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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Loans $ 2,104,000 $ 2,153,000 $ 6,164,000 $ 6,378,000
Investment securities 377,000 283,000 1,047,000 771,000
Deposits at banks 198,000 348,000 635,000 1,167,000
Other 1,000 1,000 3,000 3,000
Total interest income 2,680,000 2,785,000 7,849,000 8,319,000
Interest expense        
Savings and interest-checking deposits 589,000 655,000 1,720,000 1,888,000
Time deposits 119,000 180,000 366,000 622,000
Short-term borrowings 32,000 57,000 101,000 210,000
Long-term borrowings 179,000 167,000 493,000 475,000
Total interest expense 919,000 1,059,000 2,680,000 3,195,000
Net interest income 1,761,000 1,726,000 5,169,000 5,124,000
Provision for credit losses 125,000 120,000 380,000 470,000
Net interest income after provision for credit losses 1,636,000 1,606,000 4,789,000 4,654,000
Other income        
Mortgage banking revenues 147,000 109,000 395,000 319,000
Service charges on deposit accounts 141,000 132,000 411,000 383,000
Trust income 181,000 170,000 540,000 500,000
Brokerage services income 34,000 32,000 97,000 91,000
Trading account and other non-hedging derivative gains 18,000 13,000 39,000 29,000
Gain (loss) on bank investment securities 1,000 (2,000) 1,000 (8,000)
Other revenues from operations 230,000 152,000 563,000 456,000
Total other income 752,000 606,000 2,046,000 1,770,000
Other expense        
Salaries and employee benefits 833,000 775,000 2,533,000 2,372,000
Equipment and net occupancy 129,000 125,000 391,000 379,000
Outside data processing and software 138,000 123,000 412,000 367,000
Professional and other services 81,000 88,000 251,000 264,000
FDIC assessments 13,000 25,000 58,000 122,000
Advertising and marketing 23,000 27,000 70,000 74,000
Amortization of core deposit and other intangible assets 10,000 12,000 32,000 40,000
Other costs of operations 136,000 128,000 367,000 378,000
Total other expense 1,363,000 1,303,000 4,114,000 3,996,000
Income before taxes 1,025,000 909,000 2,721,000 2,428,000
Income taxes 233,000 188,000 629,000 521,000
Net income 792,000 721,000 2,092,000 1,907,000
Net income available to common shareholders        
Basic 754,000 674,000 1,981,000 1,805,000
Diluted $ 754,000 $ 674,000 $ 1,981,000 $ 1,805,000
Net income per common share        
Basic (in USD per share) $ 4.85 $ 4.04 $ 12.41 $ 10.83
Diluted (in USD per share) $ 4.82 $ 4.02 $ 12.34 $ 10.78
Average common shares outstanding        
Basic (in shares) 155,558 166,671 159,631 166,694
Diluted (in shares) 156,553 167,567 160,503 167,437