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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 414,280 $ 561,202
Interest-bearing bank deposits 438,606 626,646
Federal funds sold 414 436
Securities available for sale, at fair value (amortized cost of $5,535,212 and $5,496,718) 4,905,423 4,915,195
Securities held to maturity (fair value of $2,436,610 and $2,485,918) 2,653,759 2,684,779
Loans held for sale (includes $15,208 and $13,269 measured at fair value) 16,470 26,124
Loans 23,970,938 23,921,917
Less: allowance for loan losses (313,726) (307,907)
Loans, net 23,657,212 23,614,010
Property and equipment, net of accumulated depreciation of $326,472 and $318,746 296,199 301,639
Right of use assets, net of accumulated amortization of $58,824 and $55,815 101,694 105,799
Prepaid expenses 48,773 45,234
Other real estate and foreclosed assets, net 2,793 3,628
Accrued interest receivable 159,095 157,179
Goodwill 855,453 855,453
Other intangible assets, net 42,111 44,637
Life insurance contracts 756,746 749,495
Funded pension assets, net 244,383 216,849
Deferred tax asset, net 165,090 153,384
Other assets 488,618 516,884
Total assets 35,247,119 35,578,573
Deposits    
Noninterest-bearing 10,802,127 11,030,515
Interest-bearing 18,973,779 18,659,544
Total deposits 29,775,906 29,690,059
Short-term borrowings 667,760 1,154,829
Long-term debt 236,355 236,317
Accrued interest payable 44,365 45,000
Lease liabilities 120,975 125,618
Other liabilities 548,322 523,089
Total liabilities 31,393,683 31,774,912
Stockholders' equity:    
Common stock 309,513 309,513
Capital surplus 1,739,702 1,739,671
Retained earnings 2,457,736 2,375,604
Accumulated other comprehensive loss, net (653,515) (621,127)
Total stockholders' equity 3,853,436 3,803,661
Total liabilities and stockholders' equity $ 35,247,119 $ 35,578,573
Preferred shares authorized (par value of $20.00 per share) 50,000,000 50,000,000
Common shares authorized (par value of $3.33 per share) 350,000,000 350,000,000
Common shares issued 92,947,000 92,947,000
Common shares outstanding 86,622,000 86,345,000