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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 284,090 $ 444,325
Interest bearing deposits with banks 607,135 503,622
Investment securities:    
Equity securities 64,464 48,731
Trading debt securities 3,973 13,438
Available for sale debt securities 1,296,576 1,261,397
Held to maturity debt securities (net of allowance for credit losses of $1,205 at December 31, 2023 and $1,646 at December 31, 2022) 3,739,208 3,827,338
Total investment securities 5,104,221 5,150,904
Loans held for sale (includes fair value of $20,640 at December 31, 2023 and $18,118 at December 31, 2022 for loans originated for sale) 30,640 18,118
Loans 50,210,295 46,917,200
Less: Allowance for loan losses (446,080) (458,655)
Net loans 49,764,215 46,458,545
Premises and equipment, net 381,081 358,556
Lease right of use assets 343,461 306,352
Bank owned life insurance 723,799 717,177
Accrued interest receivable 245,498 196,606
Goodwill 1,868,936 1,868,936
Other intangible assets, net 160,331 197,456
Other assets 1,421,567 1,242,152
Total Assets 60,934,974 57,462,749
Deposits:    
Non-interest bearing 11,539,483 14,463,645
Interest bearing:    
Savings, NOW and money market 24,526,622 23,616,812
Time 13,176,724 9,556,457
Total deposits 49,242,829 47,636,914
Short-term borrowings 917,834 138,729
Long-term borrowings 2,328,375 1,543,058
Junior subordinated debentures issued to capital trusts 57,108 56,760
Lease liabilities 403,781 358,884
Accrued expenses and other liabilities 1,283,656 1,327,602
Total Liabilities 54,233,583 51,061,947
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 507,896,910 shares at December 31, 2023 and December 31, 2022) 178,187 178,185
Surplus 4,989,989 4,980,231
Retained earnings 1,471,371 1,218,445
Accumulated other comprehensive loss (146,456) (164,002)
Treasury stock, at cost (186,983 common shares at December 31, 2023 and 1,522,432 common shares at December 31, 2022) (1,391) (21,748)
Total Shareholders’ Equity 6,701,391 6,400,802
Total Liabilities and Shareholders’ Equity 60,934,974 57,462,749
Series A Preferred Stock    
Shareholders’ Equity    
Preferred stock, no par value; authorized 50,000,000 shares: 111,590 111,590
Series B Preferred Stock    
Shareholders’ Equity    
Preferred stock, no par value; authorized 50,000,000 shares: $ 98,101 $ 98,101