| Summary of Cash and Cash Equivalents |
This table provides a summary of cash and cash equivalents as presented on the Consolidated Statements of Cash Flows as of June 30, 2026 and June 30, 2025 (in thousands):
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|
|
|
|
|
|
June 30, |
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|
|
2026 |
|
|
2025 |
|
Due from the FRB |
|
$ |
4,829,972 |
|
|
$ |
9,908,193 |
|
Cash and due from banks |
|
|
779,876 |
|
|
|
1,087,696 |
|
Cash and cash equivalents at end of period |
|
$ |
5,609,848 |
|
|
$ |
10,995,889 |
|
|
| Summary of Amounts Used in Determination of Basic and Diluted Net Income Per Common Share |
The following table provides the amounts used in the determination of basic and diluted net income per common share for the three and six months ended June 30, 2026 and 2025 (in thousands, except share and per share data):
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|
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|
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|
|
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Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
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|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net income |
|
$ |
277,570 |
|
|
$ |
217,394 |
|
|
$ |
539,008 |
|
|
$ |
298,727 |
|
Less: Preferred dividends |
|
|
5,812 |
|
|
|
2,012 |
|
|
|
11,625 |
|
|
|
4,025 |
|
Net income available to common shareholders |
|
$ |
271,758 |
|
|
$ |
215,382 |
|
|
$ |
527,383 |
|
|
$ |
294,702 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding for basic earnings per share |
|
|
75,972,781 |
|
|
|
75,923,082 |
|
|
|
76,002,535 |
|
|
|
70,523,171 |
|
Assumed incremental common shares issued upon vesting of outstanding restricted stock units |
|
|
419,452 |
|
|
|
318,716 |
|
|
|
419,902 |
|
|
|
378,464 |
|
Weighted average common shares for diluted earnings per share |
|
|
76,392,233 |
|
|
|
76,241,798 |
|
|
|
76,422,437 |
|
|
|
70,901,635 |
|
Net income per common share – basic |
|
$ |
3.58 |
|
|
$ |
2.84 |
|
|
$ |
6.94 |
|
|
$ |
4.18 |
|
Net income per common share – diluted |
|
|
3.56 |
|
|
|
2.82 |
|
|
|
6.90 |
|
|
|
4.16 |
|
Number of antidilutive restricted stock units excluded from diluted earnings per share computation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Number of antidilutive stock options excluded from diluted earnings per share computation |
|
|
— |
|
|
|
4,962 |
|
|
|
— |
|
|
|
4,962 |
|
|