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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 735,384 $ 1,158,215
Money market investments:    
Time deposit with another financial institution 500 500
Other short-term investments 826 700
Total money market investments 1,326 1,200
Available-for-sale debt securities, at fair value (amortized cost of $4,931,635 as of June 30, 2025 and $5,125,408 as of December 31, 2024; ACL of $513 as of June 30, 2025 and $521 as of December 31, 2024) 4,496,803 4,565,302
Held-to-maturity debt securities, at amortized cost, net of ACL of $765 as of June 30, 2025 and $802 as of December 31, 2024 (fair value of $299,846 as of June 30, 2025 and $308,040 as of December 31, 2024) 306,521 316,984
Equity securities 45,202 52,018
Total investment securities 4,848,526 4,934,304
Loans, net of ACL of $248,578 as of June 30, 2025 and $243,942 as of December 31, 2024 12,621,424 12,502,614
Mortgage loans held for sale, at lower of cost or market 9,857 15,276
Total loans, net 12,631,281 12,517,890
Accrued interest receivable on loans and investments 71,548 71,881
Premises and equipment, net 128,425 133,437
Other real estate owned ("OREO") 14,449 17,306
Deferred tax asset, net 134,772 136,356
Goodwill 38,611 38,611
Other intangible assets 4,535 6,967
Other assets 288,672 276,754
Total assets 18,897,529 19,292,921
LIABILITIES    
Non-interest-bearing deposits 5,343,588 5,547,538
Interest-bearing deposits 11,210,450 11,323,760
Total deposits 16,554,038 16,871,298
Long-term borrowings 320,000 561,700
Accounts payable and other liabilities 178,036 190,687
Total liabilities 17,052,074 17,623,685
Commitments and contingencies (See Note 19)
STOCKHOLDERS' EQUITY    
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 161,507,795 shares outstanding as of June 30, 2025 and 163,868,877 shares outstanding as of December 31, 2024 22,366 22,366
Additional paid-in capital 959,629 964,964
Retained earnings, includes legal surplus reserve of $230,178 as of each of June 30, 2025 and December 31, 2024 2,137,421 2,038,812
Treasury stock (at cost), 62,155,321 shares as of June 30, 2025 and 59,794,239 shares as of December 31, 2024 (832,671) (790,350)
Accumulated other comprehensive loss, net of tax of $8,221 as of each of June 30, 2025 and December 31, 2024 (441,290) (566,556)
Total stockholders' equity 1,845,455 1,669,236
Total liabilities and stockholders' equity $ 18,897,529 $ 19,292,921