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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 478,006 $ 284,090
Interest bearing deposits with banks 531,067 607,135
Investment securities:    
Equity securities 69,105 64,464
Trading debt securities 3,979 3,973
Available for sale debt securities 2,212,092 1,296,576
Held to maturity debt securities (net of allowance for credit losses of $1,090 at June 30, 2024 and $1,205 at December 31, 2023) 3,650,364 3,739,208
Total investment securities 5,935,540 5,104,221
Loans held for sale (includes fair value of $11,137 at June 30, 2024 and $20,640 at December 31, 2023 for loans originated for sale) 19,887 30,640
Loans 50,311,702 50,210,295
Less: Allowance for loan losses (519,310) (446,080)
Net loans 49,792,392 49,764,215
Premises and equipment, net 363,038 381,081
Lease right of use assets 337,947 343,461
Bank owned life insurance 725,879 723,799
Accrued interest receivable 251,167 245,498
Goodwill 1,868,936 1,868,936
Other intangible assets, net 143,644 160,331
Other assets 1,611,471 1,421,567
Total Assets 62,058,974 60,934,974
Deposits:    
Non-interest bearing 11,117,746 11,539,483
Interest bearing:    
Savings, NOW and money market 24,711,083 24,526,622
Time 14,283,348 13,176,724
Total deposits 50,112,177 49,242,829
Short-term borrowings 63,770 917,834
Long-term borrowings 3,264,530 2,328,375
Junior subordinated debentures issued to capital trusts 57,282 57,108
Lease liabilities 398,179 403,781
Accrued expenses and other liabilities 1,425,299 1,283,656
Total Liabilities 55,321,237 54,233,583
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 509,205,014 shares at June 30, 2024 and 507,896,910 shares at December 31, 2023) 178,645 178,187
Surplus 4,995,638 4,989,989
Retained earnings 1,516,376 1,471,371
Accumulated other comprehensive loss (162,613) (146,456)
Treasury stock, at cost (186,983 common shares at December 31, 2023) 0 (1,391)
Total Shareholders’ Equity 6,737,737 6,701,391
Total Liabilities and Shareholders’ Equity 62,058,974 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