XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 440,870 $ 411,412
Interest bearing deposits with banks 745,547 1,478,713
Investment securities:    
Equity securities 77,408 71,513
Available for sale debt securities 3,896,205 3,369,724
Held to maturity debt securities (net of allowance for credit losses of $637 at June 30, 2025 and $647 at December 31, 2024) 3,530,924 3,531,573
Total investment securities 7,504,537 6,972,810
Loans held for sale (includes fair value of $9,146 at June 30, 2025 and $16,931 at December 31, 2024 for loans originated for sale) 28,096 25,681
Loans 49,391,420 48,799,711
Less: Allowance for loan losses (579,500) (558,850)
Net loans 48,811,920 48,240,861
Premises and equipment, net 337,371 350,796
Lease right of use assets 332,324 328,475
Bank owned life insurance 735,026 731,574
Accrued interest receivable 238,278 239,941
Goodwill 1,868,936 1,868,936
Other intangible assets, net 114,579 128,661
Other assets 1,547,874 1,713,831
Total Assets 62,705,358 62,491,691
Deposits:    
Non-interest bearing 11,746,770 11,428,674
Interest bearing:    
Savings, NOW and money market 26,091,633 26,304,639
Time 12,886,881 12,342,544
Total deposits 50,725,284 50,075,857
Short-term borrowings 162,244 72,718
Long-term borrowings 2,903,091 3,174,155
Junior subordinated debentures issued to capital trusts 57,629 57,455
Lease liabilities 392,633 388,303
Accrued expenses and other liabilities 889,056 1,288,076
Total Liabilities 55,129,937 55,056,564
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 560,522,946 shares at June 30, 2025 and 558,786,093 shares at December 31, 2024) 196,606 195,998
Surplus 5,451,543 5,442,070
Retained earnings 1,694,903 1,598,048
Accumulated other comprehensive loss (119,889) (155,334)
Treasury stock, at cost (241,125 common shares at June 30, 2025) (2,087) 0
Total Shareholders’ Equity 7,575,421 7,435,127
Total Liabilities and Shareholders’ Equity 62,705,358 62,491,691
Series A    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: $ 111,590 $ 111,590
Preferred stock, shares issued (in shares) 4,600,000 4,600,000
Series B    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: $ 98,101 $ 98,101
Preferred stock, shares issued (in shares) 4,000,000 4,000,000
Series C    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: $ 144,654 $ 144,654
Preferred stock, shares issued (in shares) 6,000,000 6,000,000