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Parent Company Information
12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent Company Information PARENT COMPANY INFORMATION (Note 19)
Condensed Statements of Financial Condition
 December 31,
 20252024
 (in thousands)
Assets
Cash$121,967 $277,072 
Equity securities49,371 37,076 
Investments in and receivables due from subsidiaries8,214,565 7,905,565 
Other assets4,807 8,306 
Total Assets$8,390,710 $8,228,019 
Liabilities and Shareholders’ Equity
Dividends payable to shareholders$65,401 $64,917 
Long-term borrowings444,975 647,547 
Junior subordinated debentures issued to capital trusts 57,803 57,455 
Accrued expenses and other liabilities14,833 22,973 
Shareholders’ equity7,807,698 7,435,127 
Total Liabilities and Shareholders’ Equity$8,390,710 $8,228,019 
Condensed Statements of Income
 Years Ended December 31,
 202520242023
 (in thousands)
Income
Dividends from subsidiary$400,000 $300,000 $425,000 
Net gains (losses) on equity securities2,305 (1,581)1,036 
Other income and interest 44 7,360 5,730 
Total Income402,349 305,779 431,766 
Total Expenses45,281 53,147 56,072 
Income before income tax and equity in undistributed earnings of subsidiary357,068 252,632 375,694 
Income tax benefit(12,952)(54,017)(10,961)
Income before equity in undistributed earnings of subsidiary370,020 306,649 386,655 
Equity in undistributed earnings of subsidiary227,963 73,622 111,856 
Net Income597,983 380,271 498,511 
Dividends on preferred stock28,981 21,369 16,135 
Net Income Available to Common Shareholders$569,002 $358,902 $482,376 
Condensed Statements of Cash Flows
 Years Ended December 31,
 202520242023
 (in thousands)
Cash flows from operating activities:
Net Income$597,983 $380,271 $498,511 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries(227,963)(73,622)(111,856)
Stock-based compensation27,279 28,988 33,104 
Net amortization of premiums and accretion of discounts on borrowings
1,786 1,947 2,058 
(Gains) losses on equity securities, net(2,305)1,581 (1,036)
Loss on extinguishment of debt922— — 
Net change in:
Other assets3,499 4,167 13,472 
Accrued expenses and other liabilities1,846 (37,661)(8,501)
Net cash provided by operating activities403,047 305,671 425,752 
Cash flows from investing activities:
Purchases of equity securities(12,951)(9,253)(11,261)
Sales and capital returns of equity securities2,961 — — 
Capital contributions to subsidiary— (550,000)(20)
Other, net— 52 5,098 
Net cash used in investing activities(9,990)(559,201)(6,183)
Cash flows from financing activities:
Repayment of long-term borrowings(215,000)— (125,000)
Proceeds from issuance of preferred stock, net— 144,654 — 
Dividends paid to preferred shareholders(28,981)(21,369)(14,338)
Dividends paid to common shareholders(248,885)(228,228)(225,411)
Purchase of common shares related to stock compensation plan activity(9,801)(8,867)(9,383)
Purchase of common shares to treasury(63,001)— (2,092)
Common stock issued, net17,506 451,164 4,006 
Net cash (used in) provided by financing activities(548,162)337,354 (372,218)
Net change in cash and cash equivalents(155,105)83,824 47,351 
Cash and cash equivalents at beginning of year277,072 193,248 145,897 
Cash and cash equivalents at end of year$121,967 $277,072 $193,248