,000 | 74,436,000 | 66,454,000 | 66,980,000 | 65,984,000 | |||
change in net unrealized loss on securities available for sale, net of tax of 23 and (21), respectively | -70,000,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of and —, respectively | |||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of (23) and 23, respectively | 68,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of — and , respectively | 1,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax 6 and 2, respectively | -17,000,000 | ||||||||||||||||||||||||||||||||
three months ended march 31, 2024 | |||||||||||||||||||||||||||||||||
balance at december 31, 2023 | 722,066,370,000,000 | ||||||||||||||||||||||||||||||||
issuance of mezzanine preferred stock series b | 0 | ||||||||||||||||||||||||||||||||
issuance of mezzanine preferred stock series c | 0 | ||||||||||||||||||||||||||||||||
issuance of warrants to purchase common shares | 0 | ||||||||||||||||||||||||||||||||
three months ended march 31, 2023 | |||||||||||||||||||||||||||||||||
balance at december 31, 2022 | 681,217,334,000,000 | 681,217,334,000,000 | |||||||||||||||||||||||||||||||
issuance and exercise of fdic equity appreciation instrument | 39,032,006,000,000 | 39,032,006,000,000 | |||||||||||||||||||||||||||||||
benefit from (recovery of) credit losses | 70,250,000 | 62,000,000 | 49,000,000 | 170,000,000 | 20,601,000 | ||||||||||||||||||||||||||||
other comprehensive loss, net of tax: | |||||||||||||||||||||||||||||||||
change in net unrealized loss on securities available for sale, net of tax of 69; 67; 84 and 217, respectively | -59,250,000 | -195,000,000 | |||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of —; —; and —, respectively | 500,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of (17); (11); (26) and (18), respectively | 18,000,000 | 47,000,000 | |||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of —; —; — and —, respectively | 500,000 | 1,000,000 | |||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax 2; 1; 5 and , respectively | -3,500,000 | -6,000,000 | |||||||||||||||||||||||||||||||
three months ended september 30, 2023 | |||||||||||||||||||||||||||||||||
balance at september 30, 2023 | 1,750,000 | 722,485,257,000,000 | |||||||||||||||||||||||||||||||
three months ended september 30, 2022 | |||||||||||||||||||||||||||||||||
balance at june 30, 2022 | 1,250,000 | 466,243,078,000,000 | 466,243,078,000,000 | ||||||||||||||||||||||||||||||
balance at september 30, 2022 | 1,250,000 | 466,136,056,000,000 | |||||||||||||||||||||||||||||||
change in net unrealized loss on securities available for sale, net of tax of 36; 68; 15 and 150;, respectively | -102,000,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of ; 0; and 0;, respectively | 1,000,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of (32); ; and ;, respectively | 92,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of 1; 0; 0 and 0;, respectively | |||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax 1; 0; 3 and ;, respectively | -4,000,000 | ||||||||||||||||||||||||||||||||
three months ended june 30, 2022 | |||||||||||||||||||||||||||||||||
balance at march 31, 2022 | 467,024,144,000,000 | 467,024,144,000,000 | |||||||||||||||||||||||||||||||
net gain on loan sales | 20,000,000 | ||||||||||||||||||||||||||||||||
loan administration income | 7,000,000 | ||||||||||||||||||||||||||||||||
net income on securities | -500,000 | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||
merger-related expenses | 67,000,000 | 60,000,000 | 4,000,000 | 4,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 10,000,000 | 2,211,000 | 1,250,000 | 1,213,000 | ||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of (21); 6; and 82;, respectively | 60,000,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 0; 6; and 0;, respectively | 1,000,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of 23; ; and ;, respectively | -67,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of ; 0; and 0;, respectively | 1,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax 2; 2; and ;, respectively | -4,000,000 | ||||||||||||||||||||||||||||||||
total other comprehensive income, net of tax | -9,000,000 | -169,000,000 | -199,000,000 | -555,000 | 4,897,000 | 50,745,000 | -47,722,000 | -4,992,000 | 1,064,000 | 28,055,000 | 797,000 | 2,534,000 | 2,417,000 | 183,000 | 2,980,000 | 2,541,000 | 1,368,000 | -823,000 | 3,208,000 | ||||||||||||||
three months ended march 31, 2022 | |||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available-for-sale, net of tax of 67; 9; 217 and 34, respectively | -141,750,000 | -176,000,000 | |||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 0; 0; 0 and , respectively | -250,000 | -1,000,000 | |||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of (11); 0; (18) and 0, respectively | 11,500,000 | 28,000,000 | |||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 0; 0; 0 and 0, respectively | |||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of 0; 0; 0 and , respectively | 500,000 | 1,000,000 | |||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax 1; ; and , respectively | 750,000 | -2,000,000 | |||||||||||||||||||||||||||||||
