v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS:    
Cash and due from banks $ 214,120 $ 181,103
Interest-earning deposits in financial institutions 2,003,149 2,126,862
Total cash, cash equivalents, and restricted cash 2,217,269 2,307,965
Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,857,903 and $2,646,414, respectively) 2,656,332 [1] 2,454,058 [2]
Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,227,000 and $2,246,526, respectively)(ACL of $695 and $695, respectively) 2,313,548 [3] 2,308,636 [4]
FRB and FHLB stock, at cost 170,342 160,442
Total investment securities 5,140,222 4,923,136
Loans HFS 259,049 182,936
Loans and leases HFI 24,780,347 25,032,679
Allowance for loan and lease losses (241,600) (245,612)
Total loans and leases HFI, net [5] 24,538,747 24,787,067
Equipment leased to others under operating leases 223,558 238,232
Premises and equipment, net 146,316 146,698
Bank owned life insurance 352,707 350,083
Goodwill 214,521 214,521
Intangible assets, net 99,091 105,287
Deferred tax asset, net 653,481 656,755
Other assets 879,280 884,762
Total assets [6] 34,724,241 34,797,442
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing deposits 7,797,542 7,822,787
Interest-bearing deposits 19,524,592 20,020,570
Total deposits 27,322,134 27,843,357
Borrowings (including $111,250 and $113,634 at fair value, respectively) 2,551,250 2,063,819
Subordinated debt 954,072 952,740
Accrued interest payable and other liabilities 343,459 396,249
Total liabilities 31,170,915 31,256,165
Commitments and contingencies (Note 10)
Preferred stock 498,516 498,516
Common stock ($0.01 par value, 1563,784,724 shares issued and 153,722,123 outstanding at March 31, 2026; 155,039,018 shares issued and 149,963,520 outstanding at December 31, 2025) 1,538 1,500
Class B Non-voting common stock ($0.01 par value, 477,321 shares issued at March 31, 2025 and 477,321 share issued at December 31, 2024) 5 5
Additional paid-in capital 3,501,213 3,552,483
Retained deficit (180,011) (242,016)
Accumulated other comprehensive loss, net (267,935) (269,261)
Total stockholders' equity 3,553,326 3,541,277
Total liabilities and stockholders' equity 34,724,241 34,797,442
Nonvoting Common Stock    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-voting common stock equivalents ($0.01 par value, 9,790,600 shares issued at March 31, 2025 and 9,790,600 shares issued at December 31, 2024) $ 0 $ 50
[1] Excludes accrued interest receivable of $12.3 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheets.
[2] Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.
[3] Excludes accrued interest receivable of $11.2 million at March 31, 2026 which is recorded in "Other assets" on the consolidated balance sheet
[4] Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets
[5] Excludes accrued interest receivable of $106.2 million and $104.3 million at March 31, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.
[6] Segment total assets is the same as total assets reported on the consolidated balance sheets.