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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 421,124 $ 388,060
Interest-bearing deposits 2,091,152 1,686,374
Fair Value [1] 9,360,097 9,006,600
Investment securities held-to-maturity, net of allowance for credit losses of $109 and $171 [2] 8,297,927 8,444,191
Loans held for sale [3] 63,849 27,634
Loans and leases 53,056,223 52,505,168
Allowance for credit losses on loans and leases (713,321) (689,566)
Loans and leases, net 52,342,902 51,815,602
Federal Home Loan Bank and Federal Reserve Bank stock 350,702 321,343
Deferred tax assets, net 249,395 316,856
Premises and equipment, net 422,425 406,963
Goodwill 2,868,068 2,868,068
Other intangible assets, net 325,064 334,301
Cash surrender value of life insurance policies 1,255,074 1,251,622
Accrued interest receivable and other assets 2,231,971 2,157,459
Total assets 80,279,750 79,025,073
Deposits:    
Non-interest-bearing 10,139,131 10,316,501
Interest-bearing 55,436,098 54,436,579
Total deposits 65,575,229 64,753,080
Securities sold under agreements to repurchase and federal funds purchased 83,395 344,168
Federal Home Loan Bank advances 2,910,011 2,110,108
Long-term debt 907,410 909,185
Accrued expenses and other liabilities 1,599,551 1,775,318
Total liabilities 71,075,596 69,891,859
Stockholders’ equity:    
Common stock 1,828 1,828
Paid-in capital 6,140,885 6,181,475
Retained earnings 3,913,169 3,759,158
Treasury stock, at cost—14,183,769 and 11,386,920 shares (686,306) (536,843)
Accumulated other comprehensive (loss), net of tax (449,401) (556,383)
Total stockholders’ equity 9,204,154 9,133,214
Total liabilities and stockholders’ equity 80,279,750 79,025,073
Preferred Stock Series F Issued    
Stockholders’ equity:    
Preferred stock $ 145,037 $ 145,037
Preferred stock, shares outstanding (in shares) 6,000 6,000
Preferred stock, shares issued (in shares) 6,000 6,000
Preferred Stock Series G Issued    
Stockholders’ equity:    
Preferred stock $ 138,942 $ 138,942
Preferred stock, shares outstanding (in shares) 135,000 135,000
Preferred stock, shares issued (in shares) 135,000 135,000
[1] Investment securities available-for-sale had an amortized cost basis of $9,941,377 at March 31, 2025, and $9,720,415 at December 31, 2024.
[2] Investment securities held-to-maturity had a fair value of $7,404,724 at March 31, 2025, and $7,453,123 and at December 31, 2024.
[3] Total loans held for sale includes residential mortgage loans valued under the fair value option of $688 at March 31, 2025, and $297 at December 31, 2024.