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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 411,412 $ 284,090
Interest bearing deposits with banks 1,478,713 607,135
Investment securities:    
Equity securities 71,513 64,464
Trading debt securities 0 3,973
Available for sale debt securities 3,369,724 1,296,576
Held to maturity debt securities (net of allowance for credit losses of $647 at December 31, 2024 and $1,205 at December 31, 2023) 3,531,573 3,739,208
Total investment securities 6,972,810 5,104,221
Loans held for sale (includes fair value of $16,931 at December 31, 2024 and $20,640 at December 31, 2023 for loans originated for sale) 25,681 30,640
Loans 48,799,711 50,210,295
Less: Allowance for loan losses (558,850) (446,080)
Net loans 48,240,861 49,764,215
Premises and equipment, net 350,796 381,081
Lease right of use assets 328,475 343,461
Bank owned life insurance 731,574 723,799
Accrued interest receivable 239,941 245,498
Goodwill 1,868,936 1,868,936
Other intangible assets, net 128,661 160,331
Other assets 1,713,831 1,421,567
Total Assets 62,491,691 60,934,974
Deposits:    
Non-interest bearing 11,428,674 11,539,483
Interest bearing:    
Savings, NOW and money market 26,304,639 24,526,622
Time 12,342,544 13,176,724
Total deposits 50,075,857 49,242,829
Short-term borrowings 72,718 917,834
Long-term borrowings 3,174,155 2,328,375
Junior subordinated debentures issued to capital trusts 57,455 57,108
Lease liabilities 388,303 403,781
Accrued expenses and other liabilities 1,288,076 1,283,656
Total Liabilities 55,056,564 54,233,583
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 558,786,093 shares at December 31, 2024 and 507,896,910 shares at December 31, 2023) 195,998 178,187
Surplus 5,442,070 4,989,989
Retained earnings 1,598,048 1,471,371
Accumulated other comprehensive loss (155,334) (146,456)
Treasury stock, at cost (186,983 common shares at December 31, 2023) 0 (1,391)
Total Shareholders’ Equity 7,435,127 6,701,391
Total Liabilities and Shareholders’ Equity 62,491,691 60,934,974
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
Series C Preferred Stock    
Shareholders’ Equity    
Preferred stock, no par value; authorized 50,000,000 shares: $ 144,654 $ 0