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Parent Company Only Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
CONDENSED BALANCE SHEETS | CONDENSED BALANCE SHEETS
| 2022 |  | 2021
Assets: |  |  |
Cash and cash equivalents | $ | 186,572 |  |  | $ | 184,654 |
Investments in bank subsidiaries | 5,626,844 |  |  | 5,329,003 |
Investments in consolidated subsidiaries | 12,202 |  |  | 11,133 |
Investment in unconsolidated subsidiaries: |  |  |
Statutory Trusts | 3,995 |  |  | 3,995 |
Other investments | 56,957 |  |  | 156,292 |
Current income tax receivable | 33,870 |  |  | 29,609 |
Other assets | 57,980 |  |  | 24,930 |
| $ | 5,978,420 |  |  | $ | 5,739,616 |
Liabilities and shareholders' equity: |  |  |
Subordinated debt and other borrowings | 424,055 |  |  | 423,172 |
Other liabilities | 34,973 |  |  | 5,837 |
Shareholders' equity | 5,519,392 |  |  | 5,310,607 |
| $ | 5,978,420 |  |  | $ | 5,739,616 |
CONDENSED STATEMENTS OF OPERATIONS | CONDENSED STATEMENTS OF OPERATIONS
| 2022 |  | 2021 |  | 2020
Revenues: |  |  |  |  |
Income from bank subsidiaries | $ | 110,834 |  |  | $ | 99,766 |  |  | $ | 119,065 |
Income from nonbank subsidiaries | 145 |  |  | 89 |  |  | 119 |
Income from equity method investment | 33,817 |  |  | 33,169 |  |  | 22,587 |
Other income | 6,478 |  |  | 14,945 |  |  | 3,861 |
| 2022 |  | 2021 |  | 2020
Expenses: |  |  |  |  |
Interest expense | 18,590 |  |  | 22,903 |  |  | 23,877 |
Personnel expense, including stock compensation | 39,552 |  |  | 24,952 |  |  | 18,737 |
Other expense | 3,025 |  |  | 2,697 |  |  | 2,905 |
Income before income taxes and equity in undistributed income of subsidiaries | 90,107 |  |  | 97,417 |  |  | 100,113 |
Income tax benefit | (8,444) |  |  | (3,088) |  |  | (5,370) |
Income before equity in undistributed income of subsidiaries | 98,551 |  |  | 100,505 |  |  | 105,483 |
Equity in undistributed income of bank subsidiaries | 461,004 |  |  | 424,978 |  |  | 205,327 |
Equity in undistributed income of nonbank subsidiaries | 1,187 |  |  | 1,840 |  |  | 1,511 |
Net income | $ | 560,742 |  |  | $ | 527,323 |  |  | $ | 312,321 |
Preferred stock dividends | 15,192 |  |  | 15,192 |  |  | 7,596 |
Net income available to common shareholders | $ | 545,550 |  |  | $ | 512,131 |  |  | $ | 304,725 |
CONDENSED STATEMENTS OF CASH FLOWS | CONDENSED STATEMENTS OF CASH FLOWS
| 2022 |  | 2021 |  | 2020
Operating activities: |  |  |  |  |
Net income | $ | 560,742 |  |  | $ | 527,323 |  |  | $ | 312,321 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |
Amortization and accretion | 882 |  |  | 1,886 |  |  | 1,122 |
Stock-based compensation expense | 39,552 |  |  | 24,952 |  |  | 18,737 |
Increase (decrease) in income tax payable, net | 28,281 |  |  | — |  |  | (2,467) |
Deferred tax expense | 1,760 |  |  | 2,850 |  |  | 3,876 |
Income from equity method investments, net | (33,817) |  |  | (33,169) |  |  | (22,587) |
Dividends received from equity method investment | 10,365 |  |  | 12,214 |  |  | 9,251 |
Excess tax benefit from stock compensation | (3,027) |  |  | (2,475) |  |  | (417) |
Gain on other investments, net | (2,563) |  |  | (10,223) |  |  | (195) |
Decrease (increase) in other assets | (32,609) |  |  | 19,478 |  |  | (39,981) |
Increase (decrease) in other liabilities | 3,881 |  |  | 2,032 |  |  | (764) |
Equity in undistributed income of bank subsidiaries | (461,004) |  |  | (424,978) |  |  | (205,327) |
Equity in undistributed income of nonbank subsidiaries | (1,187) |  |  | (1,840) |  |  | (1,511) |
Net cash provided by operating activities | 111,256 |  |  | 118,050 |  |  | 72,058 |
Investing activities: |  |  |  |  |
Investment in consolidated banking subsidiaries | — |  |  | — |  |  | — |
Increase in other investments | (15,776) |  |  | (11,668) |  |  | (2,454) |
Net cash used in investing activities | (15,776) |  |  | (11,668) |  |  | (2,454) |
Financing activities: |  |  |  |  |
Proceeds from subordinated debt and other borrowings, net of issuance costs | — |  |  | — |  |  | (93) |
Repayment of subordinated debt and other borrowings | — |  |  | (120,000) |  |  | (80,000) |
Issuance of common stock pursuant to restricted stock unit agreement, net of shares withheld for taxes | (5,462) |  |  | (3,790) |  |  | (2,488) |
Exercise of common stock options, net of shares surrendered for taxes | (4,714) |  |  | (3,130) |  |  | (2,577) |
Issuance of preferred stock, net of issuance costs | — |  |  | — |  |  | 217,126 |
Repurchase of common stock | — |  |  | — |  |  | (50,790) |
Common dividends paid | (68,194) |  |  | (55,504) |  |  | (49,389) |
Preferred stock dividends paid | (15,192) |  |  | (15,192) |  |  | (7,596) |
Net cash provided by (used in) financing activities | (93,562) |  |  | (197,616) |  |  | 24,193 |
Net increase (decrease) in cash | 1,918 |  |  | (91,234) |  |  | 93,797 |
Cash and cash equivalents, beginning of year | 184,654 |  |  | 275,888 |  |  | 182,091 |
Cash and cash equivalents, end of year | $ | 186,572 |  |  | $ | 184,654 |  |  | $ | 275,888 |

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