v3.26.3
CONSOLIDATED STATEMENTS OF CONDITION - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Assets      
Cash and due from banks $ 635,592 $ 467,874 $ 565,406
Federal funds sold and securities purchased under resale agreements 65 64 63
Interest-bearing deposits with banks 3,557,687 3,180,553 3,422,452
Available-for-sale securities, at fair value 7,569,498 6,236,263 5,274,124
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $213, $260 and $395 at September 30, 2026, December 31, 2025 and September 30, 2025, respectively ($2.4 billion, $2.8 billion and $2.9 billion fair value at September 30, 2026, December 31, 2025 and September 30, 2025, respectively) 3,120,503 3,343,905 3,438,406
Equity securities with readily determinable fair value 64,811 63,770 63,445
Federal Home Loan Bank and Federal Reserve Bank stock 296,171 291,881 282,755
Mortgage loans held-for-sale, at fair value 307,748 340,745 333,883
Loans, net of unearned income 56,804,571 53,105,101 52,063,482
Allowance for loan losses (485,840) (460,205) (454,191)
Premises, software and equipment, net 792,205 781,611 775,425
Lease investments, net 363,243 360,646 301,000
Accrued interest receivable and other assets 1,946,561 1,617,682 1,614,674
Receivable on unsettled securities sales 0 835,275 978,209
Goodwill 804,661 797,960 797,639
Other acquisition-related intangible assets 110,033 97,999 105,297
Total assets 75,971,620 71,142,046 69,629,638
Deposits:      
Non-interest-bearing 11,584,695 11,423,701 10,952,146
Interest-bearing 50,850,521 46,293,490 45,759,235
Total deposits 62,435,216 57,717,191 56,711,381
Federal Home Loan Bank advances 3,450,680 3,451,309 3,151,309
Other borrowings 355,554 477,966 579,328
Subordinated notes 298,903 298,636 298,536
Junior subordinated debentures 253,566 253,566 253,566
Accrued interest payable and other liabilities 1,888,155 1,684,663 1,589,761
Total liabilities 68,682,074 63,883,331 62,583,881
Shareholders’ Equity:      
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at September 30, 2026, December 31, 2025 and September 30, 2025; 67,598,628 shares issued at September 30, 2026, 67,062,182 shares issued at December 31, 2025 and 67,042,228 shares issued at September 30, 2025 67,599 67,062 67,042
Surplus 2,574,253 2,534,024 2,521,306
Treasury stock, at cost, $126,169 shares at September 30, 2026, and 87,269 shares at December 31, 2025 and 81,019 shares at September 30, 2025 (14,897) (9,156) (9,150)
Retained earnings 5,101,367 4,537,539 4,356,367
Accumulated other comprehensive loss (863,776) (295,754) (314,808)
Total shareholders’ equity 7,289,546 7,258,715 7,045,757
Total liabilities and shareholders’ equity 75,971,620 71,142,046 69,629,638
Series F - $25,000 liquidation value; 17,000 shares issued and outstanding at September 30, 2026, December 31, 2025 and September 30, 2025      
Shareholders’ Equity:      
Preferred stock, no par value; 20,000,000 shares authorized: Series F - $25,000 liquidation value; 17,000 shares issued and outstanding at September 30, 2026, December 31, 2025 and September 30, 2025 425,000 425,000 425,000
Loans      
Assets      
Loans, net of unearned income 56,804,571 53,105,101 52,063,482
Allowance for loan losses (401,729) (379,283) (386,622)
Net loans $ 56,402,842 $ 52,725,818 $ 51,676,860