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Consolidated Statements Of Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Assets      
Cash and due from banks $ 344,999 $ 286,167 $ 300,934
Federal funds sold and securities purchased under resale agreements 58 309 58
Interest bearing deposits with banks 4,015,072 2,164,560 1,437,105
Available-for-sale securities, at fair value 3,194,961 3,106,214 2,186,154
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $65 at June 30, 2020 ($744.3 million, $1.1 billion and $1.2 billion fair value at June 30, 2020, December 31, 2019 and June 30, 2019 respectively) 728,465 1,134,400 1,191,634
Trading account securities 890 1,068 2,430
Equity securities with readily determinable fair value 52,460 50,840 44,319
Federal Home Loan Bank and Federal Reserve Bank stock 135,571 100,739 92,026
Brokerage customer receivables 14,623 16,573 13,569
Mortgage loans held-for-sale, at fair value 833,163 377,313 394,975
Loans, net of unearned income 31,402,903 26,800,290 25,304,659
Allowance for loan losses (313,510) (156,828) (160,421)
Net loans 31,089,393 26,643,462 25,144,238
Premises and equipment, net 769,909 754,328 711,214
Lease investments, net 237,040 231,192 230,111
Accrued interest receivable and other assets 1,437,832 1,061,141 1,023,896
Trade date securities receivable 0 0 237,607
Goodwill 644,213 645,220 584,911
Other intangible assets 41,368 47,057 46,588
Total assets 43,540,017 36,620,583 33,641,769
Deposits:      
Non-interest bearing 10,204,791 7,216,758 6,719,958
Interest bearing 25,447,083 22,890,380 20,798,857
Total deposits 35,651,874 30,107,138 27,518,815
Federal Home Loan Bank advances 1,228,416 674,870 574,823
Other borrowings 508,535 418,174 418,057
Subordinated notes 436,298 436,095 436,021
Junior subordinated debentures 253,566 253,566 253,566
Accrued interest payable and other liabilities 1,471,110 1,039,490 993,537
Total liabilities 39,549,799 32,929,333 30,194,819
Shareholders’ Equity:      
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at June 30, 2020, December 31, 2019 and June 30, 2019; 58,294,456 shares issued at June 30, 2020, 57,950,803 shares issued at December 31, 2019 and 56,794,328 shares issued at June 30, 2019 58,294 57,951 56,794
Surplus 1,643,864 1,650,278 1,569,969
Treasury stock, at cost, 720,784 shares at June 30, 2020, 128,912 shares at December 31, 2019, and 126,482 shares at June 30, 2019 (44,891) (6,931) (6,650)
Retained earnings 1,921,048 1,899,630 1,747,266
Accumulated other comprehensive loss (597) (34,678) (45,429)
Total shareholders’ equity 3,990,218 3,691,250 3,446,950
Total liabilities and shareholders’ equity 43,540,017 36,620,583 33,641,769
Series D - $25 liquidation value; 5,000,000 shares issued and outstanding at June 30, 2020, December 31, 2019 and June 30, 2019      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: 125,000 125,000 125,000
Series E - $25,000 liquidation value; 11,500 shares issued and outstanding at June 30, 2020 and no shares issued and outstanding at December 31, 2019 and June 30, 2019      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: $ 287,500 $ 0 $ 0