XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 508,887 $ 411,412
Interest bearing deposits with banks 714,810 1,478,713
Investment securities:    
Equity securities 74,425 71,513
Available for sale debt securities 3,658,704 3,369,724
Held to maturity debt securities (net of allowance for credit losses of $633 at March 31, 2025 and $647 at December 31, 2024) 3,545,328 3,531,573
Total investment securities 7,278,457 6,972,810
Loans held for sale (includes fair value of $8,427 at March 31, 2025 and $16,931 at December 31, 2024 for loans originated for sale) 27,377 25,681
Loans 48,657,128 48,799,711
Less: Allowance for loan losses (578,200) (558,850)
Net loans 48,078,928 48,240,861
Premises and equipment, net 344,123 350,796
Lease right of use assets 334,013 328,475
Bank owned life insurance 733,135 731,574
Accrued interest receivable 238,326 239,941
Goodwill 1,868,936 1,868,936
Other intangible assets, net 121,340 128,661
Other assets 1,617,323 1,713,831
Total Assets 61,865,655 62,491,691
Deposits:    
Non-interest bearing 11,628,578 11,428,674
Interest bearing:    
Savings, NOW and money market 26,413,258 26,304,639
Time 11,924,008 12,342,544
Total deposits 49,965,844 50,075,857
Short-term borrowings 59,026 72,718
Long-term borrowings 2,904,567 3,174,155
Junior subordinated debentures issued to capital trusts 57,542 57,455
Lease liabilities 394,334 388,303
Accrued expenses and other liabilities 984,445 1,288,076
Total Liabilities 54,365,758 55,056,564
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 560,278,101 shares at March 31, 2025 and 558,786,093 shares at December 31, 2024) 196,520 195,998
Surplus 5,444,756 5,442,070
Retained earnings 1,634,690 1,598,048
Accumulated other comprehensive loss (128,252) (155,334)
Treasury stock, at cost (250,000 common shares at March 31, 2025) (2,162) 0
Total Shareholders’ Equity 7,499,897 7,435,127
Total Liabilities and Shareholders’ Equity 61,865,655 62,491,691
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 $ 144,654