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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
Schedule of Parent Company Information Condensed Balance Sheets |
CONDENSED BALANCE SHEETS |  |  |
| December 31,
(In thousands) | 2025 |  | 2024
Assets: |  |  |
Cash and cash equivalents | $ | 138,993 |  |  | $ | 456,166 |
Intercompany debt securities | 250,000 |  |  | 150,000 |
Investment in subsidiaries | 9,774,083 |  |  | 9,377,808 |
Due from subsidiaries | 499 |  |  | — |
Alternative investments | 86,722 |  |  | 71,959 |
Other assets | 7,973 |  |  | 7,962 |
Total assets | $ | 10,258,270 |  |  | $ | 10,063,895 |
Liabilities and stockholders’ equity: |  |  |
Senior notes | $ | 316,206 |  |  | $ | 321,191 |
Subordinated notes | 345,928 |  |  | 510,674 |
Junior subordinated debt | 77,320 |  |  | 77,320 |
Accrued interest payable | 9,585 |  |  | 5,007 |
Due to subsidiaries | — |  |  | 10,613 |
Other liabilities | 16,995 |  |  | 5,876 |
Total liabilities | 766,034 |  |  | 930,681 |
Stockholders’ equity | 9,492,236 |  |  | 9,133,214 |
Total liabilities and stockholders’ equity | $ | 10,258,270 |  |  | $ | 10,063,895 |
Schedule of Parent Company Information Condensed Statements of Income |
CONDENSED STATEMENTS OF INCOME |  |  |  |  |
| Years ended December 31,
(In thousands) | 2025 |  | 2024 |  | 2023
Income: |  |  |  |  |
Dividend income from bank subsidiary | $ | 900,000 |  |  | $ | 600,000 |  |  | $ | 600,000 |
Interest income on intercompany debt securities and interest-bearing deposits | 12,881 |  |  | 11,606 |  |  | 11,259 |
Alternative investments income | 17,474 |  |  | 7,580 |  |  | 1,272 |
Other non-interest income (1) | 9,942 |  |  | 198 |  |  | 908 |
Total income | 940,297 |  |  | 619,384 |  |  | 613,439 |
Expense: |  |  |  |  |
Interest expense on borrowings | 43,430 |  |  | 32,253 |  |  | 37,933 |
Other non-interest expense | 30,545 |  |  | 24,988 |  |  | 33,711 |
Total expense | 73,975 |  |  | 57,241 |  |  | 71,644 |
Income before income taxes and equity in undistributed earnings of subsidiaries | 866,322 |  |  | 562,143 |  |  | 541,795 |
Income tax benefit | 9,360 |  |  | 10,021 |  |  | 15,106 |
Equity in undistributed earnings of subsidiaries | 127,120 |  |  | 196,543 |  |  | 310,939 |
Net income | $ | 1,002,802 |  |  | $ | 768,707 |  |  | $ | 867,840 |
(1)Includes a $9.8 million gain on extinguishment of long-term debt for the year ended December 31, 2025. Additional information regarding the gains recognized on the extinguishment of the 2029 subordinated notes and the 2030 subordinated notes can be found within Note 10: Borrowings.
Schedule of Parent Company Information Condensed Statements of Comprehensive Income |
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME |  |  |  |  |
| Years ended December 31,
(In thousands) | 2025 |  | 2024 |  | 2023
Net income | $ | 1,002,802 |  |  | $ | 768,707 |  |  | $ | 867,840 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Derivative financial instruments | — |  |  | 25 |  |  | 229 |
Other comprehensive income (loss) of subsidiaries | 205,539 |  |  | (5,837) |  |  | 134,160 |
Other comprehensive income (loss), net of tax | 205,539 |  |  | (5,812) |  |  | 134,389 |
Comprehensive income | $ | 1,208,341 |  |  | $ | 762,895 |  |  | $ | 1,002,229 |
Schedule of Parent Company Information Condensed Statements of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS |  |  |  |  |
| Years ended December 31,
(In thousands) | 2025 |  | 2024 |  | 2023
Operating activities: |  |  |  |  |
Net income | $ | 1,002,802 |  |  | $ | 768,707 |  |  | $ | 867,840 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed earnings of subsidiaries | (127,120) |  |  | (196,543) |  |  | (310,939) |
(Gain) on call of intercompany debt securities | (1,734) |  |  | — |  |  | — |
(Gain) on extinguishment of long-term debt | (9,767) |  |  | — |  |  | (698) |
Other, net (1) | (21,032) |  |  | (8,711) |  |  | (7,614) |
Net cash provided by operating activities | 843,149 |  |  | 563,453 |  |  | 548,589 |
Investing activities: |  |  |  |  |
Purchase of intercompany debt securities | (250,000) |  |  | — |  |  | — |
Proceeds from call of intercompany debt securities | 151,734 |  |  | — |  |  | — |
Alternative investments (capital calls), net of returns of capital | (21,206) |  |  | (17,589) |  |  | (13,070) |
Proceeds from sales of alternative investments | 12,226 |  |  | 9,657 |  |  | — |
Net cash (used in) investing activities | (107,246) |  |  | (7,932) |  |  | (13,070) |
Financing activities: |  |  |  |  |
Repayment of long-term debt | (499,000) |  |  | (132,550) |  |  | (16,752) |
Proceeds from issuance of long-term debt | 347,389 |  |  | — |  |  | — |
Debt issuance costs | (1,636) |  |  | — |  |  | — |
Dividends paid to common stockholders | (266,830) |  |  | (274,545) |  |  | (278,155) |
Dividends paid to preferred stockholders | (16,650) |  |  | (16,650) |  |  | (16,650) |
Exercise of stock options | 67 |  |  | 254 |  |  | 1,723 |
Common stock repurchase program | (593,654) |  |  | (65,403) |  |  | (107,984) |
Common shares acquired related to stock compensation plan activity | (22,762) |  |  | (17,215) |  |  | (16,278) |
Net cash (used in) financing activities | (1,053,076) |  |  | (506,109) |  |  | (434,096) |
Net (decrease) increase in cash and cash equivalents | (317,173) |  |  | 49,412 |  |  | 101,423 |
Cash and cash equivalents, beginning of period | 456,166 |  |  | 406,754 |  |  | 305,331 |
Cash and cash equivalents, at end of period | $ | 138,993 |  |  | $ | 456,166 |  |  | $ | 406,754 |
Supplemental disclosure of cash flow information: |  |  |  |  |
Non-cash investing and financing activities: |  |  |  |  |
Contribution of alternative investment to the Bank | $ | 8,034 |  |  | $ | — |  |  | $ | — |
(1)The increase in Other, net during the year ended December 31, 2025, is primarily attributed to higher alternative investments (gains) and a higher deferred tax (benefit) expense recognized in 2025, as compared to 2024 and 2023.

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