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Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule Of Condensed Balance Sheet | Condensed Balance Sheets December 31, 2023 and 2022
(in thousands) | December 31, 2023 |  | December 31, 2022
ASSETS |  |  |
Non-interest-bearing deposits with subsidiary bank | $ | 45,895 |  |  | $ | 143,130 |
Investments in: |  |  |
Bank subsidiary | 5,367,612 |  |  | 2,744,195 |
Non-bank subsidiaries | 18,951 |  |  | 16,932 |
Other assets | 7,781 |  |  | 4,048 |
Total assets | $ | 5,440,239 |  |  | $ | 2,908,305 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |
Payable to bank subsidiary | $ | 444 |  |  | $ | 128 |
Other liabilities | 20,426 |  |  | 16,899 |
Junior subordinated debentures, at fair value | 316,440 |  |  | 323,639 |
Junior and other subordinated debentures, at amortized cost | 107,895 |  |  | 87,813 |
Total liabilities | 445,205 |  |  | 428,479 |
Shareholders' equity | 4,995,034 |  |  | 2,479,826 |
Total liabilities and shareholders' equity | $ | 5,440,239 |  |  | $ | 2,908,305 |
Schedule Of Condensed Statements Of Operations | Condensed Statements of Operations Years Ended December 31, 2023, 2022, and 2021
(in thousands) | 2023 |  | 2022 |  | 2021
INCOME |  |  |  |  |
Dividends from bank subsidiary | $ | 353,000 |  |  | $ | 192,000 |  |  | $ | 398,000 |
Dividends from non-bank subsidiaries | 10,115 |  |  | 2,104 |  |  | 9,371 |
Other income | 453 |  |  | 127 |  |  | 5,007 |
Total income | 363,568 |  |  | 194,231 |  |  | 412,378 |
EXPENSE |  |  |  |  |
Management fees paid to subsidiaries | 1,877 |  |  | 1,434 |  |  | 1,590 |
Other expenses | 44,493 |  |  | 22,396 |  |  | 17,834 |
Total expenses | 46,370 |  |  | 23,830 |  |  | 19,424 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 317,198 |  |  | 170,401 |  |  | 392,954 |
Income tax benefit | (10,019) |  |  | (4,677) |  |  | (3,470) |
Net income before equity in undistributed earnings of subsidiaries | 327,217 |  |  | 175,078 |  |  | 396,424 |
Equity in undistributed earnings losses of subsidiaries | 21,498 |  |  | 161,674 |  |  | 23,876 |
Net income | $ | 348,715 |  |  | $ | 336,752 |  |  | $ | 420,300 |
Schedule Of Condensed Statements of Cash Flows | Condensed Statements of Cash Flows Years Ended December 31, 2023, 2022, and 2021
(in thousands) | 2023 |  | 2022 |  | 2021
OPERATING ACTIVITIES: |  |  |  |  |
Net income | $ | 348,715 |  |  | $ | 336,752 |  |  | $ | 420,300 |
Adjustment to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Gain on sale of Umpqua Investments, Inc. | — |  |  | — |  |  | (4,444) |
Equity in undistributed earnings of subsidiaries | (21,498) |  |  | (161,674) |  |  | (23,876) |
Depreciation, amortization, and accretion | (228) |  |  | (228) |  |  | (228) |
Net increase in other assets | (176) |  |  | (2,334) |  |  | (1,001) |
Net (decrease) increase in other liabilities | (5,472) |  |  | 2,212 |  |  | 2,589 |
Net cash provided by operating activities | 321,341 |  |  | 174,728 |  |  | 393,340 |
INVESTING ACTIVITIES: |  |  |  |  |
Net increase in advances to subsidiaries | (143,535) |  |  | (121,409) |  |  | (313) |
Net cash received from sale of Umpqua Investments, Inc. | — |  |  | — |  |  | 10,781 |
Net cash (used in) provided by investing activities | (143,535) |  |  | (121,409) |  |  | 10,468 |
FINANCING ACTIVITIES: |  |  |  |  |
Net increase (decrease) in advances from subsidiaries | 317 |  |  | (379) |  |  | 409 |
Dividends paid on common stock | (270,261) |  |  | (182,273) |  |  | (183,734) |
Repurchases and retirement of common stock | (6,282) |  |  | (4,163) |  |  | (80,690) |
Net proceeds from issuance of common stock | 1,185 |  |  | 54 |  |  | 34 |
Net cash used in financing activities | (275,041) |  |  | (186,761) |  |  | (263,981) |
Net (decrease) increase in cash and cash equivalents | (97,235) |  |  | (133,442) |  |  | 139,827 |
Cash and cash equivalents, beginning of year | 143,130 |  |  | 276,572 |  |  | 136,745 |
Cash and cash equivalents, end of year | $ | 45,895 |  |  | $ | 143,130 |  |  | $ | 276,572 |

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