v3.26.1
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Loans $ 2,070,000 $ 2,054,000 $ 4,064,000 $ 4,060,000
Investment securities 411,000 334,000 804,000 670,000
Deposits at banks 139,000 219,000 288,000 437,000
Other 0 2,000 0 2,000
Total interest income 2,620,000 2,609,000 5,156,000 5,169,000
Interest expense        
Savings and interest-checking deposits 477,000 579,000 960,000 1,131,000
Time deposits 104,000 123,000 201,000 247,000
Short-term borrowings 77,000 37,000 131,000 69,000
Long-term borrowings 170,000 157,000 320,000 314,000
Total interest expense 828,000 896,000 1,612,000 1,761,000
Net interest income 1,792,000 1,713,000 3,544,000 3,408,000
Provision for credit losses 120,000 125,000 260,000 255,000
Net interest income after provision for credit losses 1,672,000 1,588,000 3,284,000 3,153,000
Other income        
Mortgage banking revenues 127,000 130,000 254,000 248,000
Service charges on deposit accounts 144,000 137,000 283,000 270,000
Trust income 197,000 182,000 380,000 359,000
Brokerage services income 35,000 31,000 70,000 63,000
Trading account and other non-hedging derivative gains 22,000 12,000 36,000 21,000
Gain (loss) on bank investment securities 2,000 0 6,000 0
Other revenues from operations 213,000 191,000 400,000 333,000
Total other income 740,000 683,000 1,429,000 1,294,000
Other expense        
Salaries and employee benefits 826,000 813,000 1,740,000 1,700,000
Equipment and net occupancy 129,000 130,000 262,000 262,000
Outside data processing and software 154,000 138,000 298,000 274,000
Professional and other services 89,000 86,000 182,000 170,000
FDIC assessments 18,000 22,000 41,000 45,000
Advertising and marketing 27,000 25,000 48,000 47,000
Amortization of core deposit and other intangible assets 7,000 9,000 16,000 22,000
Other costs of operations 99,000 113,000 200,000 231,000
Total other expense 1,349,000 1,336,000 2,787,000 2,751,000
Income before taxes 1,063,000 935,000 1,926,000 1,696,000
Income taxes 245,000 219,000 444,000 396,000
Net income 818,000 716,000 1,482,000 1,300,000
Net income available to common shareholders        
Basic 781,000 679,000 1,401,000 1,226,000
Diluted $ 781,000 $ 679,000 $ 1,401,000 $ 1,226,000
Net income per common share        
Basic (in USD per share) $ 5.35 $ 4.26 $ 9.49 $ 7.58
Diluted (in USD per share) $ 5.32 $ 4.24 $ 9.44 $ 7.55
Average common shares outstanding        
Basic (in shares) 145,891 159,221 147,549 161,701
Diluted (in shares) 146,758 160,005 148,424 162,511