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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 286,755 $ 256,264
Interest bearing deposits with banks 718,260 178,423
Investment securities:    
Equity securities 49,701 41,410
Available for sale debt securities 1,749,842 1,566,801
Held to maturity debt securities (net of allowance for credit losses of $1,552 at March 31, 2020) 2,315,481  
Held to maturity debt securities (net of allowance for credit losses of $1,552 at March 31, 2020) 2,317,033 2,336,095
Total investment securities 4,115,024 3,944,306
Loans held for sale, at fair value 58,868 76,113
Loans 30,428,067 29,699,208
Less: Allowance for loan losses (283,342) (161,759)
Net loans 30,144,725 29,537,449
Premises and equipment, net 332,503 334,533
Lease right of use assets 278,080 285,129
Bank owned life insurance 542,127 540,169
Accrued interest receivable 107,353 105,637
Goodwill 1,375,409 1,373,625
Other intangible assets, net 82,686 86,772
Other assets 1,078,839 717,600
Total Assets 39,120,629 37,436,020
Deposits:    
Non-interest bearing 6,951,073 6,710,408
Interest bearing:    
Savings, NOW and money market 13,498,830 12,757,484
Time 8,567,085 9,717,945
Total deposits 29,016,988 29,185,837
Short-term borrowings 2,095,655 1,093,280
Long-term borrowings 2,805,639 2,122,426
Junior subordinated debentures issued to capital trusts 55,805 55,718
Lease liabilities 303,096 309,849
Accrued expenses and other liabilities 422,448 284,722
Total Liabilities 34,699,631 33,051,832
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 403,765,978 shares at March 31, 2020 and 403,322,773 shares at December 31, 2019) 141,613 141,423
Surplus 3,624,036 3,622,208
Retained earnings 452,424 443,559
Accumulated other comprehensive loss (6,566) (32,214)
Treasury stock, at cost (21,830 common shares at March 31, 2020 and 44,383 common shares at December 31, 2019) (200) (479)
Total Shareholders’ Equity 4,420,998 4,384,188
Total Liabilities and Shareholders’ Equity 39,120,629 37,436,020
Series A    
Shareholders’ Equity    
Preferred stock, no par value; authorized 50,000,000 shares 111,590 111,590
Series B    
Shareholders’ Equity    
Preferred stock, no par value; authorized 50,000,000 shares $ 98,101 $ 98,101