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CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Assets      
Cash and due from banks $ 565,406 $ 452,017 $ 725,465
Federal funds sold and securities purchased under resale agreements 63 6,519 5,663
Interest-bearing deposits with banks 3,422,452 4,409,753 3,648,117
Available-for-sale securities, at fair value 5,274,124 4,141,482 3,912,232
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $395, $457 and $479 at September 30, 2025, December 31, 2024 and September 30, 2024, respectively ($2.9 billion, $2.9 billion and $3.1 billion fair value at September 30, 2025, December 31, 2024 and September 30, 2024, respectively) 3,438,406 3,613,263 3,677,420
Trading account securities 0 4,072 3,472
Equity securities with readily determinable fair value 63,445 215,412 125,310
Federal Home Loan Bank and Federal Reserve Bank stock 282,755 281,407 266,908
Brokerage customer receivables 0 18,102 16,662
Mortgage loans held-for-sale, at fair value 333,883 331,261 461,067
Loans, net of unearned income 52,063,482 48,055,037 47,067,447
Allowance for loan losses (454,191) (436,603) (435,714)
Premises, software and equipment, net 775,425 779,130 772,002
Lease investments, net 301,000 278,264 270,171
Accrued interest receivable and other assets 1,614,674 1,739,334 1,721,090
Receivable on unsettled securities sales 978,209 0 551,031
Goodwill 797,639 796,942 800,780
Other acquisition-related intangible assets 105,297 121,690 123,866
Total assets 69,629,638 64,879,668 63,788,424
Deposits:      
Non-interest-bearing 10,952,146 11,410,018 10,739,132
Interest-bearing 45,759,235 41,102,331 40,665,834
Total deposits 56,711,381 52,512,349 51,404,966
Federal Home Loan Bank advances 3,151,309 3,151,309 3,171,309
Other borrowings 579,328 534,803 647,043
Subordinated notes 298,536 298,283 298,188
Junior subordinated debentures 253,566 253,566 253,566
Accrued interest payable and other liabilities 1,589,761 1,785,061 1,613,638
Total liabilities 62,583,881 58,535,371 57,388,710
Shareholders’ Equity:      
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at September 30, 2025, December 31, 2024 and September 30, 2024; 67,042,228 shares issued at September 30, 2025, 66,560,182 shares issued at December 31, 2024 and 66,546,351 shares issued at September 30, 2024 67,042 66,560 66,546
Surplus 2,521,306 2,482,561 2,470,228
Treasury stock, at cost, $81,019 shares at September 30, 2025, 64,955 shares at December 31, 2024, and 64,808 shares at September 30, 2024 (9,150) (6,153) (6,098)
Retained earnings 4,356,367 3,897,164 3,748,715
Accumulated other comprehensive loss (314,808) (508,335) (292,177)
Total shareholders’ equity 7,045,757 6,344,297 6,399,714
Total liabilities and shareholders’ equity 69,629,638 64,879,668 63,788,424
Series D - $25 liquidation value; no shares issued and outstanding at September 30, 2025, and 5,000,000 shares issued and outstanding at December 31, 2024 and September 30, 2024      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: 0 125,000 125,000
Series E - $25,000 liquidation value; no shares issued and outstanding at September 30, 2025, and 11,500 shares issued and outstanding at December 31, 2024 and September 30, 2024      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: 0 287,500 287,500
Series F - $25,000 liquidation value; 17,000 shares issued and outstanding at September 30, 2025 and no shares issued and outstanding at December 31, 2024 and September 30, 2024      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: 425,000 0 0
Loans      
Assets      
Loans, net of unearned income 52,063,482 48,055,037 47,067,447
Allowance for loan losses (386,622) (364,017) (360,279)
Net loans $ 51,676,860 $ 47,691,020 $ 46,707,168