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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 1,817,740 $ 1,517,244
Interest-bearing deposits at banks 22,306,425 24,958,719
Federal funds sold   3,000
Trading account 165,216 117,847
Investment securities    
Available for sale (cost: $11,393,916 at March 31, 2023; $11,193,152 at December 31, 2022) 11,038,922 10,748,961
Held to maturity (fair value: $15,203,711 at March 31, 2023; $12,375,420 at December 31, 2022) 16,201,571 13,529,969
Equity and other securities (cost: $1,204,957 at March 31, 2023; $933,766 at December 31, 2022) 1,202,716 931,941
Total investment securities 28,443,209 25,210,871
Loans and leases 133,531,052 132,074,156
Unearned discount (593,360) (509,993)
Loans and leases, net of unearned discount 132,937,692 131,564,163
Allowance for credit losses (1,975,110) (1,925,331)
Loans and leases, net 130,962,582 129,638,832
Premises and equipment 1,664,021 1,653,628
Goodwill 8,490,089 8,490,089
Core deposit and other intangible assets 192,166 209,374
Accrued interest and other assets 8,914,959 8,930,237
Total assets 202,956,407 200,729,841
Liabilities    
Noninterest-bearing deposits 59,955,033 65,501,860
Savings and interest-checking deposits 86,282,685 87,911,463
Time deposits 12,837,522 10,101,545
Total deposits 159,075,240 163,514,868
Short-term borrowings 6,995,302 3,554,951
Accrued interest and other liabilities 4,045,804 4,377,495
Long-term borrowings 7,462,890 3,964,537
Total liabilities 177,579,236 175,411,851
Shareholders' equity    
Preferred stock, $1.00 par, 20,000,000 shares authorized; Issued and outstanding: Liquidation preference of $1,000 per share: 350,000 shares at March 31, 2023 and December 31, 2022; Liquidation preference of $10,000 per share: 140,000 shares at March 31, 2023 and December 31, 2022; Liquidation preference of $25 per share: 10,000,000 shares at March 31, 2023 and December 31, 2022 2,010,600 2,010,600
Common stock, $.50 par, 250,000,000 shares authorized,179,436,779 shares issued at March 31, 2023 and December 31, 2022 89,718 89,718
Common stock issuable, 11,998 shares at March 31, 2023;14,031 shares at December 31, 2022 957 1,112
Additional paid-in capital 9,986,325 10,002,891
Retained earnings 16,212,095 15,753,978
Accumulated other comprehensive income (loss), net (645,005) (790,030)
Treasury stock - common, at cost -13,583,874 shares at March 31, 2023; 10,165,419 shares at December 31, 2022 (2,277,519) (1,750,279)
Total shareholders’ equity 25,377,171 25,317,990
Total liabilities and shareholders’ equity $ 202,956,407 $ 200,729,841