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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Assets      
Cash and due from banks $ 462,516 $ 411,150 $ 426,325
Federal funds sold and securities purchased under resale agreements 700,056 700,055 52
Interest-bearing deposits with banks 4,013,597 5,372,603 3,348,794
Available-for-sale securities, at fair value 2,998,898 2,327,793 2,430,749
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $159, $78 and $99 at March 31, 2022, December 31, 2021 and March 31, 2021, respectively ($3.1 billion, $2.9 billion and $2.1 billion fair value at March 31, 2022, December 31, 2021 and March 31, 2021, respectively) 3,435,729 2,942,285 2,166,419
Trading account securities 852 1,061 951
Equity securities with readily determinable fair value 92,689 90,511 90,338
Federal Home Loan Bank and Federal Reserve Bank stock 136,163 135,378 135,881
Brokerage customer receivables 22,888 26,068 19,056
Mortgage loans held-for-sale, at fair value 606,545 817,912 1,260,193
Loans, net of unearned income 35,280,547 34,789,104 33,171,233
Allowance for loan losses (301,168) (299,653) (321,209)
Premises, software and equipment, net 761,213 766,405 760,522
Lease investments, net 240,656 242,082 238,984
Accrued interest receivable and other assets 1,066,750 1,084,115 1,230,362
Goodwill 655,402 655,149 646,017
Other acquisition-related intangible assets 26,699 28,307 34,035
Total assets 50,250,661 50,142,143 45,682,202
Deposits:      
Non-interest-bearing 13,748,918 14,179,980 12,297,337
Interest-bearing 28,470,404 27,915,605 25,575,315
Total deposits 42,219,322 42,095,585 37,872,652
Federal Home Loan Bank advances 1,241,071 1,241,071 1,228,436
Other borrowings 482,516 494,136 516,877
Subordinated notes 437,033 436,938 436,595
Junior Subordinated Debentures 253,566 253,566 253,566
Trade date securities payable 437 0 995
Accrued interest payable and other liabilities 1,124,460 1,122,159 1,120,570
Total liabilities 45,758,405 45,643,455 41,429,691
Shareholders’ Equity:      
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at March 31, 2022, December 31, 2021 and March 31, 2021; 59,090,903 shares issued at March 31, 2022, 58,891,780 shares issued at December 31, 2021 and 58,726,900 shares issued at March 31, 2021 59,091 58,892 58,727
Surplus 1,698,093 1,685,572 1,663,008
Treasury stock, at cost, 1,837,689 shares at March 31, 2022, 1,837,689 shares at December 31, 2021, and 1,703,627 shares at March 31, 2021 (109,903) (109,903) (100,363)
Retained earnings 2,548,474 2,447,535 2,208,535
Accumulated other comprehensive (loss) income (115,999) 4,092 10,104
Total shareholders’ equity 4,492,256 4,498,688 4,252,511
Total liabilities and shareholders’ equity 50,250,661 50,142,143 45,682,202
Loans      
Assets      
Loans, net of unearned income 35,280,547 34,789,104 33,171,233
Allowance for loan losses (250,539) (247,835) (277,709)
Net loans 35,030,008 34,541,269 32,893,524
Series D - $25 liquidation value; 5,000,000 shares issued and outstanding at March 31, 2022, December 31, 2021 and March 31, 2021      
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 March 31, 2022, December 31, 2021 and March 31, 2021      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: $ 287,500 $ 287,500 $ 287,500