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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Assets      
Cash and due from banks $ 489,590 $ 411,150 $ 462,244
Federal funds sold and securities purchased under resale agreements 57 700,055 55
Interest-bearing deposits with banks 3,968,605 5,372,603 5,232,315
Available-for-sale securities, at fair value 2,923,653 2,327,793 2,373,478
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $310, $78 and $83 at September 30, 2022, December 31, 2021 and September 30, 2021, respectively ($2.7 billion, $2.9 billion and $2.7 billion fair value at September 30, 2022, December 31, 2021 and September 30, 2021, respectively) 3,389,842 2,942,285 2,736,722
Trading account securities 179 1,061 1,103
Equity securities with readily determinable fair value 114,012 90,511 88,193
Federal Home Loan Bank and Federal Reserve Bank stock 178,156 135,378 135,408
Brokerage customer receivables 20,327 26,068 26,378
Mortgage loans held-for-sale, at fair value 376,160 817,912 925,312
Loans, net of unearned income 38,167,613 34,789,104 33,264,043
Allowance for loan losses (315,028) (299,653) (296,055)
Premises, software and equipment, net 763,029 766,405 748,872
Lease investments, net 244,822 242,082 243,933
Accrued interest receivable and other assets 1,316,305 1,084,115 1,166,917
Goodwill 653,079 655,149 645,792
Other acquisition-related intangible assets 23,620 28,307 30,118
Total assets 52,382,939 50,142,143 47,832,271
Deposits:      
Non-interest-bearing 13,529,277 14,179,980 13,255,417
Interest-bearing 29,267,914 27,915,605 26,697,141
Total deposits 42,797,191 42,095,585 39,952,558
Federal Home Loan Bank advances 2,316,071 1,241,071 1,241,071
Other borrowings 447,215 494,136 504,527
Subordinated notes 437,260 436,938 436,811
Junior Subordinated Debentures 253,566 253,566 253,566
Trade date securities payable 0 0 1,348
Accrued interest payable and other liabilities 1,493,656 1,122,159 1,032,073
Total liabilities 47,744,959 45,643,455 43,421,954
Shareholders’ Equity:      
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at September 30, 2022, December 31, 2021 and September 30, 2021; 60,743,335 shares issued at September 30, 2022, 58,891,780 shares issued at December 31, 2021 and 58,793,715 shares issued at September 30, 2021 60,743 58,892 58,794
Surplus 1,891,621 1,685,572 1,674,062
Treasury stock, at cost, no shares at September 30, 2022, 1,837,689 shares at December 31, 2021, and 1,837,689 shares at September 30, 2021 0 (109,903) (109,903)
Retained earnings 2,731,844 2,447,535 2,373,447
Accumulated other comprehensive (loss) income (458,728) 4,092 1,417
Total shareholders’ equity 4,637,980 4,498,688 4,410,317
Total liabilities and shareholders’ equity 52,382,939 50,142,143 47,832,271
Series D - $25 liquidation value; 5,000,000 shares issued and outstanding at September 30, 2022, December 31, 2021 and September 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 September 30, 2022, December 31, 2021 and September 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 38,167,613 34,789,104 33,264,043
Allowance for loan losses (246,110) (247,835) (248,612)
Net loans $ 37,921,503 $ 34,541,269 $ 33,015,431