Premises and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Premises and Equipment

Premises and Equipment and Lease Commitments

Year-end premises and equipment were as follows:

	2025		2024
Land	$	245,184	$	224,290
Buildings	701,415		644,240
Technology, furniture and equipment	255,640		281,697
Leasehold improvements	265,700		250,572
Construction and projects in progress	44,256		24,135
Lease right-of-use assets	259,177		270,282
	1,771,372		1,695,216
Less accumulated depreciation and amortization	(458,147)		(449,839)
Total premises and equipment, net	$	1,313,225	$	1,245,377

Depreciation of premises and equipment totaled $67.3 million in 2025, $61.9 million 2024 and $60.6 million in 2023.

Lease Commitments. We lease certain office facilities and office equipment under operating leases. Rent expense for all operating leases totaled $51.9 million in 2025, $49.7 million in 2024 and $50.5 million in 2023.

The components of total lease expense in 2025 and 2024 were as follows:

	2025		2024
Amortization of lease right-of-use assets	$	36,391	$	35,400
Short-term lease expense	889		1,456
Non-lease components (including taxes, insurance, common maintenance, etc.)	14,655		12,835
Total	$	51,935	$	49,691

Right-of-use lease assets totaled $259.2 million and $270.3 million at December 31, 2025 and 2024, respectively, and are reported as a component of premises and equipment on our accompanying consolidated balance sheets. The related lease liabilities totaled $296.4 million and $308.1 million at December 31, 2025 and 2024, respectively, and are reported as a component of accrued interest payable and other liabilities in the accompanying consolidated balance sheets. Lease payments under operating leases that were applied to our operating lease liability totaled $37.1 million during 2025 and $33.7 million during 2024. The following table reconciles future undiscounted lease payments due under non-cancelable operating leases (those amounts subject to recognition) to the aggregate operating lessee lease liability as of December 31, 2025:

Future lease payments:
2026	$	37,822
2027	37,525
2028	36,183
2029	32,380
2030	27,140
Thereafter	193,059
Total undiscounted operating lease liability	364,109
Imputed interest	67,731
Total operating lease liability included in the accompanying balance sheet	$	296,378
Weighted-average lease term in years	11.80
Weighted-average discount rate	3.49%

We lease certain buildings and branch facilities from various entities which are controlled by or affiliated with one of our directors. Payments related to these leases totaled $375 thousand in 2025, $349 thousand in 2024 and $337 thousand in 2023.