XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Reporting | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting |
Segment Reporting | Note 23 — Segment Reporting ​ The Company, through the Bank, provides a broad range of financial services to individuals and companies primarily in South Carolina, North Carolina, Florida, Alabama, Georgia, Virginia, Texas and Colorado. These services include, but not limited to, demand, time and savings deposits; lending and credit card servicing; ATM processing; mortgage banking services; correspondent banking services and wealth management and trust services. The Company’s operations are managed and financial performance is evaluated on an organization-wide basis. Accordingly, the Company’s banking and finance operations are not considered by management to constitute more than one reportable operating segment. This single segment is the General Banking Unit. ​ The Company’s chief operating decision maker (“CODM”) is the Executive Committee. The CODM generally meets monthly, and membership includes the senior executive management team including the Chief Executive Officer, Chief Strategy Officer, President, Chief Financial Officer, Chief Operating Officer, Chief Risk Officer, among other executives. ​ The CODM assesses performance of the General Banking Unit using a variety of figures, metrics and key performance indicators. However, the CODM primarily utilizes net income and Net Interest Margin (“NIM”) to make business decisions. The CODM monitors these profitability measures at each meeting, and is regularly featured in various investor presentations, earnings releases, and other internal management reports. These performance and profitability measures influence business decisions and allocation of resources within the General Banking Unit. ​ The table below provides net income and NIM information about the General Banking Unit. The most significant expenses to the General Banking Unit are deposit and other borrowing interest expense as well as employee compensation. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
(Dollars in thousands) | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024 |
Net Income (GAAP) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income | ​ | $ | 840,504 | ​ | $ | 531,124 | ​ | $ | 1,649,070 | ​ | $ | 1,048,379 | ​
Interest expense | ​ | ​ | 262,556 | ​ | ​ | 180,865 | ​ | ​ | 526,575 | ​ | ​ | 354,184 | ​
Net interest income (a) | ​ | ​ | 577,948 | ​ | ​ | 350,259 | ​ | ​ | 1,122,495 | ​ | ​ | 694,195 | ​
Provision for credit losses | ​ | ​ | 7,505 | ​ | ​ | 3,889 | ​ | ​ | 108,067 | ​ | ​ | 16,575 | ​
Net interest income after provision for credit losses | ​ | ​ | 570,443 | ​ | ​ | 346,370 | ​ | ​ | 1,014,428 | ​ | ​ | 677,620 | ​
Total noninterest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Securities losses, net | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (228,811) | ​ | ​ | — | ​
Gain on sale-leaseback, net of transaction costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 229,279 | ​ | ​ | — | ​
Other operating noninterest income | ​ | ​ | 86,817 | ​ | ​ | 75,225 | ​ | ​ | 172,437 | ​ | ​ | 146,783 | ​
Total noninterest income | ​ | ​ | 86,817 | ​ | ​ | 75,225 | ​ | ​ | 172,905 | ​ | ​ | 146,783 | ​
Total noninterest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Employee salaries | ​ | ​ | 135,895 | ​ | ​ | 104,725 | ​ | ​ | 271,623 | ​ | ​ | 210,140 | ​
Employee commissions | ​ | ​ | 14,278 | ​ | ​ | 11,122 | ​ | ​ | 25,554 | ​ | ​ | 21,361 | ​
Employee incentives | ​ | ​ | 33,623 | ​ | ​ | 26,598 | ​ | ​ | 62,389 | ​ | ​ | 48,351 | ​
Other salaries and benefits | ​ | ​ | 36,353 | ​ | ​ | 26,131 | ​ | ​ | 73,318 | ​ | ​ | 54,208 | ​
Deferred loan costs | ​ | ​ | (19,987) | ​ | ​ | (17,141) | ​ | ​ | (36,911) | ​ | ​ | (32,172) | ​
Salaries and employee benefits | ​ | ​ | 200,162 | ​ | ​ | 151,435 | ​ | ​ | 395,973 | ​ | ​ | 301,888 | ​
Occupancy expense | ​ | ​ | 41,507 | ​ | ​ | 22,453 | ​ | ​ | 77,000 | ​ | ​ | 45,030 | ​
Information services expense | ​ | ​ | 30,155 | ​ | ​ | 23,144 | ​ | ​ | 61,517 | ​ | ​ | 45,497 | ​
Professional fees | ​ | ​ | 4,658 | ​ | ​ | 3,906 | ​ | ​ | 9,367 | ​ | ​ | 7,021 | ​
Amortization of intangibles | ​ | ​ | 24,048 | ​ | ​ | 5,744 | ​ | ​ | 47,879 | ​ | ​ | 11,742 | ​
Business development and staff related | ​ | ​ | 7,182 | ​ | ​ | 5,942 | ​ | ​ | 13,692 | ​ | ​ | 11,464 | ​
FDIC assessment and other regulatory charges | ​ | ​ | 11,469 | ​ | ​ | 7,771 | ​ | ​ | 22,727 | ​ | ​ | 16,305 | ​
Merger and branch consolidation related expense | ​ | ​ | 24,379 | ​ | ​ | 5,785 | ​ | ​ | 92,385 | ​ | ​ | 10,298 | ​
FDIC special assessment | ​ | ​ | — | ​ | ​ | 619 | ​ | ​ | — | ​ | ​ | 4,473 | ​
Other operating expense | ​ | ​ | 31,501 | ​ | ​ | 21,948 | ​ | ​ | 63,347 | ​ | ​ | 44,319 | ​
Total noninterest expense | ​ | ​ | 375,061 | ​ | ​ | 248,747 | ​ | ​ | 783,887 | ​ | ​ | 498,037 | ​
Income before income tax provision | ​ | ​ | 282,199 | ​ | ​ | 172,848 | ​ | ​ | 403,446 | ​ | ​ | 326,366 | ​
Income tax provision | ​ | ​ | 66,975 | ​ | ​ | 40,478 | ​ | ​ | 99,142 | ​ | ​ | 78,940 | ​
Net income (GAAP) | ​ | $ | 215,224 | ​ | $ | 132,370 | ​ | $ | 304,304 | ​ | $ | 247,426 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Interest Margin, Non-Tax Equivalent ("Non-TE") (GAAP) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Average interest earning assets (b) | ​ | $ | 57,710,001 | ​ | $ | 41,011,662 | ​ | $ | 57,604,313 | ​ | $ | 40,834,418 | ​
Net interest margin, non-TE ((a)/(b)) (GAAP) | ​ | ​ | 4.02% | ​ | ​ | 3.43% | ​ | ​ | 3.93% | ​ | ​ | 3.42% | ​
​

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration