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Goodwill and Core Deposit Intangibles (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Core Deposit Intangibles

Changes in the carrying amount of the Company’s goodwill and core deposit intangibles for the three months ended March 31, 2024 and the year ended December 31, 2023 were as follows:

 

 

Goodwill

 

 

Core Deposit Intangibles

 

 

 

(Dollars in thousands)

 

Balance as of December 31, 2022

 

$

3,231,636

 

 

$

51,348

 

Less:

 

 

 

 

 

 

Amortization

 

 

—

 

 

 

(12,676

)

Add:

 

 

 

 

 

 

First Bancshares Merger

 

 

164,450

 

 

 

25,322

 

Balance as of December 31, 2023

 

 

3,396,086

 

 

 

63,994

 

Less:

 

 

 

 

 

 

Amortization

 

 

—

 

 

 

(3,237

)

Add:

 

 

 

 

 

 

First Bancshares Merger

 

 

316

 

 

 

—

 

Balance as of March 31, 2024

 

$

3,396,402

 

 

$

60,757

 
Estimated Aggregate Future Amortization Expense for Core Deposit Intangibles The estimated aggregate future amortization expense for core deposit intangibles remaining as of March 31, 2024 is as follows (dollars in thousands):

 

Remaining 2024

 

$

9,576

 

2025

 

 

11,409

 

2026

 

 

10,376

 

2027

 

 

9,288

 

2028

 

 

8,288

 

Thereafter

 

 

11,820

 

Total

 

$

60,757