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Parent Company Condensed Financial Statements - Condensed Statement of Income (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Statement of income |  |  |
Other investment losses | $ (2,738) | $ 0 | $ 0
Interest expense on long-term debt | 1,381,551 | 275,350 | 87,163
Compensation and employee benefits | 508,538 | 477,635 | 433,728
(Impairment recoveries) amortization of tax credit and other investments | 120,299 | 113,358 | 122,457
Other expense | 140,222 | 118,166 | 96,330
Income tax benefit | (298,609) | (283,571) | (183,396)
NET INCOME | 1,161,161 | 1,128,083 | 872,981
Parent Company |  |  |
Statement of income |  |  |
Other income | 0 | 0 | 11
Total income | 701,584 | 240,157 | 200,093
Interest expense on long-term debt | 10,889 | 5,450 | 2,974
Compensation and employee benefits | 7,204 | 6,708 | 6,370
(Impairment recoveries) amortization of tax credit and other investments | (2,901) | (786) | 425
Other expense | 1,815 | 2,040 | 1,306
Total expense | 17,007 | 13,412 | 11,075
Income before income tax benefit and equity in undistributed income of subsidiaries | 684,577 | 226,745 | 189,018
Income tax benefit | 5,844 | 4,269 | 3,005
Undistributed earnings of subsidiaries, primarily bank | 470,740 | 897,069 | 680,958
NET INCOME | 1,161,161 | 1,128,083 | 872,981
Parent Company | Bank |  |  |
Statement of income |  |  |
Dividends from subsidiaries | 704,000 | 240,000 | 200,000
Parent Company | Nonbank |  |  |
Statement of income |  |  |
Dividends from subsidiaries | $ 322 | $ 157 | $ 82

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