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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 444,690 $ 444,325
Interest bearing deposits with banks 5,260,998 503,622
Investment securities:    
Equity securities 50,152 48,731
Trading debt securities 6,855 13,438
Available for sale debt securities 1,259,236 1,261,397
Held to maturity debt securities (net of allowance for credit losses of $1,633 at March 31, 2023 and $1,646 at December 31, 2022) 3,845,579 3,827,338
Total investment securities 5,161,822 5,150,904
Loans held for sale, at fair value 17,218 18,118
Loans 48,659,966 46,917,200
Less: Allowance for loan losses (436,898) (458,655)
Net loans 48,223,068 46,458,545
Premises and equipment, net 365,313 358,556
Lease right of use assets 302,740 306,352
Bank owned life insurance 717,339 717,177
Accrued interest receivable 223,608 196,606
Goodwill 1,868,936 1,868,936
Other intangible assets, net 187,171 197,456
Other assets 1,536,670 1,242,152
Total Assets 64,309,573 57,462,749
Deposits:    
Non-interest bearing 13,576,116 14,463,645
Interest bearing:    
Savings, NOW and money market 22,903,424 23,616,812
Time 11,111,376 9,556,457
Total deposits 47,590,916 47,636,914
Total short-term borrowings 6,413,056 138,729
Long-term borrowings 2,197,656 1,543,058
Junior subordinated debentures issued to capital trusts 56,847 56,760
Lease liabilities 355,020 358,884
Accrued expenses and other liabilities 1,184,497 1,327,602
Total Liabilities 57,797,992 51,061,947
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 507,896,910 shares at March 31, 2023 and December 31, 2022) 178,186 178,185
Surplus 4,967,662 4,980,231
Retained earnings 1,300,980 1,218,445
Accumulated other comprehensive loss (143,647) (164,002)
Treasury stock, at cost (134,552 common shares at March 31, 2023 and 1,522,432 common shares at December 31, 2022) (1,291) (21,748)
Total Shareholders’ Equity 6,511,581 6,400,802
Total Liabilities and Shareholders’ Equity 64,309,573 57,462,749
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