Accounts, Notes, Loans and Financing Receivable [Line Items]

Summary of Aging of the Loan Portfolio by Class

The following table shows the aging of the Company’s LHFI portfolio, by class, as of December 31, 2025 (dollars in thousands):

 

Greater than

 

30-59 Days

 

60-89 Days

 

90 Days and

 

Current

Past Due

 

Past Due

 

still Accruing

 

Nonaccrual

 

Total Loans

Construction and Land Development

$

1,659,048

$

1,455

 

$

94

 

$

1,481

 

$

4,303

 

$

1,666,381

CRE – Owner Occupied

4,284,562

7,241

 

3,171

 

4,788

 

6,034

 

4,305,796

CRE – Non-Owner Occupied

7,154,178

9,482

 

1,455

 

2,099

 

11,301

 

7,178,515

Multifamily Real Estate

2,366,442

52

 

247

 

6,140

 

45,369

 

2,418,250

Commercial & Industrial

5,197,839

8,935

 

3,552

 

9,114

 

10,288

 

5,229,728

Residential 1-4 Family – Commercial

1,087,181

2,634

 

1,306

 

2,379

 

6,657

 

1,100,157

Residential 1-4 Family – Consumer

2,772,790

17,911

 

5,628

 

5,633

 

23,297

 

2,825,259

Residential 1-4 Family – Revolving

1,233,032

3,994

2,157

 

3,458

 

5,643

 

1,248,284

Auto

178,615

3,332

797

404

 

572

 

183,720

Consumer

120,806

444

171

55

12

121,488

Other Commercial

1,513,629

3,242

143

—

1,575

1,518,589

Total LHFI, net of unearned income

$

27,568,122

$

58,722

$

18,721

$

35,551

$

115,051

$

27,796,167

% of total loans

99.18

%

0.21

%

0.07

%

0.13

%

0.41

%

100.00

%

The following table shows the aging of the Company’s LHFI portfolio, by class, as of December 31, 2024 (dollars in thousands):


											Greater than
					30-59 Days			60-89 Days			90 Days and
		Current			Past Due			Past Due			still Accruing			Nonaccrual			Total Loans
Construction and Land Development		$	1,729,637		$	38		$	—		$	120		$	1,313		$	1,731,108
CRE – Owner Occupied			2,362,458			2,080			1,074			1,592			2,915			2,370,119
CRE – Non-Owner Occupied			4,926,168			1,381			—			6,874			1,167			4,935,590
Multifamily Real Estate			1,238,711			1,366			—			—			132			1,240,209
Commercial & Industrial			3,820,564			9,405			69			955			33,702			3,864,695
Residential 1-4 Family – Commercial			715,604			697			665			949			1,510			719,425
Residential 1-4 Family – Consumer			1,266,467			5,928			7,390			1,307			12,725			1,293,817
Residential 1-4 Family – Revolving			747,474			1,824			2,110			1,710			3,826			756,944
Auto			311,354			3,615			456			284			659			316,368
Consumer			103,528			804			486			44			20			104,882
Other Commercial			1,132,960			2,167			2,029			308			—			1,137,464
Total LHFI, net of unearned income		$	18,354,925		$	29,305		$	14,279		$	14,143		$	57,969		$	18,470,621
% of total loans			99.37	%		0.16	%		0.08	%		0.08	%		0.31	%		100.00	%

Summary of Amortized Cost Basis of Loan Modifications to Borrowers Experiencing Financial Difficulty

The following tables present the amortized cost basis of TLMs for the years ended December 31, (dollars in thousands):


	2025
	Amortized Cost		% of Total Class of Financing Receivable
Other-Than-Insignificant Payment Delay
Commercial and Industrial	$	1,536	0.03	%
CRE – Non-Owner Occupied		3,797	0.05	%
Multifamily Real Estate		729	0.03	%
Total Other-Than-Insignificant Payment Delay	$	6,062

Term Extension
Commercial and Industrial	$	107	NM	%
CRE – Owner Occupied		14,431	0.34	%
Multifamily Real Estate		15,461	0.64	%
Residential 1-4 Family – Commercial		4,576	0.42	%
Residential 1-4 Family – Consumer		1,481	0.05	%
Total Term Extension	$	36,056

Combination - Other-Than-Insignificant Payment Delay and Term Extension
Commercial and Industrial	$	444	0.01	%
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension	$	444

