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Goodwill and Core Deposit Intangibles (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 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			—				(7,393	)
Add:
Measurement period adjustment of First Bancshares merger			316				—
Lone Star State Bancshares merger			107,705				17,723
Balance as of June 30, 2024		$	3,504,107			$	74,324

Estimated Aggregate Future Amortization Expense for Core Deposit Intangibles

The estimated aggregate future amortization expense for core deposit intangibles remaining as of June 30, 2024 is as follows (dollars in thousands):

Remaining 2024		$	8,277
2025			14,441
2026			12,763
2027			11,262
2028			9,958
Thereafter			17,623
Total		$	74,324

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- References

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- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

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