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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 1,327,075 $ 1,158,215
Money market investments:    
Time deposit with another financial institution 500 500
Other short-term investments 700 700
Total money market investments 1,200 1,200
Available-for-sale debt securities, at fair value (amortized cost of $4,788,924 as of March 31, 2025 and $5,125,408 as of December 31, 2024; ACL of $516 as of March 31, 2025 and $521 as of December 31, 2024) 4,312,884 4,565,302
Held-to-maturity debt securities, at amortized cost, net of ACL of $843 as of March 31, 2025 and $802 as of December 31, 2024 (fair value of $305,501 as of March 31, 2025 and $308,040 as of December 31, 2024) 311,964 316,984
Equity securities 44,813 52,018
Total investment securities 4,669,661 4,934,304
Loans, net of ACL of $247,269 as of March 31, 2025 and $243,942 as of December 31, 2024 12,428,129 12,502,614
Mortgage loans held for sale, at lower of cost or market 14,713 15,276
Total loans, net 12,442,842 12,517,890
Accrued interest receivable on loans and investments 63,777 71,881
Premises and equipment, net 130,469 133,437
Other real estate owned (OREO) 15,880 17,306
Deferred tax asset, net 134,346 136,356
Goodwill 38,611 38,611
Other intangible assets 5,715 6,967
Other assets 277,407 276,754
Total assets 19,106,983 19,292,921
LIABILITIES    
Non-interest-bearing deposits 5,629,383 5,547,538
Interest-bearing deposits 11,193,146 11,323,760
Total deposits 16,822,529 16,871,298
Long-term borrowings 331,143 561,700
Accounts payable and other liabilities 173,969 190,687
Total liabilities 17,327,641 17,623,685
Commitments and contingencies (See Note 19)
STOCKHOLDERS' EQUITY    
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 162,104,181 shares outstanding as of March 31, 2025 and 163,868,877 shares outstanding as of December 31, 2024 22,366 22,366
Additional paid-in capital 957,380 964,964
Retained earnings, includes legal surplus reserve of $230,178 as of each of March 31, 2025 and December 31, 2024 2,086,276 2,038,812
Treasury stock (at cost), 60,558,935 shares as of March 31, 2025 and 59,794,239 shares as of December 31, 2024 (804,185) (790,350)
Accumulated other comprehensive loss, net of tax of $8,221 as of each of March 31, 2025 and December 31, 2024 (482,495) (566,556)
Total stockholders' equity 1,779,342 1,669,236
Total liabilities and stockholders' equity $ 19,106,983 $ 19,292,921