Combination - Term Extension and Interest Rate Reduction
Residential 1-4 Family - Consumer	$	2,862	0.10	%
Total Combination - Term Extension and Interest Rate Reduction	$	2,862

Total	$	45,424

NM = Not Meaningful


	2024
	Amortized Cost		% of Total Class of Financing Receivable
Term Extension
Construction and Land Development	$	49	NM	%
Commercial and Industrial		1,434	0.04	%
CRE – Non-Owner Occupied		11,383	0.23	%
CRE – Owner Occupied		842	0.04	%
Residential 1-4 Family – Consumer		509	0.04	%
Total Term Extension	$	14,217

Combination - Other-Than-Insignificant Payment Delay and Term Extension
CRE – Non-Owner Occupied	$	16,937	0.34	%
Other Commercial		3,273	0.29	%
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension	$	20,210

Combination - Term Extension and Interest Rate Reduction
Residential 1-4 Family – Consumer	$	724	0.06	%
Residential 1-4 Family – Revolving		26	NM	%
Total Combination - Term Extension and Interest Rate Reduction	$	750

Total	$	35,177

NM = Not Meaningful


	2023
	Amortized Cost		% of Total Class of Financing Receivable
Principal Forgiveness
CRE – Non-Owner Occupied	$	4,835	0.12	%
Total Principal Forgiveness	$	4,835

Term Extension
Construction and Land Development	$	18,999	1.71	%
Commercial and Industrial		3,542	0.10	%
CRE – Owner Occupied		766	0.04	%
Residential 1-4 Family – Consumer		1,137	0.11	%
Total Term Extension	$	24,444

Combination - Other-Than-Insignificant Payment Delay and Term Extension
CRE – Non-Owner Occupied	$	20,766	0.50	%
Total Combination - Other-Than-Insignificant Payment Delay and Term Extension	$	20,766

Combination - Term Extension and Interest Rate Reduction
Residential 1-4 Family – Consumer	$	1,177	0.11	%
Residential 1-4 Family – Revolving		15	NM	%
Total Combination - Term Extension and Interest Rate Reduction	$	1,192

Total	$	51,237

NM = Not Meaningful

Allowance for Loan Loss Activity, by Portfolio Segment, Balances for Allowance for Credit Losses, and Loans Based on Impairment Methodology

The following tables show the ALLL activity by loan segment for the years ended December 31, (dollars in thousands):


	2025						2024
	Commercial		Consumer		Total		Commercial		Consumer		Total
Balance at beginning of period	$	148,887	$	29,757	$	178,644	$	105,896	$	26,286	$	132,182
Initial allowance - PCD loans^{(1) (2)}		21,255		7,010		28,265		2,609		1,287		3,896
Loans charged-off ⁽²⁾		(45,999)		(3,865)		(49,864)		(11,889)		(4,067)		(15,956)
Recoveries credited to allowance		5,581		1,830		7,411		5,283		1,911		7,194
Initial provision - non-PCD loans⁽¹⁾		64,740		24,798		89,538		11,213		2,016		13,229
Provision charged to operations		38,349		2,765		41,114		35,775		2,324		38,099
Balance at end of period	$	232,813	$	62,295	$	295,108	$	148,887	$	29,757	$	178,644

⁽¹⁾ For the years ended December 31, 2025 and 2024, the initial allowance on PCD loans and the initial provision on non-PCD loans related to the acquisitions of Sandy Spring and American National, respectively.

⁽²⁾ In accordance with GAAP, amounts for the year ended December 31, 2025 exclude $61.8 million of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition, including measurement period adjustments recorded in the third and fourth quarters of 2025 associated with the Sandy Spring acquisition, based on subsequent additional information and evidence obtained by the Company relating to events or circumstances that were existing at the acquisition date.

Accounts, Notes, Loans and Financing Receivable [Line Items]

Summary of loans acquired from business acquisitions

The following table presents additional information related to the acquired Sandy Spring loan portfolio at the acquisition date, including the initial ACL at acquisition on the PCD loans (dollars in thousands):


PCD Loans		April 1, 2025
Book value of acquired loans at acquisition ⁽¹⁾	$	1,716,523
Initial ACL at acquisition ⁽²⁾		(28,265)
Non-credit discount at acquisition		(162,140)
Purchase Price	$	1,526,118

Non-PCD Loans:
Fair Value	$	7,077,565
Gross contractual amounts receivable		7,676,836
Estimate of contractual cash flows not expected to be collected		130,113

⁽¹⁾ The Company recorded measurement period adjustments totaling $27.3 million during the third and fourth quarters of 2025 associated with the Sandy Spring acquisition, based on additional information and evidence obtained by the Company relating to events or circumstances existing at the acquisition date, reducing the book value of loans acquired at acquisition.

