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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS:    
Cash and due from banks $ 199,922 $ 202,427
Interest-earning deposits in financial institutions 2,885,306 5,175,149
Total cash, cash equivalents, and restricted cash 3,085,228 5,377,576
Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,657,281 and $2,699,255, respectively) 2,286,682 2,346,864
Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,153,349 and $2,168,316, respectively) 2,291,984 [1] 2,287,291 [2]
FRB and FHLB stock, at cost 129,314 126,346
Total investment securities 4,707,980 4,760,501
Loans held for sale 80,752 122,757
Loans held for investment, net 25,517,028 25,534,730
Loans and leases held for investment 25,755,961 25,796,714
Deferred fees, net (44,006) (45,043)
Allowance for loan and lease losses (291,503) (281,687)
Total loans and leases held for investment, net [3] 25,181,519 25,208,000
Equipment leased to others under operating leases 339,925 344,325
Premises and equipment, net 144,912 146,798
Bank owned life insurance 341,806 339,643
Goodwill 198,627 198,627
Intangible assets, net 157,226 165,477
Deferred tax asset, net 741,158 739,111
Other assets 1,094,383 1,131,249
Total assets 36,073,516 38,534,064
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing deposits 7,833,608 7,774,254
Interest-bearing deposits 21,058,799 22,627,515
Total deposits 28,892,407 30,401,769
Borrowings (including $123,824 and $123,116 at fair value, respectively) 2,139,498 2,911,322
Subordinated debt 937,717 936,599
Accrued interest payable and other liabilities 709,744 893,609
Total liabilities 32,679,366 35,143,299
Commitments and contingencies
Preferred stock 498,516 498,516
Common stock ($0.01 par value, 158,390,708 shares issued and 157,608,893 outstanding at March 31, 2024; 157,651,751 shares issued and 156,790,349 outstanding at December 31, 2023) 1,583 1,577
Class B Non-voting common stock ($0.01 par value, 477,32 shares issued at March 31, 204 and 477,321 share issued at December 31, 2023) 5 5
Additional paid-in capital 3,827,777 3,840,974
Retained deficit (497,396) (518,301)
Accumulated other comprehensive loss, net (436,436) (432,114)
Total stockholders' equity 3,394,150 3,390,765
Total liabilities and stockholders' equity 36,073,516 38,534,064
Nonvoting Common Stock    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-voting common stock equivalents ($0.01 par value, 10,145,600 shares issued at March 31, 2024 and 10,829,990 shares issued at December 31, 2023) $ 101 $ 108
[1] Excludes accrued interest receivable of $11.3 million at March 31, 2024 which is recorded in "Other assets" on the condensed consolidated balance sheets
[2] Excludes accrued interest receivable of $13.4 million at December 31, 2023 which is recorded in "Other assets" on the condensed consolidated balance sheets
[3] Excludes accrued interest receivable of $109.3 million and $111.3 million at March 31, 2024 and December 31, 2023, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.