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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS:    
Cash and due from banks $ 251,869 $ 202,427
Interest-earning deposits in financial institutions 2,302,358 5,175,149
Total cash, cash equivalents, and restricted cash 2,554,227 5,377,576
Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,613,901 and $2,699,255, respectively) 2,300,284 2,346,864
Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,145,929 and $2,168,316, respectively) 2,301,263 [1] 2,287,291 [2]
FRB and FHLB stock, at cost 145,123 126,346
Total investment securities 4,746,670 4,760,501
Loans held for sale 28,639 122,757
Loans held for investment, net 23,553,534 25,534,730
Deferred fees, net (25,757) (45,043)
Allowance for loan and lease losses (254,345) (281,687)
Total loans and leases held for investment, net [3] 23,273,432 25,208,000
Equipment leased to others under operating leases 314,998 344,325
Premises and equipment, net 143,200 146,798
Bank owned life insurance 343,212 339,643
Goodwill 216,770 198,627
Intangible assets, net 140,562 165,477
Deferred tax asset, net 706,849 739,111
Other assets 964,054 1,131,249
Total assets 33,432,613 38,534,064
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing deposits 7,811,796 7,774,254
Interest-bearing deposits 19,016,473 22,627,515
Total deposits 26,828,269 30,401,769
Borrowings (including $119,624 and $123,116 at fair value, respectively) 1,591,833 2,911,322
Subordinated debt 942,151 936,599
Accrued interest payable and other liabilities 574,162 893,609
Total liabilities 29,936,415 35,143,299
Commitments and contingencies
Preferred stock 498,516 498,516
Common stock ($0.01 par value, 158,252,791 shares issued and 157,941,818 outstanding at June 30, 2024; 157,651,752 shares issued and 156,790,349 outstanding at December 31, 2023) 1,586 1,577
Class B Non-voting common stock ($0.01 par value, 477,321 shares issued at June 30, 204 and 477,321 share issued at December 31, 2023) 5 5
Additional paid-in capital 3,802,314 3,840,974
Retained deficit (478,173) (518,301)
Accumulated other comprehensive loss, net (328,148) (432,114)
Total stockholders' equity 3,496,198 3,390,765
Total liabilities and stockholders' equity 33,432,613 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 June 30, 2024 and 10,829,990 shares issued at December 31, 2023) $ 98 $ 108
[1] Excludes accrued interest receivable of $11.3 million at September 30, 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 $99.0 million and $111.3 million at September 30, 2024 and December 31, 2023, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.