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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 1,768,864 $ 1,517,244
Interest-bearing deposits at banks 30,114,286 24,958,719
Federal funds sold   3,000
Trading account 136,998 117,847
Investment securities    
Available for sale (cost: $11,038,966 at September 30, 2023; $11,193,152 at December 31, 2022) 10,592,409 10,748,961
Held to maturity (fair value: $13,764,943 at September 30, 2023; $12,375,420 at December 31, 2022) 15,571,120 13,529,969
Equity and other securities (cost: $1,174,046 at September 30, 2023; $933,766 at December 31, 2022) 1,172,574 931,941
Total investment securities 27,336,103 25,210,871
Loans and leases 133,133,497 132,074,156
Unearned discount (778,812) (509,993)
Loans and leases, net of unearned discount 132,354,685 131,564,163
Allowance for credit losses (2,052,127) (1,925,331)
Loans and leases, net 130,302,558 129,638,832
Premises and equipment 1,681,051 1,653,628
Goodwill 8,465,089 8,490,089
Core deposit and other intangible assets 162,275 209,374
Accrued interest and other assets 9,157,092 8,930,237
Total assets 209,124,316 200,729,841
Liabilities    
Noninterest-bearing deposits 53,786,987 65,501,860
Savings and interest-checking deposits 90,297,219 87,911,463
Time deposits 20,043,601 10,101,545
Total deposits 164,127,807 163,514,868
Short-term borrowings 6,730,663 3,554,951
Accrued interest and other liabilities 4,945,918 4,377,495
Long-term borrowings 7,123,426 3,964,537
Total liabilities 182,927,814 175,411,851
Shareholders' equity    
Preferred stock, $1.00 par, 20,000,000 shares authorized; Issued and outstanding: Liquidation preference of $1,000 per share: 350,000 shares at September 30, 2023 and December 31, 2022; Liquidation preference of $10,000 per share: 140,000 shares at September 30, 2023 and December 31, 2022; Liquidation preference of $25 per share: 10,000,000 shares at September 30, 2023 and December 31, 2022 2,010,600 2,010,600
Common stock, $.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at September 30, 2023 and December 31, 2022 89,718 89,718
Common stock issuable, 12,140 shares at September 30, 2023; 14,031 shares at December 31, 2022 979 1,112
Additional paid-in capital 10,012,438 10,002,891
Retained earnings 17,284,350 15,753,978
Accumulated other comprehensive income (loss), net (941,878) (790,030)
Treasury stock - common, at cost - 13,478,535 shares at September 30, 2023; 10,165,419 shares at December 31, 2022 (2,259,705) (1,750,279)
Total shareholders’ equity 26,196,502 25,317,990
Total liabilities and shareholders’ equity $ 209,124,316 $ 200,729,841