XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 238,148 $ 257,153
Interest-bearing deposits with other banks 1,493,312 1,340,620
Federal funds sold 1,186 1,170
Total cash and cash equivalents 1,732,646 1,598,943
Securities available for sale at estimated fair value (amortized cost-$3,980,612 at March 31, 2024 and $4,149,895 at December 31, 2023, allowance for credit losses of $0 at March 31, 2024 and December 31, 2023) 3,613,975 3,786,377
Securities held to maturity, net of allowance for credit losses of $19 at March 31, 2024 and $17 at December 31, 2023 (estimated fair value-$1,020 at March 31, 2024 and December 31, 2023) 1,001 1,003
Equity securities at estimated fair value 8,762 8,945
Other investment securities 330,781 329,429
Loans held for sale measured using fair value option 44,426 56,261
Loans and leases 21,532,568 21,373,185
Less: Unearned income (12,492) (14,101)
Loans and leases, net of unearned income 21,520,076 21,359,084
Less: Allowance for loan and lease losses (262,905) (259,237)
Net loans and leases 21,257,171 21,099,847
Bank premises and equipment 190,988 190,520
Operating lease right-of-use assets 86,074 86,986
Goodwill 1,888,889 1,888,889
Mortgage servicing rights 4,241 4,554
Bank-owned life insurance ("BOLI") 490,596 486,895
Accrued interest receivable 113,815 111,420
Other assets 265,433 276,413
TOTAL ASSETS 30,028,798 29,926,482
Deposits:    
Noninterest-bearing 6,017,349 6,149,080
Interest-bearing 16,902,397 16,670,239
Total deposits 22,919,746 22,819,319
Borrowings:    
Securities sold under agreements to repurchase 207,727 196,095
Federal Home Loan Bank ("FHLB") borrowings 1,460,415 1,510,487
Other long-term borrowings 279,019 278,616
Reserve for lending-related commitments 42,915 44,706
Operating lease liabilities 92,266 92,885
Accrued expenses and other liabilities 219,269 213,134
TOTAL LIABILITIES 25,221,357 25,155,242
Shareholders' Equity    
Preferred stock, $1.00 par value; Authorized-50,000,000 shares, none issued 0 0
Common stock, $2.50 par value; Authorized-200,000,000 shares; issued-142,536,369 and 142,257,646 at March 31, 2024 and December 31, 2023, respectively, including 7,343,694 and 7,308,583 shares in treasury at March 31, 2024 and December 31, 2023, respectively 356,341 355,644
Surplus 3,183,198 3,181,764
Retained earnings 1,782,220 1,745,619
Accumulated other comprehensive loss (260,992) (259,681)
Treasury stock, at cost (253,326) (252,106)
TOTAL SHAREHOLDERS' EQUITY 4,807,441 4,771,240
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 30,028,798 $ 29,926,482