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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 382,484 $ 444,793
Interest-bearing cash with banks 3,828,317 4,170,191
Cash and cash equivalents 4,210,801 4,614,984
Interest-bearing deposits with banks 24,593 10,498
Securities purchased under resale agreements (“resale agreements”) 485,000 785,000
Securities:    
Available-for-sale (“AFS”) debt securities, at fair value (amortized cost of $9,131,953 and $6,916,491) 8,400,468 6,188,337
Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,414,478 and $2,453,971) 2,948,642 2,956,040
Loans held-for-sale 13,280 116
Loans held-for-investment (net of allowance for loan losses of $670,280 and $668,743) 51,322,224 51,542,039
Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net 933,187 905,036
Premises and equipment (net of accumulated depreciation of $159,760 and $157,622) 83,989 86,370
Goodwill 465,697 465,697
Operating lease right-of-use assets 87,535 94,024
Other assets 1,900,254 1,964,743
TOTAL 70,875,670 69,612,884
Deposits:    
Noninterest-bearing 14,798,927 15,539,872
Interest-bearing 43,761,697 40,552,566
Total deposits 58,560,624 56,092,438
Short-term borrowings 19,173 0
Bank Term Funding Program (“BTFP”) borrowings 0 4,500,000
Federal Home Loan Bank (“FHLB”) advances 3,500,000 0
Long-term debt and finance lease liabilities 36,428 153,011
Operating lease liabilities 95,643 102,353
Accrued expenses and other liabilities 1,640,570 1,814,248
Total liabilities 63,852,438 62,662,050
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 200,000,000 shares authorized; 169,835,469 and 169,372,230 shares issued 170 169
Additional paid-in capital 1,993,806 1,980,818
Retained earnings 6,662,919 6,465,230
Treasury stock, at cost 30,714,307 and 29,344,863 shares (970,930) (874,787)
Accumulated other comprehensive loss (“AOCI”), net of tax (662,733) (620,596)
Total stockholders’ equity 7,023,232 6,950,834
TOTAL $ 70,875,670 $ 69,612,884