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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 128,645 $ 92,590
Short-term investments 240,158 914,290
Cash and cash equivalents 368,803 1,006,880
Available for sale (amortized cost $4,417,908 and $4,778,644, respectively) 4,003,929 4,021,598
Held to maturity (fair value $401,082 and $371,724, respectively) 440,850 420,715
Total securities 4,444,779 4,442,313
Loans held for sale: 8,064 372
Total loans 18,204,485 18,079,084
Allowance for loan losses (224,310) (228,952)
Unearned discounts and deferred fees, net (288,790) (300,730)
Net loans 17,691,385 17,549,402
Federal Home Loan Bank stock, at cost 9,224 5,865
Premises and equipment 65,130 66,641
Bank-owned life insurance 206,087 204,704
Goodwill and other intangibles, net 1,042,351 1,050,158
Deferred income taxes, net 301,748 332,128
Prepaid expenses 233,073 231,944
Other assets 615,397 667,473
Total assets 24,986,041 25,557,880
Deposits:    
Demand 5,974,355 5,992,082
Interest checking accounts 4,366,589 4,606,250
Savings accounts 1,649,951 1,648,323
Money market investment 5,615,296 5,736,362
Certificates of deposit 3,190,911 3,336,323
Total deposits 20,797,102 21,319,340
Borrowed funds:    
Interest rate swap collateral funds 34,781 48,590
Federal Home Loan Bank advances 20,128 17,589
Total borrowed funds 54,909 66,179
Other liabilities 551,096 560,394
Total liabilities 21,403,107 21,945,913
Commitments and contingencies (see Note 10)
Shareholders’ equity    
Common shares, $0.01 par value, 1,000,000,000 shares authorized, 211,560,177 and 213,909,472 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 2,116 2,141
Additional paid in capital 2,188,552 2,237,494
Unallocated common shares held by the Employee Stock Ownership Plan (126,562) (127,842)
Retained earnings 1,842,607 2,084,503
Accumulated other comprehensive income, net of tax (323,779) (584,329)
Total shareholders’ equity 3,582,934 3,611,967
Total liabilities and shareholders’ equity 24,986,041 25,557,880
Commercial and industrial | Commercial and industrial    
ASSETS    
Loans held for sale: 7,590 0
Total loans 3,442,691 3,296,068
Allowance for loan losses (46,490) (41,090)
Residential Real Estate | Residential real estate    
ASSETS    
Loans held for sale: 474 372
Total loans 4,038,712 4,063,659
Allowance for loan losses $ (31,096) $ (32,291)