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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and due from banks $ 388,753 $ 256,264
Interest bearing deposits with banks 1,521,572 178,423
Investment securities:    
Equity securities 54,379 41,410
Available for sale debt securities 1,689,388 1,566,801
Held to maturity debt securities (net of allowance for credit losses of $1,593 at June 30, 2020) 2,131,834  
Held to maturity debt securities (net of allowance for credit losses of $1,593 at June 30, 2020) 2,133,427 2,336,095
Total investment securities 3,875,601 3,944,306
Loans held for sale, at fair value 120,599 76,113
Loans 32,314,611 29,699,208
Less: Allowance for loan losses (309,614) (161,759)
Net loans 32,004,997 29,537,449
Premises and equipment, net 329,889 334,533
Lease right of use assets 273,811 285,129
Bank owned life insurance 535,383 540,169
Accrued interest receivable 122,807 105,637
Goodwill 1,375,409 1,373,625
Other intangible assets, net 77,921 86,772
Other assets 1,090,523 717,600
Total Assets 41,717,265 37,436,020
Deposits:    
Non-interest bearing 8,989,818 6,710,408
Interest bearing:    
Savings, NOW and money market 14,165,415 12,757,484
Time 8,272,772 9,717,945
Total deposits 31,428,005 29,185,837
Short-term borrowings 2,082,880 1,093,280
Long-term borrowings 2,907,535 2,122,426
Junior subordinated debentures issued to capital trusts 55,891 55,718
Lease liabilities 299,260 309,849
Accrued expenses and other liabilities 469,206 284,722
Total Liabilities 37,242,777 33,051,832
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 403,823,728 shares at June 30, 2020 and 403,322,773 shares at December 31, 2019) 141,667 141,423
Surplus 3,628,792 3,622,208
Retained earnings 499,511 443,559
Accumulated other comprehensive loss (4,938) (32,214)
Treasury stock, at cost (28,029 common shares at June 30, 2020 and 44,383 common shares at December 31, 2019) (235) (479)
Total Shareholders’ Equity 4,474,488 4,384,188
Total Liabilities and Shareholders’ Equity 41,717,265 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