change in net unrealized gain on securities available-for-sale, net of tax of 68; (16); 150 and 25, respectively | -176,000,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of ; 0; and , respectively | 6,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of 0; ; 0 and , respectively | 1,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax 0; ; and , respectively | 1,000,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available-for-sale, net of tax of 82; and 41, respectively | -215,000,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 0; and , respectively | |||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of and , respectively | 12,000,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 0; and 0, respectively | |||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of 0; and 0, respectively | |||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax ; and , respectively | 4,000,000 | ||||||||||||||||||||||||||||||||
(recovery of) benefit from credit losses | -250,000 | -1,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||
net interest income after (recovery of) benefit from credit losses | 242,000,000 | 319,000,000 | 335,000,000 | ||||||||||||||||||||||||||||||
net gain on securities | -483,000 | 128,000 | -284,000 | 887,000 | 534,000 | -30,000 | 275,000 | 493,000 | |||||||||||||||||||||||||
total operating expenses | 97,500,000 | 129,000,000 | 129,000,000 | 158,932,000 | 159,055,000 | 156,389,000 | 146,028,000 | 155,252,000 | 145,754,000 | 144,002,000 | 151,675,000 | 145,018,000 | 139,317,000 | ||||||||||||||||||||
net income available to common shareholders | 105,250,000 | 140,000,000 | 144,000,000 | 137,389,000 | 181,457,000 | 107,563,000 | 97,140,000 | 92,121,000 | 92,967,000 | 90,839,000 | 89,039,000 | ||||||||||||||||||||||
other comprehensive gain, net of tax: | |||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of 9; 0; 34 and (16) respectively | -22,250,000 | -23,000,000 | |||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 0; 0; and 0, respectively | 750,000 | 1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of 0; 1; 0 and 16, respectively | 250,000 | -2,000,000 | |||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of 0; 0; and , respectively | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of ; ; and , respectively | 3,500,000 | 6,000,000 | |||||||||||||||||||||||||||||||
total other comprehensive gain, net of tax | -16,750,000 | -17,000,000 | 47,000,000 | ||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of (16); (20); 25 and (16) respectively | 42,000,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of 0; 2; and 16, respectively | |||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of ; 0; and , respectively | 2,000,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of ; 0; and 0, respectively | 4,000,000 | ||||||||||||||||||||||||||||||||
net interest income after benefit from credit losses | 314,090,000 | 185,258,250 | 268,870,000 | 248,298,000 | |||||||||||||||||||||||||||||
change in net unrealized loss on securities available for sale, net of tax of 41,123 and 4,611, respectively | -108,689,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of (1,238) and (19), respectively | 3,271,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of (1,245) and 13,397, respectively | 3,287,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 0; 206, respectively | |||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of (462), (487), respectively | 1,219,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of (1,617) and 178, respectively | 4,274,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of (444); 666; (16,237) and (22,434), respectively | 10,702,250 | 1,170,000 | |||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of (18); ; (54) and (33), respectively | 34,500 | 46,000 | |||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of 520 and 16,212 | -10,681,000 | -1,373,000 | |||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of (14); 0; 188 and 1,527, respectively | -123,750 | 37,000 | |||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of (488); (708); (1,464) and (2,098), respectively | 965,250 | 1,287,000 | |||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of | 1,082,750 | 3,730,000 | 1,068,000 | ||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of (20,404); (10,232); (15,793) and (23,100), respectively | 53,796,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of (18); (15); (36) and (31), respectively | 47,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of 2,295 and 15,692 | -5,463,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of ; 10; 202 and 1,527, respectively | 11,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of (488); (695); (976) and (1,390), respectively | 1,286,000 | ||||||||||||||||||||||||||||||||
