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Share-based Compensation and Other Employment Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
Total share-based compensation expense recognized for 2024, 2023, and 2022 is presented in the following table by its classification within total non-interest expense.
Years Ended December 31,
(in thousands)202420232022
Salaries and other personnel expense$30,625 $30,610 $26,751 
Other operating expense1,424 1,614 1,153 
Total share-based compensation expense included in non-interest expense$32,049 $32,224 $27,904 
Schedule of Stock Options Activity
A summary of stock option activity during the years ended December 31, 2024, 2023, and 2022 is presented below.
Stock Options
202420232022
(in thousands, except per share data)QuantityWeighted-Average Exercise PriceQuantityWeighted-Average Exercise PriceQuantityWeighted-Average Exercise Price
Outstanding at beginning of year416 $31.13 1,113 $23.51 1,478 $22.71 
Options exercised(299)30.35 (697)18.97 (365)20.27 
Options forfeited/expired/canceled  — — — — 
Options outstanding at end of year117 $33.14 416 $31.13 1,113 $23.51 
Options exercisable at end of year117 $33.14 416 $31.13 1,113 $23.51 
Schedule of Weighted Average Assumptions The fair value of performance share units, which include a market condition, was estimated on the date of grant using a Monte Carlo simulation model with the following weighted average assumptions:
202420232022
Risk-free interest rate4.39 %4.38 %2.87 %
Expected stock price volatility 39.1 48.3 57.2 
Simulation period2.9 years2.9 years2.9 years
Schedule of Restricted Share Units and Performance Share Units Outstanding and Changes
A summary of restricted share units and performance share units outstanding and changes during the years ended December 31, 2024, 2023, and 2022 is presented below.
Restricted Share UnitsPerformance Share Units
(in thousands, except per share data)QuantityWeighted-Average Grant Date Fair ValueQuantityWeighted-Average Grant Date Fair Value
Outstanding at December 31, 20211,245 $37.00 522 $37.59 
Granted608 48.14 29 54.76 
Vested(571)36.98 (45)38.86 
Forfeited(58)42.21 (34)43.06 
Outstanding at December 31, 20221,224 41.80 472 44.11 
Granted807 41.04 192 46.18 
Vested(654)38.47 (170)35.75 
Forfeited(84)45.18 — — 
Outstanding at December 31, 20231,293 42.90 494 47.16 
Granted870 37.62 264 37.96 
Vested(601)43.37 (290)42.94 
Forfeited(80)41.13 (4)50.14 
Outstanding at December 31, 20241,482 $40.15 464 $45.63