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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Cash and due from banks $ 612,648 $ 617,569
Interest-bearing deposits 6,445,461 7,985,057
Federal funds sold 2,025 0
Resell agreements 84,650 84,650
Total cash and cash equivalents 7,144,784 8,687,276
Securities held to maturity, net of allowance for credit losses of $310 at both June 30, 2024 and December 31, 2023 3,586,116 3,619,428
Securities available for sale, at estimated fair value 15,197,638 16,578,371
Trading account securities 32,186 31,717
Loans, net of unearned discounts 19,995,756 18,824,251
Less: Allowance for credit losses on loans (256,307) (245,996)
Net loans 19,739,449 18,578,255
Premises and equipment, net 1,221,043 1,190,033
Accrued interest receivable and other assets 1,921,477 2,159,958
Total assets 48,842,693 50,845,038
Liabilities:    
Non-interest-bearing demand deposits 13,484,977 14,926,094
Interest-bearing deposits 26,833,163 26,994,474
Total deposits 40,318,140 41,920,568
Federal funds purchased 35,925 14,200
Repurchase agreements 3,762,942 4,127,188
Junior subordinated deferrable interest debentures, net of unamortized issuance costs 123,155 123,127
Subordinated notes, net of unamortized issuance costs 99,569 99,491
Accrued interest payable and other liabilities 837,157 844,017
Total liabilities 45,176,888 47,128,591
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 June 30, 2024 and December 31, 2023 145,452 145,452
Common stock, par value $0.01 per share; 210,000,000 shares authorized; 64,404,582 shares issued at both June 30, 2024 and December 31, 2023 644 644
Additional paid-in capital 1,064,070 1,055,809
Retained earnings 3,810,008 3,657,688
Accumulated other comprehensive income (loss), net of tax (1,309,344) (1,119,219)
Treasury stock, at cost; 415,954 shares at June 30, 2024 and 219,295 at December 31, 2023 (45,025) (23,927)
Total shareholders’ equity 3,665,805 3,716,447
Total liabilities and shareholders’ equity $ 48,842,693 $ 50,845,038