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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2024
Business Combination, Description [Abstract]  
Schedule of consideration transferred and fair value of assets acquired and liabilities assumed

The following table provides a summary of the consideration transferred and the fair value of the assets acquired and liabilities assumed as of the date of the acquisition, reflecting the aforementioned measurement period and reclassification adjustments (dollars in thousands):

​

​

​

​

​

​

​

Purchase price consideration

 

​

  

​

$

505,473

​

​

​

​

​

​

​

Fair value of assets acquired:

 

​

  

​

 

  

Cash and cash equivalents

​

$

55,060

​

 

  

Securities AFS

​

 

507,764

​

 

  

LHFS

​

 

2,611

​

 

  

LHFI

​

​

2,151,517

​

​

​

Premises and equipment

​

 

35,802

​

 

  

Core deposit intangibles and other intangibles

​

 

84,687

​

 

  

Bank owned life insurance

​

​

30,627

​

​

​

Other assets

​

 

78,829

​

 

  

Total assets

​

$

2,946,897

​

 

  

​

​

​

​

​

​

​

Fair value of liabilities assumed:

​

 

  

​

 

  

Deposits

​

$

2,583,089

​

 

  

Short-term borrowings

​

 

98,336

​

 

  

Long-term borrowings

​

 

25,890

​

 

  

Other liabilities

​

 

22,951

​

 

  

Total liabilities

​

$

2,730,266

​

 

  

​

​

​

​

​

​

​

Fair value of net assets acquired

​

 

  

​

$

216,631

Preliminary goodwill

​

 

  

​

$

288,842

Schedule of pro forma amounts

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​

​

​

​

​

​

​

​

​

​

​

​

Pro forma

​

    

2024 (2)

    

2023 (2)

    

2022(2)

​

​

(unaudited)

​

(unaudited)

​

(unaudited)

Total revenues (1)

 

$

851,403

 

$

846,174

 

$

853,195

Net income available to common shareholders (3)

 

$

241,819

 

$

238,662

 

$

276,773

(1) Includes net interest income and noninterest income.

(2) Includes the net impact of American National’s accretion adjustments of $5.0 million, $19.7 million, and $19.7 million for the years ended December 31, 2024, 2023, and 2022, respectively.

(3) For the years ended December 31, 2024, 2023, and 2022, excludes merger-related costs as noted below.