XML 66 R43.htm IDEA: XBRL DOCUMENT
v3.25.4

Leasing (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Leases [Abstract] |
Summary of Net Investments | The following table summarizes the components of the Company’s net investment in its sales-type and direct financing leases:
| December 31,
(In thousands) | 2025 | 2024
Lease receivables | $ | 482,274 | $ | 394,489
Unguaranteed residual values (1) | 65,452 | 63,014
Total net investment | $ | 547,726 | $ | 457,503
(1)The Company performs quarterly reviews of residual values associated with its equipment finance leasing portfolio considering factors such as the subject equipment, structure of the transaction, industry, prior experience with the lessee, and other factors that may impact the residual value to assess for impairment.
Summary of Net Investment Maturity | The following table reconciles undiscounted future lease payments to the total sales-type and direct financing leases’ net investment:
(In thousands) | December 31, 2025
2026 | $ | 168,284
2027 | 119,080
2028 | 109,704
2029 | 70,740
2030 | 42,181
Thereafter | 111,104
Total lease payments receivable | 621,093
Present value adjustment | (73,367)
Total net investment | $ | 547,726
Schedule of Components of Leveraged Lease Investments | The following table summarizes the Company’s ROU lease assets and operating lease liabilities:
|  |  | December 31,
(In thousands) | Consolidated Balance Sheet Line Item |  | 2025 | 2024
ROU lease assets, net | Premises and equipment, net |  | $ | 176,672 | $ | 163,827
Operating lease liabilities | Accrued expenses and other liabilities |  | 202,742 | 193,188
Summary of Operating Lease Expense and Other | The following table summarizes the components of operating lease expense and other relevant information:
| Years ended December 31,
(Dollars in thousands) | 2025 | 2024 | 2023
Lease Cost: |  |  |
Operating lease cost | $ | 37,430 | $ | 36,235 | $ | 33,880
Variable lease cost | 6,970 | 4,880 | 4,617
Sublease income | (745) | (909) | (223)
Total operating lease expense | $ | 43,655 | $ | 40,206 | $ | 38,274
Other Information: |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 40,937 | $ | 36,080 | $ | 37,615
ROU lease assets obtained in exchange for operating lease liabilities (1) | 42,611 | 10,444 | 22,989
Weighted-average remaining lease term (in years) | 7.41 | 7.08 | 7.46
Weighted-average discount rate | 3.86 | % | 3.20 | % | 2.96 | %
(1)Excludes $0.5 million of ROU lease assets acquired from Ametros for the year ended December 31, 2024.
Summary of Undiscounted Future Lease Payments | The following table reconciles undiscounted future lease payments to total operating lease liabilities:
(In thousands) | December 31, 2025 |
2026 | $ | 36,360 |
2027 | 37,005 |
2028 | 35,087 |
2029 | 30,784 |
2030 | 24,235 |
Thereafter | 75,419 |
Total operating lease payments | 238,890 |
Present value adjustment | (36,148) |
Total operating lease liabilities | $ | 202,742 |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received on annual basis for sales-type and direct financing leases receivable. Includes, but is not limited to, reconciliation to lease receivable recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-10 + Details
Name: | us-gaap_SalesTypeAndDirectFinancingLeasesLeaseReceivableMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from sales-type lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
Name: | us-gaap_SalesTypeLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of the investment in leveraged leases. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481161/840-30-50-5 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479711/842-50-50-1 + Details
Name: | us-gaap_ScheduleOfComponentsOfLeveragedLeaseInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration