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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 373,380 $ 507,187
Interest-bearing deposits in other financial institutions 207,624 221,226
Federal funds sold and securities purchased under agreements to resell 7,740 148,285
Investment securities held to maturity, at amortized cost 2,205,083 2,740,511
Investment securities available for sale, at fair value 3,262,586 3,946,941
Equity securities 15,090 1,568
Federal Home Loan Bank and Federal Reserve Bank stocks, at cost 227,347 250,534
Residential loans held for sale 136,280 64,321
Commercial loans held for sale 15,000 14,943
Loans 22,821,440 22,940,429
Allowance for loan losses (201,371) (238,023)
Loans, net 22,620,068 22,702,406
Bank and corporate owned life insurance 671,948 663,203
Tax credit and other investments 279,969 161,181
Premises and equipment, net 435,284 363,225
Goodwill 1,176,230 1,169,023
Mortgage servicing rights, net 67,306 68,193
Other intangible assets, net 88,301 75,836
Other assets(a) [1] 597,242 516,538
Total assets 32,386,478 33,615,122
Liabilities and stockholders' equity    
Noninterest-bearing demand deposits 5,450,709 5,698,530
Interest-bearing deposits 18,328,355 19,198,863
Total deposits 23,779,064 24,897,393
Federal funds purchased and securities sold under agreements to repurchase 433,097 111,651
Commercial paper 32,016 45,423
FHLB advances 3,180,967 3,574,371
Other long-term funding 549,343 795,611
Accrued expenses and other liabilities(a) 489,868 409,787
Total liabilities 28,464,355 29,834,235
Stockholders’ equity    
Preferred equity 256,716 256,716
Common stock 1,752 1,752
Surplus 1,716,431 1,712,615
Retained earnings 2,380,867 2,181,414
Accumulated other comprehensive income (loss) (33,183) (124,972)
Treasury stock, at cost (400,460) (246,638)
Total common equity 3,665,407 3,524,171
Total stockholders’ equity 3,922,124 3,780,888
Total liabilities and stockholders’ equity $ 32,386,478 $ 33,615,122
Preferred shares authorized (par value $1.00 per share) 750,000 750,000
Preferred shares issued and outstanding 264,458 264,458
Common shares authorized (par value $0.01 per share) 250,000,000 250,000,000
Common shares issued 175,216,409 175,216,409
Common shares outstanding 157,171,247 164,440,471
[1] (a) 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.