XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets [Abstract]    
Cash and noninterest-bearing due from banks $ 447,216 $ 268,649
Restricted cash 22,567 31,447
Interest-bearing due from banks 3,363,348 877,286
Federal funds sold and other 0 0
Cash and cash equivalents 3,833,131 1,177,382
Securities purchased with agreement to resell 507,235 513,276
Debt Securities, Available-for-sale 3,591,280 3,558,870
Securities held-to-maturity (fair value of $2.7 billion and $2.7 billion, net of allowance for credit losses of $1.7 million and $1.6 million at June 30, 2023 and Dec. 31, 2022, respectively) 3,032,177 3,079,050
Consumer loans held-for-sale 85,981 42,237
Commercial loans held-for-sale 22,713 21,093
Loans 31,153,290 29,041,605
Less allowance for credit losses (337,459) (300,665)
Loans, net 30,815,831 28,740,940
Premises and equipment, net 244,853 327,885
Equity method investment 461,596 443,185
Accrued interest receivable 164,854 161,182
Goodwill 1,846,973 1,846,973
Core deposits and other intangible assets 30,981 34,555
Other real estate owned 2,555 7,952
Other assets 2,235,822 2,015,441
Total assets 46,875,982 41,970,021
Deposits:    
Noninterest-bearing 8,436,799 9,812,744
Interest-bearing 10,433,361 7,884,605
Savings and money market accounts 13,645,849 13,774,534
Time 5,206,652 3,489,355
Total deposits 37,722,661 34,961,238
Securities sold under agreements to repurchase 163,774 194,910
Federal Home Loan Bank advances 2,200,917 464,436
Subordinated debt and other borrowings 424,497 424,055
Accrued interest payable 53,854 19,478
Other liabilities 466,520 386,512
Total liabilities 41,032,223 36,450,629
Shareholders' equity:    
Preferred stock, no par value, 10.0 million shares authorized; 225,000 shares non-cumulative perpetual preferred stock, Series B, liquidation preference $225.0 million, issued and outstanding at June 30, 2023 and Dec. 31, 2022, respectively 217,126 217,126
Common stock, par value $1.00; 180.0 million shares authorized; 76.7 million and 76.5 million shares issued and outstanding at June 30, 2023 and Dec. 31, 2022, respectively 76,740 76,454
Additional paid-in capital 3,087,967 3,074,867
Retained earnings 2,634,315 2,341,706
Accumulated other comprehensive loss, net of taxes (172,389) (190,761)
Total shareholders' equity 5,843,759 5,519,392
Liabilities and Equity $ 46,875,982 $ 41,970,021