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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 460,611 $ 444,793
Interest-bearing cash with banks 3,905,080 4,170,191
Cash and cash equivalents 4,365,691 4,614,984
Interest-bearing deposits with banks 24,530 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 $9,644,377 and $6,916,491) 8,923,528 6,188,337
Held-to-maturity (“HTM”) debt securities, at amortized cost (fair value of $2,405,227 and $2,453,971) 2,938,250 2,956,040
Loans held-for-sale 18,909 116
Loans held-for-investment (net of allowance for loan losses of $683,794 and $668,743) 52,084,115 51,542,039
Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net 956,428 905,036
Premises and equipment (net of accumulated depreciation of $162,030 and $157,622) 81,675 86,370
Goodwill 465,697 465,697
Operating lease right-of-use assets 81,941 94,024
Other assets 2,042,508 1,964,743
TOTAL 72,468,272 69,612,884
Deposits:    
Noninterest-bearing 14,922,741 15,539,872
Interest-bearing 45,077,044 40,552,566
Total deposits 59,999,785 56,092,438
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 36,141 153,011
Operating lease liabilities 89,644 102,353
Accrued expenses and other liabilities 1,627,588 1,814,248
Total liabilities 65,253,158 62,662,050
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 200,000,000 shares authorized; 169,882,407 and 169,372,230 shares issued 170 169
Additional paid-in capital 2,007,388 1,980,818
Retained earnings 6,873,653 6,465,230
Treasury stock, at cost 31,277,970 and 29,344,863 shares (1,011,924) (874,787)
Accumulated other comprehensive loss (“AOCI”), net of tax (654,173) (620,596)
Total stockholders’ equity 7,215,114 6,950,834
TOTAL $ 72,468,272 $ 69,612,884