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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 394,574 $ 360,734
Interest-bearing cash with banks 3,053,710 4,890,008
Cash and cash equivalents 3,448,284 5,250,742
Interest-bearing deposits with banks 32,788 48,198
Securities purchased under resale agreements (“resale agreements”) 425,000 425,000
Debt securities:    
Available-for-sale (“AFS”), at fair value (amortized cost of $12,962,469 and $11,505,775) 12,384,912 10,846,811
Held-to-maturity (“HTM”), at amortized cost (fair value of $2,435,292 and $2,387,754) 2,905,341 2,917,413
Loans held-for-investment (net of allowance for loan losses of $734,856 and $702,052) 53,517,878 53,024,585
Affordable housing partnership, tax credit and Community Reinvestment Act (“CRA”) investments, net 930,058 926,640
Premises and equipment (net of accumulated depreciation of $168,724 and $166,154) 81,975 82,233
Operating lease right-of-use assets 80,239 81,967
Goodwill 465,697 465,697
Other assets 1,892,841 1,907,189
TOTAL 76,165,013 75,976,475
Deposits:    
Noninterest-bearing 15,169,775 15,450,428
Interest-bearing 47,882,330 47,724,595
Total deposits 63,052,105 63,175,023
Federal Home Loan Bank (“FHLB”) advances 3,500,000 3,500,000
Securities sold under repurchase agreements (“repurchase agreements”) 270,111 0
Long-term debt and finance lease liabilities 35,880 35,974
Operating lease liabilities 87,157 89,263
Accrued expenses and other liabilities 1,290,295 1,453,161
Total liabilities 68,235,548 68,253,421
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 200,000,000 shares authorized; 170,402,087 and 169,925,379 shares issued 170 170
Additional paid-in capital 2,043,898 2,030,712
Retained earnings 7,517,711 7,311,542
Treasury stock, at cost 32,599,998 and 31,488,080 shares (1,137,299) (1,034,110)
Accumulated other comprehensive loss (“AOCI”), net of tax (495,015) (585,260)
Total stockholders’ equity 7,929,465 7,723,054
TOTAL $ 76,165,013 $ 75,976,475