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Consolidated Balance Sheets - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 523,435 $ 507,187
Interest-bearing deposits in other financial institutions 236,010 221,226
Federal funds sold and securities purchased under agreements to resell 100 148,285
Investment securities held to maturity, at amortized cost(a) [1] 2,200,419 2,740,511
Investment securities available for sale, at fair value(a) [1] 3,436,289 3,946,941
Equity securities 15,096 1,568
Federal Home Loan Bank and Federal Reserve Bank stocks, at cost 207,443 250,534
Loans 22,754,710 22,940,429
Allowance for loan losses (214,425) (238,023)
Loans, net 22,540,285 22,702,406
Bank and corporate owned life insurance 670,739 663,203
Investment in unconsolidated subsidiaries 256,220 161,181
Premises and equipment, net 436,268 363,225
Goodwill 1,176,230 1,169,023
Mortgage servicing rights, net 68,168 68,193
Other intangible assets, net 91,089 75,836
Other assets(b) 589,420 516,538
Total assets 32,596,460 33,615,122
Liabilities and Stockholders' Equity    
Noninterest-bearing demand deposits 5,503,223 5,698,530
Interest-bearing deposits 18,919,339 19,198,863
Total deposits 24,422,562 24,897,393
Federal funds purchased and securities sold under agreements to repurchase 78,028 111,651
Commercial paper 30,416 45,423
FHLB advances 2,877,727 3,574,371
Other long-term funding 796,799 795,611
Accrued expenses and other liabilities(b) [2] 470,073 409,787
Total liabilities 28,675,605 29,834,235
Stockholders’ Equity    
Preferred equity 256,716 256,716
Common stock 1,752 1,752
Surplus 1,713,971 1,712,615
Retained earnings 2,341,158 2,181,414
Accumulated other comprehensive income (loss) (36,953) (124,972)
Treasury stock, at cost (355,791) (246,638)
Total common equity 3,664,139 3,524,171
Total stockholders’ equity 3,920,855 3,780,888
Total liabilities and stockholders’ equity $ 32,596,460 $ 33,615,122
Preferred shares issued 264,458 264,458
Preferred shares authorized (par value $1.00 per share) 750,000 750,000
Common shares issued 175,216,409 175,216,409
Common shares authorized (par value $0.01 per share) 250,000,000 250,000,000
Treasury shares of common stock 15,925,525 10,775,938
Transfer of securities from held to maturity to available for sale $ 692,000  
Residential loans held for sale    
Assets    
Loans Receivable Held-for-sale, Amount 137,655 $ 64,321
Loans 7,954,801 8,277,712
Commercial loans held for sale    
Assets    
Loans Receivable Held-for-sale, Amount 11,597 14,943
Loans 13,570,932 13,405,072
Total consumer    
Assets    
Loans $ 9,183,778 $ 9,535,357
[1]
(a) As permitted by ASU 2019-04, which was adopted during the third quarter of 2019, the Corporation made a one-time election to transfer municipal securities with a book value of $692 million from held to maturity to available for sale.
[2]
(b) During the third quarter of 2019, the Corporation made a change in accounting policy to offset derivative assets and liabilities and cash collateral with the same counterparty where it has a legally enforceable master netting agreement in place. The change had no impact on either earnings or equity. The Corporation believes that this change is a preferable method of accounting as it provides a better reflection of the assets and liabilities on the face of the consolidated balance sheets. Adoption of this change was voluntary and has been adopted retrospectively with all prior periods presented herein revised.