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Parent Company Condensed Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet | The following tables present the Parent Company-only condensed financial statements: CONDENSED BALANCE SHEET
|  | December 31,
($ in thousands) |  | 2023 |  | 2022
ASSETS |  |  |  |
Cash and cash equivalents due from subsidiary bank |  | $ | 445,770 |  |  | $ | 228,531 |
Investments in subsidiaries: |  |  |  |
Bank |  | 6,542,852 |  |  | 5,889,775 |
Nonbank |  | 13,502 |  |  | 13,846 |
Investments in tax credit investments, net |  | — |  |  | 1,925 |
Other assets |  | 120,742 |  |  | 8,516 |
TOTAL |  | $ | 7,122,866 |  |  | $ | 6,142,593 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |
Long-term debt |  | $ | 148,249 |  |  | $ | 147,950 |
Other liabilities |  | 23,783 |  |  | 10,031 |
Stockholders’ equity |  | 6,950,834 |  |  | 5,984,612 |
TOTAL |  | $ | 7,122,866 |  |  | $ | 6,142,593 |
Condensed Statement of Income | CONDENSED STATEMENT OF INCOME
|  | Year Ended December 31,
($ in thousands) |  | 2023 |  | 2022 |  | 2021
Dividends from subsidiaries: |  |  |  |  |  |
Bank |  | $ | 704,000 |  |  | $ | 240,000 |  |  | $ | 200,000 |
Nonbank |  | 322 |  |  | 157 |  |  | 82 |
Other investment losses |  | (2,738) |  |  | — |  |  | — |
Other income |  | — |  |  | — |  |  | 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 |
Condensed Statement of Cash Flows | CONDENSED STATEMENT OF CASH FLOWS
|  | Year Ended December 31,
($ in thousands) |  | 2023 |  | 2022 |  | 2021
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |
Net income |  | $ | 1,161,161 |  |  | $ | 1,128,083 |  |  | $ | 872,981 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Undistributed earnings of subsidiaries, principally bank |  | (470,740) |  |  | (897,069) |  |  | (680,958) |
Deferred income tax expense (benefit) |  | 948 |  |  | (2,193) |  |  | 2,721 |
Net change in other assets |  | (4,160) |  |  | 4,250 |  |  | (5,685) |
Net change in other liabilities |  | (47) |  |  | 779 |  |  | (81,706) |
Other operating activities, net |  | 2,443 |  |  | 1,333 |  |  | 1,877 |
Net cash provided by operating activities |  | 689,605 |  |  | 235,183 |  |  | 109,230 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |
Net increase in investments in tax credit investments |  | — |  |  | (1,612) |  |  | (346) |
Distributions received from equity method investees |  | 1,594 |  |  | 410 |  |  | 436 |
Other investing activities, net |  | (96,689) |  |  | (6,188) |  |  | (1,476) |
Net cash used in investing activities |  | (95,095) |  |  | (7,390) |  |  | (1,386) |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |
Common stock: |  |  |  |  |  |
Proceeds from issuance pursuant to various stock compensation plans and agreements |  | 3,208 |  |  | 3,178 |  |  | 2,573 |
Stock tendered for payment of withholding taxes |  | (23,751) |  |  | (19,087) |  |  | (15,702) |
Repurchase of common stock pursuant to the stock repurchase program |  | (82,174) |  |  | (99,990) |  |  | — |
Cash dividends paid |  | (274,554) |  |  | (228,381) |  |  | (188,762) |
Net cash used in financing activities |  | (377,271) |  |  | (344,280) |  |  | (201,891) |
Net increase (decrease) in cash and cash equivalents |  | 217,239 |  |  | (116,487) |  |  | (94,047) |
Cash and cash equivalents, beginning of year |  | 228,531 |  |  | 345,018 |  |  | 439,065 |
Cash and cash equivalents, end of year |  | $ | 445,770 |  |  | $ | 228,531 |  |  | $ | 345,018 |

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