Acquisitions (Tables)

6 Months Ended

Jun. 30, 2023

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

As of February 1, 2022
Assets acquired:
Cash and cash equivalents	$	2,006.9
Investment securities	2,699.0
Securities purchased under agreement to resell	101.1
Loans held for sale	217.0
Loans held for investment	7,705.0
Allowance for credit losses	(59.5)
Premises and equipment, including right of use lease assets	144.7
Other real estate owned	15.8
Company-owned life insurance	186.6
Core deposit intangibles	50.1
Customer relationship intangible	22.8
Mortgage servicing rights	1.3
Deferred tax assets, net	60.2
Other assets	200.8
Total assets acquired	13,351.8
Liabilities assumed:
Deposits	11,688.0
Securities sold under repurchase agreements	74.0
Accrued expenses and other liabilities	110.4
FHLB advances	122.9
Subordinated debt	36.4
Subordinated debentures held by subsidiary trusts	76.1
Total liabilities assumed	12,107.8
Net assets acquired	$	1,244.0
Consideration paid:
Class A common stock	1,723.3
Total consideration paid (1)	$	1,723.3
Goodwill	$	479.3

(1) Includes $13 thousand of cash paid in lieu of fractional shares.

Schedule of Pro Forma Financial Information

The following table presents certain unaudited pro forma financial information for illustrative purposes only, for the three and the six month periods ended June 30, 2022 as if GWB had been acquired on January 1, 2021. This unaudited pro forma information combines the historical results of GWB with the Company’s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods. The pro forma information is not indicative of what would have occurred had the acquisition occurred at the beginning of the year prior to the acquisition. The unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value, cost savings, or business synergies. As a result, actual amounts would have differed from the unaudited pro forma information presented, and the differences could be significant.

	Three Months Ended June 30,		Six Months Ended June 30,
	2022		2022
Total revenues	$	300.7	$	569.6
Net income	$	101.1	$	177.5
Earnings per common share (Basic)	$	0.93	$	1.76
Earnings per common share (Diluted)	$	0.93	$	1.76