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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 329,006 $ 257,845
Interest bearing deposits with banks 1,515,757 1,071,360
Investment securities:    
Equity securities 33,870 29,378
Trading debt securities 21,216 0
Available for sale debt securities 1,075,538 1,339,473
Held to maturity debt securities (net of allowance for credit losses of $1,040 at June 30, 2021 and $1,428 at December 31, 2020) 2,532,772 2,171,583
Total investment securities 3,663,396 3,540,434
Loans held for sale, at fair value 159,256 301,427
Loans 32,457,454 32,217,112
Less: Allowance for loan losses (339,324) (340,243)
Net loans 32,118,130 31,876,869
Premises and equipment, net 327,517 319,797
Lease right of use assets 235,165 252,053
Bank owned life insurance 535,283 535,209
Accrued interest receivable 99,068 106,230
Goodwill 1,382,442 1,382,442
Other intangible assets, net 65,523 70,449
Other assets 843,685 971,961
Total Assets 41,274,228 40,686,076
Deposits:    
Non-interest bearing 10,528,946 9,205,266
Interest bearing:    
Savings, NOW and money market 18,358,279 16,015,658
Time 4,307,549 6,714,678
Total deposits 33,194,774 31,935,602
Short-term borrowings 854,378 1,147,958
Long-term borrowings 1,885,690 2,295,665
Junior subordinated debentures issued to capital trusts 56,239 56,065
Lease liabilities 259,075 276,675
Accrued expenses and other liabilities 286,265 381,991
Total Liabilities 36,536,421 36,093,956
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 406,090,983 shares at June 30, 2021 and 403,881,488 shares at December 31, 2020) 142,550 141,746
Surplus 3,658,636 3,637,468
Retained earnings 744,768 611,158
Accumulated other comprehensive loss (17,735) (7,718)
Treasury stock, at cost (7,193 common shares at June 30, 2021 and 22,490 common shares at December 31, 2020) (103) (225)
Total Shareholders’ Equity 4,737,807 4,592,120
Total Liabilities and Shareholders’ Equity 41,274,228 40,686,076
Series A    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: 111,590 111,590
Series B    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: $ 98,101 $ 98,101