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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Cash and due from banks $ 574,654 $ 691,553
Interest-bearing deposits 6,955,779 11,128,902
Federal funds sold 3,000 120,527
Resell agreements 84,650 87,150
Total cash and cash equivalents 7,618,083 12,028,132
Securities held to maturity, net of allowance for credit losses of $310 at September 30, 2023 and $158 at December 31, 2022 3,628,123 2,639,083
Securities available for sale, at estimated fair value 16,117,089 18,243,605
Trading account securities 29,341 28,045
Loans, net of unearned discounts 18,399,259 17,154,969
Less: Allowance for credit losses on loans (242,235) (227,621)
Net loans 18,157,024 16,927,348
Premises and equipment, net 1,166,544 1,102,695
Accrued interest receivable and other assets 2,030,818 1,923,468
Total assets 48,747,022 52,892,376
Liabilities:    
Non-interest-bearing demand deposits 14,631,456 17,598,234
Interest-bearing deposits 26,360,779 26,355,962
Total deposits 40,992,235 43,954,196
Federal funds purchased 25,950 51,650
Repurchase agreements 3,722,245 4,660,641
Junior subordinated deferrable interest debentures, net of unamortized issuance costs 123,112 123,069
Subordinated notes, net of unamortized issuance costs 99,452 99,335
Accrued interest payable and other liabilities 784,277 866,257
Total liabilities 45,747,271 49,755,148
Shareholders’ Equity:    
Preferred stock, par value $0.01 per share; 10,000,000 shares authorized; 150,000 Series B shares ($1,000 liquidation preference) issued at September 30, 2023 and December 31, 2022 145,452 145,452
Common stock, par value $0.01 per share; 210,000,000 shares authorized; 64,404,582 shares issued at September 30, 2023 and 64,354,695 at December 31, 2022 644 643
Additional paid-in capital 1,043,865 1,029,756
Retained earnings 3,626,799 3,309,671
Accumulated other comprehensive income (loss), net of tax (1,778,827) (1,348,294)
Treasury stock, at cost; 387,679 shares at September 30, 2023 (38,182) 0
Total shareholders’ equity 2,999,751 3,137,228
Total liabilities and shareholders’ equity $ 48,747,022 $ 52,892,376