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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 463,318 $ 444,325
Interest bearing deposits with banks 1,491,091 503,622
Investment securities:    
Equity securities 61,010 48,731
Trading debt securities 3,409 13,438
Available for sale debt securities 1,236,946 1,261,397
Held to maturity debt securities (net of allowance for credit losses of $1,351 at June 30, 2023 and $1,646 at December 31, 2022) 3,765,487 3,827,338
Total investment securities 5,066,852 5,150,904
Loans held for sale, at fair value 33,044 18,118
Loans 49,877,248 46,917,200
Less: Allowance for loan losses (436,432) (458,655)
Net loans 49,440,816 46,458,545
Premises and equipment, net 386,584 358,556
Lease right of use assets 359,751 306,352
Bank owned life insurance 717,681 717,177
Accrued interest receivable 225,918 196,606
Goodwill 1,868,936 1,868,936
Other intangible assets, net 177,946 197,456
Other assets 1,471,756 1,242,152
Total Assets 61,703,693 57,462,749
Deposits:    
Non-interest bearing 12,434,307 14,463,645
Interest bearing:    
Savings, NOW and money market 22,277,326 23,616,812
Time 14,908,182 9,556,457
Total deposits 49,619,815 47,636,914
Short-term borrowings 1,088,899 138,729
Long-term borrowings 2,443,533 1,543,058
Junior subordinated debentures issued to capital trusts 56,934 56,760
Lease liabilities 420,972 358,884
Accrued expenses and other liabilities 1,498,356 1,327,602
Total Liabilities 55,128,509 51,061,947
Shareholders’ Equity    
Common stock (no par value, authorized 650,000,000 shares; issued 507,896,910 shares at June 30, 2023 and December 31, 2022) 178,187 178,185
Surplus 4,974,507 4,980,231
Retained earnings 1,379,534 1,218,445
Accumulated other comprehensive loss (164,747) (164,002)
Treasury stock, at cost (277,480 common shares at June 30, 2023 and 1,522,432 common shares at December 31, 2022) (1,988) (21,748)
Total Shareholders’ Equity 6,575,184 6,400,802
Total Liabilities and Shareholders’ Equity 61,703,693 57,462,749
Series A    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: 111,590 111,590
Series B    
Shareholders’ Equity    
Preferred stock, no par value; 50,000,000 authorized shares: $ 98,101 $ 98,101