⁽²⁾ In accordance with GAAP, the amounts exclude $61.8 million of net charge-offs related to certain PCD loans that met the Company’s charge-off policy at the time of the acquisition.

Accounts, Notes, Loans and Financing Receivable [Line Items]

Loans Receivables Related Risk Rating

For Consumer loans, the Company evaluates credit quality based on the delinquency status of the loan. The following table details the amortized cost and gross write-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, (dollars in thousands):


		2025
		Term Loans Amortized Cost Basis by Origination Year											Revolving
	2025		2024		2023		2022		2021		Prior		Loans		Total
Residential 1-4 Family – Consumer
Current	$	334,528	$	195,624	$	203,804	$	688,989	$	596,987	$	736,230	$	16,628	$	2,772,790
30-59 Days Past Due		393		77		2,773		2,865		1,600		10,029		174		17,911
60-89 Days Past Due		525		700		124		2,186		336		1,757		—		5,628
90+ Days Past Due		—		452		309		376		937		3,503		56		5,633
Nonaccrual		—		180		1,146		5,233		3,501		12,690		547		23,297
Total Residential 1-4 Family – Consumer	$	335,446	$	197,033	$	208,156	$	699,649	$	603,361	$	764,209	$	17,405	$	2,825,259
Current period gross write-off	$	—	$	—	$	—	$	(122)	$	—	$	(53)	$	—	$	(175)

Residential 1-4 Family – Revolving
Current	$	19,309	$	12,011	$	23,625	$	37,365	$	8,604	$	4,873	$	1,127,245	$	1,233,032
30-59 Days Past Due		—		21		110		104		—		43		3,716		3,994
60-89 Days Past Due		—		11		47		123		—		—		1,976		2,157
90+ Days Past Due		—		—		273		—		—		18		3,167		3,458
Nonaccrual		59		—		129		91		—		37		5,327		5,643
Total Residential 1-4 Family – Revolving	$	19,368	$	12,043	$	24,184	$	37,683	$	8,604	$	4,971	$	1,141,431	$	1,248,284
Current period gross write-off	$	—	$	—	$	—	$	—	$	—	$	—	$	(375)	$	(375)

Auto
Current	$	1,987	$	1,770	$	36,214	$	88,117	$	36,540	$	13,987	$	—	$	178,615
30-59 Days Past Due		52		—		635		1,624		737		284		—		3,332
60-89 Days Past Due		—		—		113		431		166		87		—		797
90+ Days Past Due		—		—		57		221		74		52		—		404
Nonaccrual		—		—		122		257		147		46		—		572
Total Auto	$	2,039	$	1,770	$	37,141	$	90,650	$	37,664	$	14,456	$	—	$	183,720
Current period gross write-off	$	(146)	$	—	$	(284)	$	(886)	$	(246)	$	(181)	$	—	$	(1,743)

Consumer
Current	$	14,244	$	8,307	$	4,691	$	5,986	$	4,856	$	25,883	$	56,839	$	120,806
30-59 Days Past Due		14		28		11		30		2		309		50		444
60-89 Days Past Due		30		25		19		21		1		69		6		171
90+ Days Past Due		4		16		1		16		—		8		10		55
Nonaccrual		—		2		—		8		2		—		—		12
Total Consumer	$	14,292	$	8,378	$	4,722	$	6,061	$	4,861	$	26,269	$	56,905	$	121,488
Current period gross write-off	$	(10)	$	(248)	$	(262)	$	(50)	$	(37)	$	(786)	$	(179)	$	(1,572)

Total Consumer
Current	$	370,068	$	217,712	$	268,334	$	820,457	$	646,987	$	780,973	$	1,200,712	$	4,305,243
30-59 Days Past Due		459		126		3,529		4,623		2,339		10,665		3,940		25,681
60-89 Days Past Due		555		736		303		2,761		503		1,913		1,982		8,753
90+ Days Past Due		4		468		640		613		1,011		3,581		3,233		9,550
Nonaccrual		59		182		1,397		5,589		3,650		12,773		5,874		29,524
Total Consumer	$	371,145	$	219,224	$	274,203	$	834,043	$	654,490	$	809,905	$	1,215,741	$	4,378,751
Total current period gross write-off	$	(156)	$	(248)	$	(546)	$	(1,058)	$	(283)	$	(1,020)	$	(554)	$	(3,865)

