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Operating Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Supplemental Information Pertaining To Operating Leases and Lease Expense

The following tables present supplemental information pertaining to operating leases at and for the years ended December 31, 2025 and 2024.

 

 

Years Ended December 31,

 

($ in thousands)

2025

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities for operating leases

$

17,370

 

$

16,992

 

Right of use assets obtained in exchange for lease liabilities

 

11,932

 

 

5,749

 

 

 

 

 

 

 

December 31,

 

 

2025

 

2024

 

Weighted-average remaining lease term (in years)

 

9.74

 

 

10.40

 

Weighted-average discount rate

 

3.92

%

 

3.77

%

The following table sets forth the components of the Company’s lease expense for the years ended December 31, 2025, 2024 and 2023.

 

Years Ended December 31,

 

($ in thousands)

2025

 

2024

 

2023

 

Operating lease expense

$

17,275

 

$

16,358

 

$

16,545

 

Short-term lease expense

 

645

 

 

323

 

 

144

 

Variable lease expense

 

399

 

 

329

 

 

243

 

Sublease income

 

(440

)

 

(391

)

 

(403

)

Total

$

17,879

 

$

16,619

 

$

16,529

 

Summary Maturities of Lease Liabilities and Present Value Discount

The following table sets forth the maturities of the Company’s lease liabilities and the present value discount at December 31, 2025.

 

($ in thousands)

 

 

2026

$

18,737

 

2027

 

18,728

 

2028

 

17,559

 

2029

 

15,679

 

2030

 

12,881

 

Thereafter

 

64,025

 

Total

$

147,609

 

Present value discount

 

(26,104

)

Lease liability

$

121,505