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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 423,404 $ 490,908
Federal funds sold and securities purchased under resale agreements 60 58
Interest-bearing deposits with banks 2,084,323 1,988,719
Available-for-sale securities 3,502,915 3,243,017
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $347 and $488 at December 31, 2023 and December 31, 2022, respectively ($3.2 billion and $2.9 billion fair value at December 31, 2023 and December 31, 2022, respectively) 3,856,916 3,640,567
Trading account securities 4,707 1,127
Equity securities with readily determinable fair value 139,268 110,365
Federal Home Loan Bank and Federal Reserve Bank stock 205,003 224,759
Brokerage customer receivables 10,592 16,387
Mortgage loans held-for-sale, at fair value 292,722 299,935
Loans, net of unearned income 42,131,831 39,196,485
Allowance for loan losses (427,265) (357,448)
Premises, software and equipment, net 748,966 764,798
Lease investments, net 281,280 253,928
Accrued interest receivable and other assets 1,551,899 1,391,342
Trade date securities receivable 690,722 921,717
Goodwill 656,672 653,524
Other acquisition-related intangible assets 22,889 22,186
Total assets 56,259,934 52,949,649
Deposits:    
Non-interest-bearing 10,420,401 12,668,160
Interest-bearing 34,976,769 30,234,384
Total deposits 45,397,170 42,902,544
Federal Home Loan Bank advances 2,326,071 2,316,071
Other borrowings 645,813 596,614
Subordinated notes 437,866 437,392
Junior subordinated debentures 253,566 253,566
Accrued interest payable and other liabilities 1,799,922 1,646,624
Total liabilities 50,860,408 48,152,811
Shareholders’ Equity:    
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at December 31, 2023 and December 31, 2022; 61,268,566 shares issued at December 31, 2023 and 60,797,270 shares issued at December 31, 2022 61,269 60,797
Surplus 1,943,806 1,902,474
Treasury stock, at cost, 24,940 shares at December 31, 2023 and 3,262 shares at December 31, 2022 (2,217) (304)
Retained earnings 3,345,399 2,849,007
Accumulated other comprehensive loss (361,231) (427,636)
Total shareholders’ equity 5,399,526 4,796,838
Total liabilities and shareholders’ equity 56,259,934 52,949,649
Series D - $25 liquidation value; 5,000,000 shares issued and outstanding at December 31, 2023 and December 31, 2022    
Shareholders’ Equity:    
Preferred stock, no par value; 20,000,000 shares authorized: 125,000 125,000
Series E - $25,000 liquidation value; 11,500 shares issued and outstanding at December 31, 2023 and December 31, 2022    
Shareholders’ Equity:    
Preferred stock, no par value; 20,000,000 shares authorized: 287,500 287,500
Loans    
Assets    
Loans, net of unearned income 42,131,831 39,196,485
Allowance for loan losses (344,235) (270,173)
Net loans $ 41,787,596 $ 38,926,312