Condensed Financial Information Of Parent Company Condensed Financial Information Of Parent Company (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Of Parent Company [Abstract]

Condensed Balance Sheet

Parent Company Only	December 31,
Condensed Balance Sheets	2024		2023
	(In thousands)
Assets:
Cash and cash equivalents	$	192,255	$	285,758
Investments in subsidiaries	3,570,039		3,384,784
Other assets	134,799		134,822
Total assets	$	3,897,093	$	3,805,364
Liabilities:
Borrowings	$	172,976	$	169,906
Subordinated debt	214,709		213,171
Other liabilities	9,459		31,522
Total liabilities	397,144		414,599
Stockholders’ equity	3,499,949		3,390,765
Total liabilities and stockholders’ equity	$	3,897,093	$	3,805,364

Condensed Income Statement

Parent Company Only	Year Ended December 31,
Condensed Statements of Earnings (Loss)	2024		2023		2022
	(In thousands)
Miscellaneous income (loss)	$	6,601	$	8,978	$	(7,234)
Dividends from Bank subsidiary	80,000		46,000		129,000
Total income	86,601		54,978		121,766
Interest expense	29,217		12,067		5,824
Operating expenses	4,716		11,944		6,015
Total expenses	33,933		24,011		11,839
Earnings before income taxes and equity in undistributed
earnings of subsidiaries	52,668		30,967		109,927
Income tax benefit	8,463		4,455		9,682
Earnings before equity in undistributed earnings of subsidiaries	61,131		35,422		119,609
Equity in undistributed earnings (loss) of subsidiaries	65,757		(1,934,559)		304,004
Net earnings (loss)	126,888		(1,899,137)		423,613
Preferred stock dividends	39,788		39,788		19,339
Net earnings (loss) available to common and equivalent
stockholders	$	87,100	$	(1,938,925)	$	404,274

Condensed Cash Flow Statement

Parent Company Only	Year Ended December 31,
Condensed Statements of Cash Flows	2024		2023		2022
	(In thousands)
Cash flows from operating activities:
Net earnings (loss)	$	126,888	$	(1,899,137)	$	423,613
Adjustments to reconcile net earnings (loss) to net cash
provided by (used in) operating activities:
Depreciation and amortization	4,608		378		—
Change in other assets	(42,141)		(466,018)		(323,852)
Change in liabilities	(22,063)		20,907		(5,658)
Earned stock compensation	15,448		28,697		34,769
(Equity in) distributions in excess of undistributed earnings
or loss of subsidiaries	(65,757)		1,934,559		(304,004)
Net cash provided by (used in) operating activities	16,983		(380,614)		(175,132)
Cash flows from investing activities:
Cash acquired in acquisitions, net of consideration paid	—		26,310		—
Net cash provided by investing activities	—		26,310		—
Cash flows from financing activities:
Common stock repurchased and restricted stock surrendered	(2,708)		(5,419)		(9,531)
Net proceeds from stock issuance	—		382,900		—
Net proceeds from preferred stock offering	—		—		498,516
Shares purchased under the Dividend Reinvestment Plan	308		69		—
Preferred stock dividends paid	(39,788)		(39,788)		(19,339)
Common stock dividends paid	(68,298)		(48,881)		(120,256)
Net cash (used in) provided by financing activities	(110,486)		288,881		349,390
Net (decrease) increase in cash and cash equivalents	(93,503)		(65,423)		174,258
Cash and cash equivalents, beginning of year	285,758		351,181		176,923
Cash and cash equivalents, end of year	$	192,255	$	285,758	$	351,181