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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 1,158,215 $ 661,925
Money market investments:    
Time deposits with other financial institutions 500 300
Other short-term investments 700 939
Total money market investments 1,200 1,239
Available-for-sale debt securities, at fair value (amortized cost of $5,125,408 as of December 31, 2024 and $5,863,294 as of December 31, 2023; ACL of $521 as of December 31, 2024 and $511 as of December 31, 2023) 4,565,302 5,229,984
Held-to-maturity debt securities, at amortized cost, net of ACL of $802 as of December 31, 2024 and $2,197 as of December 31, 2023 (fair value of $308,040 as of December 31, 2024 and $346,132 as of December 31, 2023) 316,984 351,981
Equity securities 52,018 49,675
Total investment securities 4,934,304 5,631,640
Loans, net of ACL of $243,942 as of December 31, 2024 and $261,843 as of December 31, 2023 12,502,614 11,923,640
Mortgage loans held for sale, at lower of cost or market 15,276 7,368
Total loans, net 12,517,890 11,931,008
Accrued interest receivable on loans and investments 71,881 77,716
Premises and equipment, net 133,437 142,016
Other real estate owned (OREO) 17,306 32,669
Deferred tax asset, net 136,356 150,127
Goodwill 38,611 38,611
Other intangible assets 6,967 13,383
Other assets 276,754 229,215
Total assets 19,292,921 18,909,549
LIABILITIES    
Non-interest-bearing deposits 5,547,538 5,404,121
Interest-bearing deposits 11,323,760 11,151,864
Total deposits 16,871,298 16,555,985
Long-term borrowings 561,700 661,700
Accounts payable and other liabilities 190,687 194,255
Total liabilities 17,623,685 17,411,940
Commitments and contingencies (See Note 27)
STOCKHOLDERS' EQUITY    
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 163,868,877 shares outstanding as of December 31, 2024 and 169,302,812 as of December 31, 2023 22,366 22,366
Additional paid-in capital 964,964 965,707
Retained earnings, includes legal surplus reserve of $230,178 as of December 31, 2024 and $199,576 as of December 31, 2023 2,038,812 1,846,112
Treasury stock (at cost), 59,794,239 shares as of December 31, 2024 and 54,360,304 shares as of December 31, 2023 (790,350) (697,406)
Accumulated other comprehensive loss, net of tax of $8,221 as of December 31, 2024 and $8,581 as of December 31, 2023 (566,556) (639,170)
Total stockholders' equity 1,669,236 1,497,609
Total liabilities and stockholders' equity $ 19,292,921 $ 18,909,549