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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 1,694,637 $ 1,972,175
Federal funds sold 221 292
Total cash and cash equivalents 1,694,858 1,972,467
Available for sale securities, at fair value 335,845 336,960
Held to maturity securities, at cost (fair value of $9,302,604 and $9,382,479, respectively) 10,456,886 10,757,464
Total securities 10,792,731 11,094,424
Loans held for sale 9,764 10,690
Loans held for investment 20,909,913 21,057,616
Loans held for investment - Warehouse Purchase Program 1,057,893 1,080,903
Total loans 21,977,570 22,149,209
Less: allowance for credit losses on loans (349,101) (351,805)
Loans, net 21,628,469 21,797,404
Accrued interest receivable 102,721 104,367
Goodwill 3,503,127 3,503,129
Core deposit intangibles, net 62,406 66,047
Bank premises and equipment, net 373,273 371,238
Other real estate owned 8,012 5,701
Bank owned life insurance (BOLI) 388,123 386,247
Federal Home Loan Bank of Dallas stock 117,700 138,200
Other assets 93,255 127,514
TOTAL ASSETS 38,764,675 39,566,738
Deposits:    
Noninterest-bearing 9,675,915 9,798,438
Interest-bearing 18,350,884 18,582,900
Total deposits 28,026,799 28,381,338
Other borrowings 2,700,000 3,200,000
Securities sold under repurchase agreements 216,086 221,913
Accrued interest payable 34,130 41,910
Allowance for credit losses on off-balance sheet credit exposures 37,646 37,646
Other liabilities 232,953 245,436
Total liabilities 31,247,614 32,128,243
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Preferred stock, $1 par value; 20,000,000 shares authorized; none issued or outstanding
Common stock, $1 par value; 200,000,000 shares authorized; 95,258,217 issued and outstanding at March 31, 2025; 95,275,279 shares issued and outstanding at December 31, 2024 95,259 95,276
Capital surplus 3,799,692 3,796,622
Retained earnings 3,623,195 3,548,221
Accumulated other comprehensive loss -net unrealized loss on available for sale securities, net of tax benefit of $(288) and $(432), respectively (1,085) (1,624)
Total shareholders’ equity 7,517,061 7,438,495
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 38,764,675 $ 39,566,738