v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS:    
Cash and due from banks $ 225,343 $ 181,103
Interest-earning deposits in financial institutions 2,592,712 2,126,862
Total cash, cash equivalents, and restricted cash 2,818,055 2,307,965
Securities AFS, at fair value, net of allowance for credit losses (amortized cost of $0 and $2,646,414, respectively)(ACL of $— and $775, respectively) 4,484,021 2,454,058
Securities HTM, at amortized cost, net of allowance for credit losses (fair value of $0 and $2,246,526, respectively)(ACL of $0 and $695, respectively) 0 2,308,636
FRB and FHLB stock, at cost 181,352 160,442
Total investment securities 4,665,373 4,923,136
Loans HFS 915,171 182,936
Loans and leases HFI 24,210,846 25,032,679
Allowance for loan and lease losses (243,319) (245,612)
Total loans and leases HFI, net 23,967,527 24,787,067
Equipment leased to others under operating leases 218,444 238,232
Premises and equipment, net 145,440 146,698
Bank owned life insurance 348,777 350,083
Goodwill 214,521 214,521
Intangible assets, net 92,709 105,287
Deferred tax asset, net 704,467 656,755
Other assets 940,469 884,762
Total assets 35,030,953 34,797,442
LIABILITIES:    
Noninterest-bearing deposits 7,758,119 7,822,787
Interest-bearing deposits 20,363,063 20,020,570
Total deposits 28,121,182 27,843,357
Borrowings (including $110,363 and $113,634 at fair value, respectively) 2,460,363 2,063,819
Subordinated debt 573,555 952,740
Accrued interest payable and other liabilities 465,707 396,249
Total liabilities 31,620,807 31,256,165
Commitments and contingencies (Note 10)
STOCKHOLDERS' EQUITY:    
Preferred stock 498,516 498,516
Additional paid-in capital 3,485,560 3,552,483
Retained deficit (431,305) (242,016)
Accumulated other comprehensive loss, net (144,210) (269,261)
Total stockholders' equity 3,410,146 3,541,277
Total liabilities and stockholders' equity 35,030,953 34,797,442
Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock ($0.01 par value, shares issued and outstanding at June 30, 2026; 150,039,018 shares issued and 149,963,520 outstanding at December 31, 2025) 1,580 1,500
Class B non-voting    
STOCKHOLDERS' EQUITY:    
Common stock ($0.01 par value, shares issued and outstanding at June 30, 2026; 150,039,018 shares issued and 149,963,520 outstanding at December 31, 2025) 5 5
Non-voting common stock equivalents ($0.01 par value, — shares issued at June 30, 2026 and 5,017,064 shares issued at December 31, 2025) $ 0 $ 50