PARENT COMPANY FINANCIALS ONLY (Tables)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Balance Sheets

BALANCE SHEETS

	December 31
	2025		2024
	(Dollars in thousands)
Assets
Cash (1)	$	124,309	$	110,097
Investments in subsidiaries (2)	3,877,550		2,967,786
Prepaid income taxes	8,153		2,309
Deferred tax asset	431		430
Total assets	$	4,010,443	$	3,080,622
Liabilities and stockholders’ equity
Dividends payable	$	29,055	$	24,225
Line of credit (less unamortized issuance costs of $47)	49,953		—
Junior subordinated debentures (less unamortized debt issuance costs of $26 and $28)	62,862		62,860
Subordinated debentures (less unamortized debt issuance costs of $3,517)	296,483		—
Other liabilities	6,362		417
Total liabilities	444,715		87,502
Stockholders’ equity	3,565,728		2,993,120
Total liabilities and stockholders’ equity	$	4,010,443	$	3,080,622

(1)Entire balance eliminated in consolidation.

(2)Majority of balance eliminated in consolidation

Schedule of Condensed Statements of Income

STATEMENTS OF INCOME

	Years Ended December 31
	2025		2024		2023
	(Dollars in thousands)
Income
Dividends received from subsidiaries (1)	$	158,922	$	183,961	$	229,046
Total income	158,922		183,961		229,046
Expenses
Interest expense	21,456		5,014		6,829
Other expenses (1)	5,493		2,891		3,156
Total expenses	26,949		7,905		9,985
Income before income taxes and equity in undistributed income of subsidiaries	131,973		176,056		219,061
Income tax benefit	(7,406)		(2,280)		(2,785)
Income of parent company	139,379		178,336		221,846
Equity in undistributed income of subsidiaries	65,743		13,745		17,656
Net income	$	205,122	$	192,081	$	239,502

(1)Majority of balance eliminated in consolidation.

Schedule of Condensed Statements of Cash Flows

STATEMENTS OF CASH FLOWS

	Years Ended December 31
	2025		2024		2023
	(Dollars in thousands)
Cash flows from operating activities
Net income	$	205,122	$	192,081	$	239,502
Adjustments to reconcile net income to cash provided by operating activities
Amortization	684		22		98
Deferred income tax (benefit) expense	(1)		(1)		24
Change in prepaid income taxes and other assets	(5,843)		179		2,107
Change in other liabilities	3,975		(2,560)		52
Equity in undistributed income of subsidiaries	(65,743)		(13,745)		(17,656)
Net cash provided by operating activities	138,194		175,976		224,127
Cash flows used in investing activities
Investment in subsidiaries	(225,000)		—		—
Net cash used in business combinations	(21,100)		—		—
Net cash used in investing activities	(246,100)		—		—
Cash flows provided by (used in) financing activities
Proceeds from line of credit, net of issuance costs	49,937		—		—
Proceeds from subordinated debentures, net of issuance costs	295,843		—		—
Repayments of subordinated debentures	(60,000)		(50,000)		—
Restricted stock awards issued, net of awards surrendered	(1,459)		(815)		(1,142)
Net proceeds from exercise of stock options	—		80		80
Proceeds from shares issued under direct stock purchase plan	2,549		3,254		2,662
Payments for shares repurchased under share repurchase program	(60,849)		(30,986)		(188,910)
Common dividends paid	(103,903)		(96,200)		(98,006)
Net cash provided by (used in) financing activities	122,118		(174,667)		(285,316)
Net increase (decrease) in cash and cash equivalents	14,212		1,309		(61,189)
Cash and cash equivalents at the beginning of the year	110,097		108,788		169,977
Cash and cash equivalents at the end of the year	$	124,309	$	110,097	$	108,788