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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 1,304,993 $ 1,972,175
Federal funds sold 197 292
Total cash and cash equivalents 1,305,190 1,972,467
Available for sale securities, at fair value 342,108 336,960
Held to maturity securities, at cost (fair value of $9,156,024 and $9,382,479, respectively) 10,265,996 10,757,464
Total securities 10,608,104 11,094,424
Loans held for sale 6,004 10,690
Loans held for investment 20,903,944 21,057,616
Loans held for investment - Warehouse Purchase Program 1,287,440 1,080,903
Total loans 22,197,388 22,149,209
Less: allowance for credit losses on loans (346,084) (351,805)
Loans, net 21,851,304 21,797,404
Accrued interest receivable 101,606 104,367
Goodwill 3,503,127 3,503,129
Core deposit intangibles, net 58,796 66,047
Bank premises and equipment, net 374,602 371,238
Other real estate owned 7,874 5,701
Bank owned life insurance (BOLI) 389,380 386,247
Federal Home Loan Bank of Dallas stock 125,900 138,200
Other assets 91,469 127,514
TOTAL ASSETS 38,417,352 39,566,738
Deposits:    
Noninterest-bearing 9,426,657 9,798,438
Interest-bearing 18,046,754 18,582,900
Total deposits 27,473,411 28,381,338
Other borrowings 2,900,000 3,200,000
Securities sold under repurchase agreements 183,572 221,913
Accrued interest payable 32,837 41,910
Allowance for credit losses on off-balance sheet credit exposures 37,646 37,646
Other liabilities 190,150 245,436
Total liabilities 30,817,616 32,128,243
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Preferred stock, $1 par value; 20,000,000 shares authorized; none issued or outstanding  
Common stock, $1 par value; 200,000,000 shares authorized; 95,276,800 issued and outstanding at June 30, 2025; 95,275,279 shares issued and outstanding at December 31, 2024 95,277 95,276
Capital surplus 3,802,680 3,796,622
Retained earnings 3,703,088 3,548,221
Accumulated other comprehensive loss - net unrealized loss on available for sale securities, net of tax benefit of $(348) and $(432), respectively (1,309) (1,624)
Total shareholders’ equity 7,599,736 7,438,495
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 38,417,352 $ 39,566,738