net interest income after benefit from (recovery of) credit losses | 223,866,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of 4,611; and (12,868), respectively | -12,157,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of (19); and (16), respectively | 45,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on cash flow hedges, net of tax of 13,397 | -35,888,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 206; and 1,517, respectively | -543,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of 178 | -467,000 | ||||||||||||||||||||||||||||||||
reclassification adjustment for defined benefit pension plan, net of tax of (487) and (695), respectively | 1,288,000 | ||||||||||||||||||||||||||||||||
mortgage and other loans and leases | 393,660,000 | 391,920,000 | 387,634,000 | ||||||||||||||||||||||||||||||
benefit from losses on loans | 1,350,750 | 4,781,000 | 1,844,000 | ||||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 177,381,750 | 231,134,000 | 235,846,000 | 265,674,000 | 273,414,000 | ||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of 666; 8,738; (22,434) and 40,456, respectively | 14,564,000 | -757,000 | |||||||||||||||||||||||||||||||
change in the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 0; 0; 0; and (821), respectively | |||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of (710); (547); (2,131) and (11,611), respectively | 1,366,000 | 1,821,000 | |||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 0; 0; 1,527 and 0 respectively | -979,500 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of (10,232); 7,111; (23,100) and 31,718, respectively | 26,258,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of (710); (547); (1,421) and (11,064), respectively | 1,823,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 10; 0; 1,527 and 0, respectively | -26,000 | ||||||||||||||||||||||||||||||||
mortgage and other loans | 367,932,000 | 370,482,000 | 360,723,000 | 357,916,000 | 364,504,000 | 350,557,000 | 345,530,000 | 366,999,000 | 398,184,000 | 415,942,000 | |||||||||||||||||||||||
now and money market accounts | 15,866,000 | 15,286,000 | 14,619,000 | 11,770,000 | 11,052,000 | 9,371,000 | 8,396,000 | 9,175,000 | 8,733,000 | 11,154,000 | |||||||||||||||||||||||
benefit from (recovery of) losses on non-covered loans | 1,234,000 | 2,744,000 | 2,721,000 | ||||||||||||||||||||||||||||||
recovery of losses on covered loans | -1,289,000 | -8,516,000 | |||||||||||||||||||||||||||||||
net interest income after benefit from (recoveries of) loan losses | 318,478,000 | ||||||||||||||||||||||||||||||||
mortgage banking income | 12,925,000 | 6,957,000 | 4,138,000 | 7,474,000 | 18,406,000 | 15,291,000 | 14,610,000 | 26,109,000 | 35,165,000 | 19,938,000 | |||||||||||||||||||||||
net gain on sales of loans | 3,465,000 | 5,878,000 | |||||||||||||||||||||||||||||||
net gain on sales of securities | 237,000 | 13,000 | 163,000 | 140,000 | 211,000 | 262,000 | 4,873,000 | 718,000 | 9,992,000 | ||||||||||||||||||||||||
fdic indemnification expense | -1,031,000 | -6,813,000 | |||||||||||||||||||||||||||||||
other income | 9,330,000 | 11,237,000 | 15,995,000 | 20,904,000 | 17,817,000 | 20,647,000 | 9,877,000 | 13,193,000 | 6,770,000 | 9,892,000 | |||||||||||||||||||||||
amortization of core deposit intangibles | 542,000 | 606,000 | 846,000 | 1,280,000 | 1,584,000 | 2,082,000 | 2,323,000 | 4,421,000 | 5,159,000 | 7,385,000 | |||||||||||||||||||||||
change in net unrealized gain/loss on securities available for sale, net of tax of 396; 759; 1,186; and 892, respectively | -558,000 | ||||||||||||||||||||||||||||||||
change in the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 12; 11; 36; and 33, respectively | 19,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 946; 879; 2,837; and 2,638, respectively | 1,336,000 | ||||||||||||||||||||||||||||||||
basic earnings per share | 0.26 | 0.26 | 0.27 | 0.26 | 0.27 | 0.27 | 0.26 | 0.27 | 0.27 | 0.28 | |||||||||||||||||||||||
diluted earnings per share | 0.26 | 0.26 | 0.27 | 0.26 | 0.27 | 0.27 | 0.26 | 0.27 | 0.27 | 0.28 | |||||||||||||||||||||||
(recovery of) benefit from losses on covered loans | -1,849,000 | -2,897,000 | -14,630,000 | ||||||||||||||||||||||||||||||
net interest income after provisions for (recoveries of) loan losses | 324,678,000 | ||||||||||||||||||||||||||||||||
fdic indemnification income | -1,479,000 | -2,318,000 | 702,000 | 150,000 | -11,704,000 | 3,602,000 | |||||||||||||||||||||||||||
change in net unrealized gain/loss on securities available for sale, net of tax of 836; 1,294; 1,582; and 133, respectively | 1,180,000 | ||||||||||||||||||||||||||||||||
change in the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 12; 11; 24; and 22, respectively | 19,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 946; 915; 1,891; and 1,759, respectively | 1,335,000 | ||||||||||||||||||||||||||||||||
