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Condensed Financial Information (Parent Company Only) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Offsetting [Abstract] |
Schedule of Condensed Balance Sheets | Condensed Balance Sheets
|  | December 31,
(In thousands) |  | 2023 |  | 2022
Assets |  |  |  |
Cash and cash equivalents |  | $ | 484,542 |  |  | $ | 359,570 |
Investment securities |  | 57,032 |  |  | 57,912 |
Investments in wholly-owned subsidiaries |  | 3,679,597 |  |  | 3,538,344 |
Other assets |  | 18,049 |  |  | 19,422 |
Total assets |  | $ | 4,239,220 |  |  | $ | 3,975,248 |
Liabilities |  |  |  |
Subordinated debentures |  | $ | 439,834 |  |  | $ | 440,420 |
Other liabilities |  | 8,311 |  |  | 8,466 |
Total liabilities |  | 448,145 |  |  | 448,886 |
Stockholders' Equity |  |  |  |
Common stock |  | 2,015 |  |  | 2,034 |
Capital surplus |  | 2,348,023 |  |  | 2,386,699 |
Retained earnings |  | 1,690,112 |  |  | 1,443,087 |
Accumulated other comprehensive income |  | (249,075) |  |  | (305,458) |
Total stockholders' equity |  | 3,791,075 |  |  | 3,526,362 |
Total liabilities and stockholders' equity |  | $ | 4,239,220 |  |  | $ | 3,975,248 |
Schedule of Condensed Statements of Income | Condensed Statements of Income
| Years Ended December 31,
(In thousands) | 2023 |  | 2022 |  | 2021
Income |  |  |  |  |
Dividends from equity securities | $ | 3,634 |  |  | $ | 2,088 |  |  | $ | 646 |
Dividends from banking subsidiary | 329,997 |  |  | 216,086 |  |  | 286,712 |
Other (loss) income | (724) |  |  | (1,297) |  |  | 7,234 |
Total income | 332,907 |  |  | 216,877 |  |  | 294,592 |
Expenses | 32,361 |  |  | 38,933 |  |  | 34,194 |
Income before income taxes and equity in undistributed net income of subsidiaries | 300,546 |  |  | 177,944 |  |  | 260,398 |
Tax benefit for income taxes | 7,514 |  |  | 10,752 |  |  | 7,161 |
Income before equity in undistributed net income of subsidiaries | 308,060 |  |  | 188,696 |  |  | 267,559 |
Equity in undistributed net income of subsidiaries | 84,869 |  |  | 116,566 |  |  | 51,462 |
Net income | $ | 392,929 |  |  | $ | 305,262 |  |  | $ | 319,021 |
Schedule of Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
|  | Years Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2021
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 392,929 |  |  | $ | 305,262 |  |  | $ | 319,021 |
Items not requiring (providing) cash |  |  |  |  |  |
(Accretion)/ amortization |  | (586) |  |  | 1,912 |  |  | 767 |
Share-based compensation |  | 9,274 |  |  | 9,133 |  |  | 8,848 |
Decrease (increase) in value of equity securities |  | 1,094 |  |  | 1,272 |  |  | (7,178) |
Equity in undistributed income of subsidiaries |  | (84,869) |  |  | (116,566) |  |  | (51,462) |
Changes in other assets |  | (364) |  |  | (4,149) |  |  | 90 |
Changes in other liabilities |  | (155) |  |  | 2,290 |  |  | (76) |
Net cash provided by operating activities |  | 317,323 |  |  | 199,154 |  |  | 270,010 |
Cash flows from investing activities |  |  |  |  |  |
Net cash proceeds from Happy Bancshares, Inc. |  | — |  |  | 201,428 |  |  | — |
Purchases of equity securities |  | — |  |  | (49,975) |  |  | (13,276) |
Proceeds from sale of equity securities |  | 1,522 |  |  | 13,778 |  |  | 16,381 |
Redemptions of other investments |  | — |  |  | 2,899 |  |  | — |
Net cash provided by investing activities |  | 1,522 |  |  | 168,130 |  |  | 3,105 |
Cash flows from financing activities |  |  |  |  |  |
Retirement of subordinated debentures |  | — |  |  | (300,000) |  |  | — |
Proceeds from the issuance of subordinated debentures |  | — |  |  | 296,324 |  |  | — |
Redemption of trust preferred securities |  | — |  |  | (96,499) |  |  | — |
Proceeds from exercise of stock options |  | 802 |  |  | 156 |  |  | 2,374 |
Repurchase of common stock |  | (48,771) |  |  | (70,856) |  |  | (44,480) |
Dividends paid |  | (145,904) |  |  | (128,424) |  |  | (92,142) |
Net cash used in financing activities |  | (193,873) |  |  | (299,299) |  |  | (134,248) |
Increase in cash and cash equivalents |  | 124,972 |  |  | 67,985 |  |  | 138,867 |
Cash and cash equivalents, beginning of year |  | 359,570 |  |  | 291,585 |  |  | 152,718 |
Cash and cash equivalents, end of year |  | $ | 484,542 |  |  | $ | 359,570 |  |  | $ | 291,585 |

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