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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 390.4 $ 168.6
Interest bearing deposits in banks 201.4 2,176.1
Federal funds sold 0.1 0.1
Total cash and cash equivalents 591.9 2,344.8
Investment securities:    
Available-for-sale, at estimated fair value 6,783.4 4,820.5
Held-to-maturity, net of allowance for credit losses of $1.9 and $0 at September 30, 2022 and December 31, 2021 (estimated fair values of $3,063.5 and $1,667.5 at September 30, 2022 and December 31, 2021) 3,485.7 1,687.6
Total investment securities 10,269.1 6,508.1
Federal Home Loan Bank Stock and Federal Reserve Bank Stock 131.9 53.8
Loans held for sale 93.6 30.1
Loans held for investment, net of deferred fees and costs 17,603.5 9,331.7
Allowance for credit losses 213.0 122.3
Net loans held for investment 17,390.5 9,209.4
Goodwill 1,100.0 621.6
Bank Owned Life Insurance 495.6 301.5
Premises and equipment, net of accumulated depreciation 445.4 299.6
Other intangibles, net of accumulated amortization 101.0 41.3
Accrued interest receivable 106.4 47.4
Mortgage servicing rights, net of accumulated amortization and impairment reserve 31.8 28.2
Other real estate owned 16.4 2.0
Deferred tax assets 223.8 0.0
Other assets 347.3 184.1
Total assets 31,344.7 19,671.9
Deposits:    
Non-interest bearing 8,163.3 5,568.3
Interest bearing 17,721.5 10,701.3
Total deposits 25,884.8 16,269.6
Securities sold under repurchase agreements 1,075.6 1,051.1
Accounts payable and accrued expenses 452.9 148.4
Accrued interest payable 7.4 3.7
Deferred tax liability, net 0.0 9.3
Long-term debt 120.7 112.4
Other Short-term Borrowings 625.0 0.0
Allowance for credit losses on off-balance sheet credit exposures 9.7 3.8
Subordinated debentures held by subsidiary trusts 163.1 87.0
Total liabilities 28,339.2 17,685.3
Stockholders’ equity:    
Preferred stock, no par value; 100,000 shares authorized; none issued and outstanding 0.0 0.0
Common stock, no par value; 150,000,000 and 100,000,000 shares authorized at September 30, 2022 and December 31, 2021; 104,450,804 shares and 62,200,456 shares issued and outstanding, respectively 2,477.4 945.0
Retained earnings 1,035.8 1,052.6
Accumulated other comprehensive loss, net (507.7) (11.0)
Total stockholders’ equity 3,005.5 1,986.6
Total liabilities and stockholders’ equity $ 31,344.7 $ 19,671.9