net interest income after provisions for (recoveries) loan losses | 328,042,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of 746 and 1,161, respectively | 1,062,000 | ||||||||||||||||||||||||||||||||
change in the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 12 and 11, respectively | 19,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 945 and 844, respectively | 1,336,000 | ||||||||||||||||||||||||||||||||
recovery of losses on non-covered loans | -512,000 | -870,000 | |||||||||||||||||||||||||||||||
net interest income after recoveries of loan losses | 288,440,000 | ||||||||||||||||||||||||||||||||
gain on visa shares sold | 3,856,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain/loss on securities available for sale, net of tax of 759; 292; 892; and 3,696, respectively | -1,047,000 | ||||||||||||||||||||||||||||||||
change in the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 11; 110; 33; and 132, respectively | 18,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 879; 357; 2,638; and 1,070, respectively | 1,212,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 73 and 2,146, respectively | |||||||||||||||||||||||||||||||||
benefit from (recovery of) losses on covered loans | 877,000 | 188,000 | |||||||||||||||||||||||||||||||
net interest income after (recoveries of) provisions for loan losses | 292,761,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of 1,161 and 2,529, respectively | 1,715,000 | ||||||||||||||||||||||||||||||||
change in the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 11 and 11, respectively | 17,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 844 and 357, respectively | 1,248,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 1,969 | |||||||||||||||||||||||||||||||||
benefit from losses on non-covered loans | 5,000,000 | 15,000,000 | 26,000,000 | ||||||||||||||||||||||||||||||
net interest income after provisions for (recovery of) loan losses | 283,304,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain/loss on securities available for sale, net of tax of 1,459; 2,845; 3,988; and 2,382, respectively | 2,156,000 | ||||||||||||||||||||||||||||||||
change in the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 11; 4,768; 22; and 4,785, respectively | 17,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 356; 1,008; 713; and 2,016, respectively | 526,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 104; 50; 2,073; and 2,098, respectively | -158,000 | ||||||||||||||||||||||||||||||||
net interest income after (recovery of) benefit from loan losses | 298,780,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale, net of tax of 2,529 and 463, respectively | 3,729,000 | ||||||||||||||||||||||||||||||||
change in the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 11 and 17, respectively | 17,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 357 and 1,008, respectively | 526,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 1,969 and 2,048, respectively | -2,904,000 | ||||||||||||||||||||||||||||||||
benefit from losses on covered loans | 4,502,000 | ||||||||||||||||||||||||||||||||
gain on sales of securities | 16,622,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gains and losses on securities available for sale, net of tax of 463 and 1,377, respectively | 685,000 | ||||||||||||||||||||||||||||||||
amortization of the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 17 and 15, respectively | 28,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 1,008 and 1,042, respectively | 1,486,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available-for-sale securities, net of tax of 2,048 and 275, respectively | -3,022,000 | ||||||||||||||||||||||||||||||||
change in net unrealized gain/loss on securities available for sale, net of tax of 1,377 and 2,578, respectively | 2,091,000 | ||||||||||||||||||||||||||||||||
amortization of the non-credit portion of otti losses recognized in other comprehensive income, net of tax of 15 and 14, respectively | 23,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations, net of tax of 1,042 and 501, respectively | 1,537,000 | ||||||||||||||||||||||||||||||||
less: reclassification adjustment for sales of available for sale securities, net of tax of 275 and 1,178, respectively | -443,000 | ||||||||||||||||||||||||||||||||
net interest income after provisions for loan losses | 277,252,000 | ||||||||||||||||||||||||||||||||
total loss on otti of securities | |||||||||||||||||||||||||||||||||
less: non-credit portion of otti recorded in other comprehensive income | |||||||||||||||||||||||||||||||||
net income on otti recognized in earnings | |||||||||||||||||||||||||||||||||
gain on debt repurchase | |||||||||||||||||||||||||||||||||
net change in unrealized losses on securities and non-credit portion of otti losses on securities | -5,570,000 | ||||||||||||||||||||||||||||||||
change in pension and post-retirement obligations | 744,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.