XML 56 R40.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash Flow Information | The following table summarizes supplemental disclosures of cash flow information and non-cash investing and financing activities:
| Years ended December 31,
(In thousands) | 2024 |  | 2023 |  | 2022
Supplemental disclosure of cash flow information: |  |  |  |  |
Interest paid | $ | 1,611,201 |  |  | $ | 1,248,620 |  |  | $ | 240,851 |
Income taxes paid | 124,817 |  |  | 268,598 |  |  | 193,544 |
Non-cash investing and financing activities: |  |  |  |  |
Transfer of loans held for investment to foreclosed properties and repossessed assets | $ | 2,305 |  |  | $ | 10,485 |  |  | $ | 774 |
Transfer of returned finance lease equipment to assets held for sale | 5,626 |  |  | 5,139 |  |  | — |
Transfer of loans held for investment to loans held for sale | 680,159 |  |  | 629,172 |  |  | 652,855 |
Transfer of loans held for sale to loans held for investment | 133,168 |  |  | — |  |  | — |
Transfer of property and equipment to assets held for sale | 750 |  |  | — |  |  | 4,800 |
Deposit overdrafts reclassified as loan balances | 7,146 |  |  | 10,432 |  |  | 8,721 |
ROU lease assets obtained in exchange for operating lease liabilities | 10,444 |  |  | 22,989 |  |  | 27,897 |
Approved commitments to fund LIHTC investments | 304,269 |  |  | 334,947 |  |  | 211,796 |
Receipt of Ametros member deposits from other financial institutions | 285,705 |  |  | — |  |  | — |
Deposits assumed | — |  |  | — |  |  | 313 |
Business combinations (1): |  |  |  |  |
Tangible assets acquired | $ | 256,957 |  |  | $ | 24,318 |  |  | $ | 26,937,741 |
Goodwill and other intangible assets | 417,085 |  |  | 157,361 |  |  | 2,188,831 |
Liabilities assumed (2) | 299,507 |  |  | 7,994 |  |  | 24,406,001 |
Forgiveness of long-term debt | 12,875 |  |  | — |  |  | — |
Pre-existing equity interest | 2,200 |  |  | — |  |  | — |
Contingent consideration | — |  |  | 16,039 |  |  | — |
Common stock issued | — |  |  | — |  |  | 5,041,182 |
Preferred stock exchanged | — |  |  | — |  |  | 138,942 |
(1)Reflects the effects from the acquisition of Ametros during the year ended December 31, 2024, the acquisition of interLINK during the year ended December 31, 2023, and both the acquisition of Bend and merger with Sterling during the year ended December 31, 2022. In addition, the amounts for 2023 include adjustments to fair values of assets acquired and liabilities assumed related to the Bend acquisition and Sterling merger, which were recognized during the one-year measurement period. (2)For the year ended December 31, 2024, the amount presented reflects the sum of the $293.7 million of liabilities assumed from Ametros and the $5.8 million liability assumed for the Seller’s transaction expenses, which was included as part of the purchase price consideration and paid by the Company at closing.
Schedule of Property, Plant and Equipment | Depreciation and amortization is computed on a straight-line basis over the estimated useful lives of the assets, as illustrated in the following table. If shorter, leasehold improvements are amortized over the terms of the respective leases.
| Minimum |  | Maximum |
Building and improvements | 5 | - | 40 | years
Leasehold improvements | 5 | - | 20 | years
Furniture, fixtures, and equipment | 5 | - | 10 | years
Data processing equipment and software | 3 | - | 7 | years
The following table summarizes the components of premises and equipment:
| At December 31,
(In thousands) | 2024 |  | 2023
Land | $ | 73,442 |  |  | $ | 73,916 |
Buildings and improvements | 102,062 |  |  | 107,794 |
Leasehold improvements | 74,288 |  |  | 88,065 |
Furniture, fixtures, and equipment | 64,651 |  |  | 68,680 |
Data processing equipment and software | 103,811 |  |  | 94,030 |
Property and equipment | 418,254 |  |  | 432,485 |
Less: Accumulated depreciation and amortization | (175,118) |  |  | (186,365) |
Property and equipment, net | 243,136 |  |  | 246,120 |
ROU lease assets, net | 163,827 |  |  | 183,441 |
Premises and equipment, net | $ | 406,963 |  |  | $ | 429,561 |

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

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration