v3.26.1
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Assets      
Cash and due from banks $ 595,790 $ 467,874 $ 695,501
Federal funds sold and securities purchased under resale agreements 65 64 63
Interest-bearing deposits with banks 3,573,915 3,180,553 4,569,618
Available-for-sale securities, at fair value 7,587,545 6,236,263 4,885,715
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $220, $260 and $398 at June 30, 2026, December 31, 2025 and June 30, 2025, respectively ($2.6 billion, $2.8 billion and $2.9 billion fair value at June 30, 2026, December 31, 2025 and June 30, 2025, respectively) 3,196,452 3,343,905 3,502,186
Equity securities with readily determinable fair value 65,815 63,770 273,722
Federal Home Loan Bank and Federal Reserve Bank stock 294,629 291,881 282,087
Mortgage loans held-for-sale, at fair value 407,495 340,745 299,606
Loans, net of unearned income 55,654,947 53,105,101 51,041,679
Allowance for loan losses (480,969) (460,205) (457,063)
Premises, software and equipment, net 778,958 781,611 776,324
Lease investments, net 363,664 360,646 289,768
Accrued interest receivable and other assets 1,666,474 1,617,682 1,610,025
Receivable on unsettled securities sales 0 835,275 240,039
Goodwill 797,219 797,960 798,144
Other acquisition-related intangible assets 88,119 97,999 110,495
Total assets 74,668,135 71,142,046 68,983,318
Deposits:      
Non-interest-bearing 11,796,736 11,423,701 10,877,166
Interest-bearing 49,344,539 46,293,490 44,939,645
Total deposits 61,141,275 57,717,191 55,816,811
Federal Home Loan Bank advances 3,450,680 3,451,309 3,151,309
Other borrowings 370,736 477,966 625,392
Subordinated notes 298,820 298,636 298,458
Junior subordinated debentures 253,566 253,566 253,566
Payable on unsettled securities sales 0 0 39,105
Accrued interest payable and other liabilities 1,627,942 1,684,663 1,572,981
Total liabilities 67,143,019 63,883,331 61,757,622
Shareholders’ Equity:      
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at June 30, 2026, December 31, 2025 and June 30, 2025; 67,581,486 shares issued at June 30, 2026, 67,062,182 shares issued at December 31, 2025 and 67,025,001 shares issued at June 30, 2025 67,581 67,062 67,025
Surplus 2,560,427 2,534,024 2,495,637
Treasury stock, at cost, $126,072 shares at June 30, 2026, and 87,269 shares at December 31, 2025 and June 30, 2025 (14,882) (9,156) (9,156)
Retained earnings 4,907,788 4,537,539 4,200,923
Accumulated other comprehensive loss (420,798) (295,754) (366,233)
Total shareholders’ equity 7,525,116 7,258,715 7,225,696
Total liabilities and shareholders’ equity $ 74,668,135 $ 71,142,046 $ 68,983,318
Treasury stock (in shares) 126,072 87,269 87,269
Series D - $25 liquidation value; no shares issued and outstanding at June 30, 2026 and December 31, 2025 and 5,000,000 shares issued and outstanding at June 30, 2025      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: $ 0 $ 0 $ 125,000
Series E - $25,000 liquidation value; no shares issued and outstanding at June 30, 2026 and December 31, 2025 and 11,500 shares issued and outstanding at June 30, 2025      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: 0 0 287,500
Series F - $25,000 liquidation value; 17,000 shares issued and outstanding at June 30, 2026, December 31, 2025 and June 30, 2025      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: 425,000 425,000 425,000
Loans      
Assets      
Loans, net of unearned income 55,654,947 53,105,101 51,041,679
Allowance for loan losses (402,952) (379,283) (391,654)
Net loans $ 55,251,995 $ 52,725,818 $ 50,650,025