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Condensed Financial Information (Parent Company Only)
 12 Months Ended
Dec. 31, 2024
Offsetting [Abstract]  
Condensed Financial Information (Parent Company Only) Condensed Financial Information (Parent Company Only)
Condensed Balance Sheets
December 31,
(In thousands)20242023
Assets  
Cash and cash equivalents$550,340 $484,542 
Investment securities58,199 57,032 
Investments in wholly-owned subsidiaries3,782,780 3,679,597 
Premises and equipment
221 — 
Other assets16,959 18,049 
Total assets$4,408,499 $4,239,220 
Liabilities
Subordinated debentures$439,246 $439,834 
Other liabilities8,228 8,311 
Total liabilities447,474 448,145 
Stockholders' Equity
Common stock1,989 2,015 
Capital surplus2,272,794 2,348,023 
Retained earnings1,942,350 1,690,112 
Accumulated other comprehensive loss
(256,108)(249,075)
Total stockholders' equity3,961,025 3,791,075 
Total liabilities and stockholders' equity$4,408,499 $4,239,220 
Condensed Statements of Income
Years Ended December 31,
(In thousands)202420232022
Income   
Dividends from equity securities$3,589 $3,634 $2,088 
Dividends from banking subsidiary311,127 329,997 216,086 
Other income (loss)
3,842 (724)(1,297)
Total income318,558 332,907 216,877 
Expenses32,570 32,361 38,933 
Income before income taxes and equity in undistributed net income of subsidiaries
285,988 300,546 177,944 
Tax benefit for income taxes6,036 7,514 10,752 
Income before equity in undistributed net income of subsidiaries
292,024 308,060 188,696 
Equity in undistributed net income of subsidiaries110,217 84,869 116,566 
Net income$402,241 $392,929 $305,262 
Condensed Statements of Cash Flows
 
Years Ended December 31,
(In thousands)202420232022
Cash flows from operating activities   
Net income$402,241 $392,929 $305,262 
Items not requiring (providing) cash
(Accretion)/ amortization
(588)(586)1,912 
Share-based compensation9,222 9,274 9,133 
(Increase) decrease in value of equity securities
(2,971)1,094 1,272 
Equity in undistributed income of subsidiaries(110,217)(84,869)(116,566)
Changes in other assets(542)(364)(4,149)
Changes in other liabilities(82)(155)2,290 
Net cash provided by operating activities297,063 317,323 199,154 
Cash flows from investing activities
Purchases of premises and equipment, net
(221)— — 
Net cash proceeds from Happy Bancshares, Inc.— — 201,428 
Purchases of equity securities— — (49,975)
Proceeds from sale of equity securities3,436 1,522 13,778 
Redemptions of other investments— — 2,899 
Net cash provided by investing activities
3,215 1,522 168,130 
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 options2,016 802 156 
Repurchase of common stock(86,493)(48,771)(70,856)
Dividends paid(150,003)(145,904)(128,424)
Net cash used in financing activities(234,480)(193,873)(299,299)
Increase in cash and cash equivalents65,798 124,972 67,985 
Cash and cash equivalents, beginning of year484,542 359,570 291,585 
Cash and cash equivalents, end of year$550,340 $484,542 $359,570