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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 444,857 $ 444,325
Interest bearing deposits with banks 698,966 503,622
Investment securities:    
Equity securities 63,191 48,731
Trading debt securities 3,441 13,438
Available for sale debt securities 1,186,524 1,261,397
Held to maturity debt securities (net of allowance for credit losses of $1,321 at September 30, 2023 and $1,646 at December 31, 2022) 3,797,388 3,827,338
Total investment securities 5,050,544 5,150,904
Loans held for sale, at fair value 33,834 18,118
Loans 50,097,519 46,917,200
Less: Allowance for loan losses (442,175) (458,655)
Net loans 49,655,344 46,458,545
Premises and equipment, net 387,981 358,556
Lease right of use assets 352,104 306,352
Bank owned life insurance 719,691 717,177
Accrued interest receivable 237,786 196,606
Goodwill 1,868,936 1,868,936
Other intangible assets, net 169,266 197,456
Other assets 1,564,043 1,242,152
Total Assets 61,183,352 57,462,749
Deposits:    
Non-interest bearing 11,671,504 14,463,645
Interest bearing:    
Savings, NOW and money market 23,110,840 23,616,812
Time 15,102,970 9,556,457
Total deposits 49,885,314 47,636,914
Short-term borrowings 89,802 138,729
Long-term borrowings 2,318,294 1,543,058
Junior subordinated debentures issued to capital trusts 57,021 56,760
Lease liabilities 413,021 358,884
Accrued expenses and other liabilities 1,792,601 1,327,602
Total Liabilities 54,556,053 51,061,947
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 507,896,910 shares at September 30, 2023 and December 31, 2022) 178,187 178,185
Surplus 4,982,748 4,980,231
Retained earnings 1,460,284 1,218,445
Accumulated other comprehensive loss (201,892) (164,002)
Treasury stock, at cost (236,168 common shares at September 30, 2023 and 1,522,432 common shares at December 31, 2022) (1,719) (21,748)
Total Shareholders’ Equity 6,627,299 6,400,802
Total Liabilities and Shareholders’ Equity 61,183,352 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