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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 511,945 $ 284,090
Interest bearing deposits with banks 527,960 607,135
Investment securities:    
Equity securities 73,071 64,464
Trading debt securities 3,996 3,973
Available for sale debt securities 2,602,260 1,296,576
Held to maturity debt securities (net of allowance for credit losses of $1,076 at September 30, 2024 and $1,205 at December 31, 2023) 3,573,960 3,739,208
Total investment securities 6,253,287 5,104,221
Loans held for sale (includes fair value of $17,153 at September 30, 2024 and $20,640 at December 31, 2023 for loans originated for sale) 843,201 30,640
Loans 49,355,319 50,210,295
Less: Allowance for loan losses (548,327) (446,080)
Net loans 48,806,992 49,764,215
Premises and equipment, net 356,649 381,081
Lease right of use assets 335,032 343,461
Bank owned life insurance 730,081 723,799
Accrued interest receivable 250,131 245,498
Goodwill 1,868,936 1,868,936
Other intangible assets, net 135,478 160,331
Other assets 1,472,640 1,421,567
Total Assets 62,092,332 60,934,974
Deposits:    
Non-interest bearing 11,153,754 11,539,483
Interest bearing:    
Savings, NOW and money market 25,069,405 24,526,622
Time 14,172,807 13,176,724
Total deposits 50,395,966 49,242,829
Short-term borrowings 58,268 917,834
Long-term borrowings 3,274,340 2,328,375
Junior subordinated debentures issued to capital trusts 57,368 57,108
Lease liabilities 394,971 403,781
Accrued expenses and other liabilities 939,039 1,283,656
Total Liabilities 55,119,952 54,233,583
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 509,252,936 shares at September 30, 2024 and 507,896,910 shares at December 31, 2023) 178,661 178,187
Surplus 5,002,718 4,989,989
Retained earnings 1,551,428 1,471,371
Accumulated other comprehensive loss (114,772) (146,456)
Treasury stock, at cost (186,983 common shares at December 31, 2023) 0 (1,391)
Total Shareholders’ Equity 6,972,380 6,701,391
Total Liabilities and Shareholders’ Equity 62,092,332 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
Series C    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: $ 144,654 $ 0