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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 362,167 $ 444,793
Interest-bearing cash with banks 4,497,906 4,170,191
Cash and cash equivalents 4,860,073 4,614,984
Interest-bearing deposits with banks 116,101 10,498
Securities purchased under resale agreements (“resale agreements”) 425,000 785,000
Debt securities:    
Available-for-sale (“AFS”), at fair value (amortized cost of $10,667,293 and $6,916,491) 10,133,877 6,188,337
Held-to-maturity (“HTM”), at amortized cost (fair value of $2,510,352 and $2,453,971) 2,928,399 2,956,040
Loans held-for-sale 0 116
Loans held-for-investment (net of allowance for loan losses of $696,485 and $668,743) 52,556,696 51,542,039
Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net 924,439 905,036
Premises and equipment (net of accumulated depreciation of $164,032 and $157,622) 80,698 86,370
Operating lease right-of-use assets 82,775 94,024
Goodwill 465,697 465,697
Other assets 1,909,965 1,964,743
TOTAL 74,483,720 69,612,884
Deposits:    
Noninterest-bearing 14,690,864 15,539,872
Interest-bearing 47,009,251 40,552,566
Total deposits 61,700,115 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 36,055 153,011
Operating lease liabilities 90,369 102,353
Accrued expenses and other liabilities 1,492,642 1,814,248
Total liabilities 66,819,181 62,662,050
COMMITMENTS AND CONTINGENCIES (Note 11)
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 200,000,000 shares authorized; 169,888,355 and 169,372,230 shares issued 170 169
Additional paid-in capital 2,018,105 1,980,818
Retained earnings 7,095,587 6,465,230
Treasury stock, at cost 31,279,102 and 29,344,863 shares (1,012,019) (874,787)
Accumulated other comprehensive loss (“AOCI”), net of tax (437,304) (620,596)
Total stockholders’ equity 7,664,539 6,950,834
TOTAL $ 74,483,720 $ 69,612,884