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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 398,827 $ 284,090
Interest bearing deposits with banks 542,006 607,135
Investment securities:    
Equity securities 66,951 64,464
Trading debt securities 3,989 3,973
Available for sale debt securities 1,449,334 1,296,576
Held to maturity debt securities (net of allowance for credit losses of $1,131 at March 31, 2024 and $1,205 at December 31, 2023) 3,710,687 3,739,208
Total investment securities 5,230,961 5,104,221
Loans held for sale (includes fair value of $17,639 at March 31, 2024 and $20,640 at December 31, 2023 for loans originated for sale) 61,782 30,640
Loans 49,922,042 50,210,295
Less: Allowance for loan losses (469,248) (446,080)
Net loans 49,452,794 49,764,215
Premises and equipment, net 371,034 381,081
Lease right of use assets 336,330 343,461
Bank owned life insurance 723,398 723,799
Accrued interest receivable 253,893 245,498
Goodwill 1,868,936 1,868,936
Other intangible assets, net 151,469 160,331
Other assets 1,608,758 1,421,567
Total Assets 61,000,188 60,934,974
Deposits:    
Non-interest bearing 11,273,331 11,539,483
Interest bearing:    
Savings, NOW and money market 25,060,881 24,526,622
Time 12,743,734 13,176,724
Total deposits 49,077,946 49,242,829
Short-term borrowings 75,224 917,834
Long-term borrowings 3,262,341 2,328,375
Junior subordinated debentures issued to capital trusts 57,195 57,108
Lease liabilities 396,904 403,781
Accrued expenses and other liabilities 1,403,439 1,283,656
Total Liabilities 54,273,049 54,233,583
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 508,893,059 shares at March 31, 2024 and 507,896,910 shares at December 31, 2023) 178,535 178,187
Surplus 4,989,023 4,989,989
Retained earnings 1,506,738 1,471,371
Accumulated other comprehensive loss (156,848) (146,456)
Treasury stock, at cost (186,983 common shares at December 31, 2023) 0 (1,391)
Total Shareholders’ Equity 6,727,139 6,701,391
Total Liabilities and Shareholders’ Equity 61,000,188 60,934,974
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