The following table details the amortized cost and gross write-offs of the classes of loans within the Consumer segment based on their delinquency status and year of origination as of December 31, (dollars in thousands):


		2024
		Term Loans Amortized Cost Basis by Origination Year											Revolving
	2024		2023		2022		2021		2020		Prior		Loans		Total
Residential 1-4 Family – Consumer
Current	$	137,808	$	171,237	$	287,376	$	277,653	$	151,177	$	241,203	$	13	$	1,266,467
30-59 Days Past Due		233		405		14		470		954		3,852		—		5,928
60-89 Days Past Due		—		28		216		5,546		—		1,600		—		7,390
90+ Days Past Due		—		150		94		—		—		1,063		—		1,307
Nonaccrual		—		505		2,953		1,109		207		7,951		—		12,725
Total Residential 1-4 Family – Consumer	$	138,041	$	172,325	$	290,653	$	284,778	$	152,338	$	255,669	$	13	$	1,293,817
Current period gross write-off	$	—	$	(76)	$	(3)	$	—	$	—	$	(142)	$	—	$	(221)

Residential 1-4 Family – Revolving
Current	$	17,522	$	33,934	$	45,558	$	10,407	$	3,578	$	1,731	$	634,744	$	747,474
30-59 Days Past Due		—		11		81		—		30		—		1,702		1,824
60-89 Days Past Due		—		—		—		—		—		—		2,110		2,110
90+ Days Past Due		—		178		130		—		—		—		1,402		1,710
Nonaccrual		—		139		112		—		45		—		3,530		3,826
Total Residential 1-4 Family – Revolving	$	17,522	$	34,262	$	45,881	$	10,407	$	3,653	$	1,731	$	643,488	$	756,944
Current period gross write-off	$	—	$	—	$	—	$	(28)	$	—	$	—	$	(189)	$	(217)

Auto
Current	$	2,251	$	55,170	$	145,517	$	68,282	$	28,923	$	11,211	$	—	$	311,354
30-59 Days Past Due		—		507		1,571		1,053		218		266		—		3,615
60-89 Days Past Due		—		97		233		87		—		39		—		456
90+ Days Past Due		—		10		149		74		31		20		—		284
Nonaccrual		—		94		305		113		118		29		—		659
Total Auto	$	2,251	$	55,878	$	147,775	$	69,609	$	29,290	$	11,565	$	—	$	316,368
Current period gross write-off	$	—	$	(243)	$	(835)	$	(335)	$	(82)	$	(75)	$	—	$	(1,570)

Consumer
Current	$	13,664	$	7,932	$	12,490	$	6,998	$	5,903	$	27,967	$	28,574	$	103,528
30-59 Days Past Due		26		73		87		9		10		542		57		804
60-89 Days Past Due		15		54		56		10		14		333		4		486
90+ Days Past Due		—		4		31		3		4		—		2		44
Nonaccrual		—		—		13		7		—		—		—		20
Total Consumer	$	13,705	$	8,063	$	12,677	$	7,027	$	5,931	$	28,842	$	28,637	$	104,882
Current period gross write-off	$	(6)	$	(206)	$	(116)	$	(31)	$	(782)	$	(756)	$	(162)	$	(2,059)

Total Consumer
Current	$	171,245	$	268,273	$	490,941	$	363,340	$	189,581	$	282,112	$	663,331	$	2,428,823
30-59 Days Past Due		259		996		1,753		1,532		1,212		4,660		1,759		12,171
60-89 Days Past Due		15		179		505		5,643		14		1,972		2,114		10,442
90+ Days Past Due		—		342		404		77		35		1,083		1,404		3,345
Nonaccrual		—		738		3,383		1,229		370		7,980		3,530		17,230
Total Consumer	$	171,519	$	270,528	$	496,986	$	371,821	$	191,212	$	297,807	$	672,138	$	2,472,011
Total current period gross write-off	$	(6)	$	(525)	$	(954)	$	(394)	$	(864)	$	(973)	$	(351)	$	(4,067)