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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks, including interest bearing amounts of $142,271 and $158,504, respectively $ 568,137 $ 595,383
Securities:    
Equity securities, at fair value 13,427 12,320
Available-for-sale debt securities, at fair value 2,246,072 2,194,329
Held-to-maturity debt securities (fair values of $1,006,817 and $1,069,159, respectively) 1,152,906 1,199,527
Allowance for credit losses, held-to-maturity debt securities (146) (192)
Net held-to-maturity debt securities 1,152,760 1,199,335
Total securities 3,412,259 3,405,984
Loans held for sale 18,695 16,354
Portfolio loans, net of unearned income 12,656,429 11,638,461
Allowance for credit losses - loans (138,766) (130,675)
Net portfolio loans 12,517,663 11,507,786
Premises and equipment, net 219,076 233,571
Accrued interest receivable 78,324 77,435
Goodwill and other intangible assets, net 1,124,016 1,132,267
Bank-owned life insurance 360,738 355,033
Other assets 385,390 388,561
Total Assets 18,684,298 17,712,374
Deposits:    
Non-interest bearing demand 3,842,758 3,962,592
Interest bearing demand 3,771,314 3,463,443
Money market 2,429,977 2,017,713
Savings deposits 2,362,736 2,493,254
Certificates of deposit 1,726,932 1,231,702
Total deposits 14,133,717 13,168,704
Federal Home Loan Bank borrowings 1,000,000 1,350,000
Other short-term borrowings 192,073 105,893
Subordinated debt and junior subordinated debt 279,308 279,078
Total borrowings 1,471,381 1,734,971
Accrued interest payable 14,228 11,121
Other liabilities 274,691 264,516
Total Liabilities 15,894,017 15,179,312
SHAREHOLDERS’ EQUITY    
Preferred stock, no par value; 1,000,000 shares authorized; 150,000 shares 6.75% non-cumulative perpetual preferred stock, Series A, liquidation preference $150,000,000, issued and outstanding at December 31, 2024 and December 31, 2023, respectively 144,484 144,484
Common stock, $2.0833 par value; 200,000,000 and 100,000,000 shares authorized; 75,354,034 and 68,081,306 shares issued; 66,919,805 and 59,376,435 shares outstanding at December 31, 2024 and December 31, 2023, respectively 156,985 141,834
Capital surplus 1,809,679 1,635,859
Retained earnings 1,192,091 1,142,586
Treasury stock (8,434,229 and 8,704,871 shares at cost, respectively) (292,244) (302,995)
Accumulated other comprehensive loss (218,632) (226,693)
Deferred benefits for directors (2,082) (2,013)
Total Shareholders’ Equity 2,790,281 2,533,062
Total Liabilities and Shareholders’ Equity $ 18,684,298 $ 17,712,374