v3.25.1
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 380,165 $ 419,638
Money market investments:    
Time deposits with other banks 6,195,028 6,380,948
Total money market investments 6,195,028 6,380,948
Trading account debt securities, at fair value 28,477 32,831
Debt securities available-for-sale, at fair value:    
Pledged securities with creditors' right to repledge 33,273 30,486
Other debt securities available-for-sale 19,459,907 18,215,417
Debt securities available-for-sale 19,493,180 18,245,903
Debt securities held-to-maturity, at amortized cost:    
Pledged securities with creditors' right to repledge 27,595 27,405
Other debt securities held-to-maturity 7,621,123 7,730,672
Debt securities held-to-maturity (fair value 2025 - $7,640,686; 2024 - $7,682,664) 7,648,718 7,758,077
Less - Allowance for credit losses 5,481 5,317
Debt securities held-to-maturity, net 7,643,237 7,752,760
Equity securities (realizable value 2025 - $205,515; 2024 - $208,663) 205,021 208,166
Loans held-for-sale, at fair value 5,077 5,423
Loans held-in-portfolio 37,675,070 37,522,995
Less - Unearned income 421,038 415,343
Allowance for credit losses 762,148 746,024
Total loans held-in-portfolio, net 36,491,884 36,361,628
Premises and equipment, net 625,237 601,787
Other real estate 52,114 57,268
Accrued income receivable 262,720 263,389
Mortgage servicing rights, at fair value 104,743 108,103
Other assets 1,742,540 1,797,759
Goodwill 802,954 802,954
Other intangible assets 6,229 6,826
Total assets 74,038,606 73,045,383
Deposits:    
Non-interest bearing 15,160,801 15,139,555
Interest bearing 50,658,454 49,744,790
Total deposits 65,819,255 64,884,345
Assets sold under agreements to repurchase 57,268 54,833
Other short-term borrowings 200,000 225,000
Notes payable 833,149 896,293
Other liabilities 1,329,239 1,371,846
Total liabilities 68,238,911 67,432,317
Stockholders' equity:    
Preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding (2024 - 885,726) 22,143 22,143
Common stock, $0.01 par value; 170,000,000 shares authorized;104,869,189 shares issued (2024 - 104,849,460) and 68,984,148 shares outstanding (2024 - 70,141,291) 1,049 1,048
Surplus 4,912,886 4,908,693
Retained earnings 4,699,697 4,570,957
Treasury stock - at cost, 35,885,041 shares (2024 - 34,708,169) (2,346,093) (2,228,535)
Accumulated other comprehensive loss, net of tax (1,489,987) (1,661,240)
Total stockholders' equity 5,799,695 5,613,066
Total liabilities and stockholders' equity $ 74,038,606 $ 73,045,383