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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Assets      
Cash and due from banks $ 498,891 $ 411,150 $ 434,957
Federal funds sold and securities purchased under resale agreements 475,056 700,055 52
Interest-bearing deposits with banks 3,266,541 5,372,603 4,707,415
Available-for-sale securities, at fair value 2,970,121 2,327,793 2,188,608
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $83, $78 and $90 at June 30, 2022, December 31, 2021 and June 30, 2021, respectively ($2.9 billion, $2.9 billion and $2.5 billion fair value at June 30, 2022, December 31, 2021 and June 30, 2021, respectively) 3,413,469 2,942,285 2,498,232
Trading account securities 1,010 1,061 2,667
Equity securities with readily determinable fair value 93,295 90,511 86,316
Federal Home Loan Bank and Federal Reserve Bank stock 136,138 135,378 136,625
Brokerage customer receivables 21,527 26,068 23,093
Mortgage loans held-for-sale, at fair value 513,232 817,912 984,994
Loans, net of unearned income 37,053,103 34,789,104 32,911,187
Allowance for loan losses (312,109) (299,653) (304,031)
Premises, software and equipment, net 762,381 766,405 752,375
Lease investments, net 223,813 242,082 219,023
Accrued interest receivable and other assets 1,112,697 1,084,115 1,185,811
Trade date securities receivable 0 0 189,851
Goodwill 654,709 655,149 646,336
Other acquisition-related intangible assets 25,118 28,307 31,997
Total assets 50,969,332 50,142,143 46,738,450
Deposits:      
Non-interest-bearing 13,855,844 14,179,980 12,796,110
Interest-bearing 28,737,482 27,915,605 26,008,506
Total deposits 42,593,326 42,095,585 38,804,616
Federal Home Loan Bank advances 1,166,071 1,241,071 1,241,071
Other borrowings 482,787 494,136 518,493
Subordinated notes 437,162 436,938 436,719
Junior Subordinated Debentures 253,566 253,566 253,566
Accrued interest payable and other liabilities 1,308,797 1,122,159 1,144,974
Total liabilities 46,241,709 45,643,455 42,399,439
Shareholders’ Equity:      
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at June 30, 2022, December 31, 2021 and June 30, 2021; 60,721,889 shares issued at June 30, 2022, 58,891,780 shares issued at December 31, 2021 and 58,770,304 shares issued at June 30, 2021 60,722 58,892 58,770
Surplus 1,880,913 1,685,572 1,669,002
Treasury stock, at cost, no shares at June 30, 2022, 1,837,689 shares at December 31, 2021, and 1,703,627 shares at June 30, 2021 0 (109,903) (100,363)
Retained earnings 2,616,525 2,447,535 2,288,969
Accumulated other comprehensive (loss) income (243,037) 4,092 10,133
Total shareholders’ equity 4,727,623 4,498,688 4,339,011
Total liabilities and shareholders’ equity 50,969,332 50,142,143 46,738,450
Series D - $25 liquidation value; 5,000,000 shares issued and outstanding at June 30, 2022, December 31, 2021 and June 30, 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 June 30, 2022, December 31, 2021 and June 30, 2021      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: 287,500 287,500 287,500
Loans      
Assets      
Loans, net of unearned income 37,053,103 34,789,104 32,911,187
Allowance for loan losses (251,769) (247,835) (261,089)
Net loans $ 36,801,334 $ 34,541,269 $ 32,650,098