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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS:    
Cash and due from banks $ 215,591 $ 192,006
Interest-earning deposits in financial institutions 2,128,298 2,310,206
Total cash, cash equivalents, and restricted cash 2,343,889 2,502,212
Securities available-for-sale, at fair value, net of allowance for credit losses (amortized cost of $2,575,393 and $2,526,64, respectively) 2,334,058 2,246,839
Securities held-to-maturity, at amortized cost, net of allowance for credit losses (fair value of $2,179,910 and $2,156,694, respectively)(ACL of $600 and $1,500, respectively) 2,311,912 [1] 2,306,149 [2]
FRB and FHLB stock, at cost 155,330 147,773
Total investment securities 4,801,300 4,700,761
Loans held for sale 25,797 26,331
Loans held for investment, net 24,126,527 23,781,663
Allowance for loan and lease losses (234,986) (239,360)
Total loans and leases held for investment, net [3] 23,891,541 23,542,303
Equipment leased to others under operating leases 295,032 307,188
Premises and equipment, net 140,347 142,546
Bank owned life insurance 342,810 339,517
Goodwill 214,521 214,521
Intangible assets, net 125,937 132,944
Deferred tax asset, net 702,323 720,587
Other assets 896,421 913,954
Total assets 33,779,918 33,542,864
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing deposits 7,593,950 7,719,913
Interest-bearing deposits 19,599,241 19,471,996
Total deposits 27,193,191 27,191,909
Borrowings (including $117,196 and $118,838 at fair value, respectively) 1,670,782 1,391,814
Subordinated debt 944,908 941,923
Accrued interest payable and other liabilities 449,381 517,269
Total liabilities 30,258,262 30,042,915
Commitments and contingencies
Preferred stock 498,516 498,516
Common stock ($0.01 par value, 156,135,165 shares issued and 155,947,503 outstanding at March 31, 2025; 158,557,735 shares issued and 158,346,529 outstanding at December 31, 2024) 1,561 1,586
Class B Non-voting common stock ($0.01 par value, 477,321 shares issued at March 31, 2025 and 477,321 share issued at December 31, 2024) 5 5
Additional paid-in capital 3,732,376 3,785,725
Retained deficit (387,580) (431,201)
Accumulated other comprehensive loss, net (323,320) (354,780)
Total stockholders' equity 3,521,656 3,499,949
Total liabilities and stockholders' equity 33,779,918 33,542,864
Nonvoting Common Stock    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Non-voting common stock equivalents ($0.01 par value, 9,790,600 shares issued at March 31, 2025 and 9,790,600 shares issued at December 31, 2024) $ 98 $ 98
[1] Excludes accrued interest receivable of $11.3 million at March 31, 2025 which is recorded in "Other assets" on the condensed consolidated balance sheets
[2] Excludes accrued interest receivable of $13.4 million at December 31, 2024 which is recorded in "Other assets" on the condensed consolidated balance sheets
[3] Excludes accrued interest receivable of $98.9 million and $96.8 million at March 31, 2025 and December 31, 2024, respectively, which is recorded in "Other assets" on the condensed consolidated balance sheets.