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SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting, by Reportable Business Segments | The following tables present selected financial information with respect to the Company’s reportable business segments for the three and six months ended June 30, 2025 and 2024:
| Three Months Ended June 30, 2025
(dollars in thousands) | Banking Division |  | Retail Mortgage Division |  | Warehouse Lending Division |  |  |  | Premium Finance Division |  | Total
Interest income | $ | 239,211 |  |  | $ | 61,356 |  |  | $ | 18,174 |  |  |  |  | $ | 28,897 |  |  | $ | 347,638 |
Interest expense | 47,710 |  |  | 39,325 |  |  | 11,083 |  |  |  |  | 17,707 |  |  | 115,825 |
Net interest income | 191,501 |  |  | 22,031 |  |  | 7,091 |  |  |  |  | 11,190 |  |  | 231,813 |
Provision for credit losses | 677 |  |  | 1,010 |  |  | 369 |  |  |  |  | 716 |  |  | 2,772 |
Noninterest income | 29,275 |  |  | 37,726 |  |  | 1,893 |  |  |  |  | 17 |  |  | 68,911 |
Noninterest expense |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits | 62,001 |  |  | 24,358 |  |  | 618 |  |  |  |  | 2,331 |  |  | 89,308 |
Occupancy and equipment | 10,547 |  |  | 811 |  |  | 7 |  |  |  |  | 36 |  |  | 11,401 |
Data processing and communications expenses | 13,825 |  |  | 1,391 |  |  | 59 |  |  |  |  | 91 |  |  | 15,366 |
Other expenses(1) | 25,478 |  |  | 12,496 |  |  | 96 |  |  |  |  | 1,115 |  |  | 39,185 |
Total noninterest expense | 111,851 |  |  | 39,056 |  |  | 780 |  |  |  |  | 3,573 |  |  | 155,260 |
Income before income tax expense | 108,248 |  |  | 19,691 |  |  | 7,835 |  |  |  |  | 6,918 |  |  | 142,692 |
Income tax expense | 25,667 |  |  | 4,135 |  |  | 1,646 |  |  |  |  | 1,410 |  |  | 32,858 |
Net income | $ | 82,581 |  |  | $ | 15,556 |  |  | $ | 6,189 |  |  |  |  | $ | 5,508 |  |  | $ | 109,834 |
Total assets | $ | 19,143,429 |  |  | $ | 4,723,883 |  |  | $ | 1,114,158 |  |  |  |  | $ | 1,698,683 |  |  | $ | 26,680,153 |
Goodwill | 951,148 |  |  | — |  |  | — |  |  |  |  | 64,498 |  |  | 1,015,646 |
Other intangible assets, net | 60,952 |  |  | — |  |  | — |  |  |  |  | 1,630 |  |  | 62,582 |
| Three Months Ended June 30, 2024
(dollars in thousands) | Banking Division |  | Retail Mortgage Division |  | Warehouse Lending Division |  |  |  | Premium Finance Division |  | Total
Interest income | $ | 243,857 |  |  | $ | 59,001 |  |  | $ | 19,380 |  |  |  |  | $ | 25,085 |  |  | $ | 347,323 |
Interest expense | 70,320 |  |  | 35,259 |  |  | 13,088 |  |  |  |  | 16,735 |  |  | 135,402 |
Net interest income | 173,537 |  |  | 23,742 |  |  | 6,292 |  |  |  |  | 8,350 |  |  | 211,921 |
Provision for credit losses | 20,888 |  |  | (2,882) |  |  | 359 |  |  |  |  | 408 |  |  | 18,773 |
Noninterest income | 37,527 |  |  | 50,145 |  |  | 1,028 |  |  |  |  | 11 |  |  | 88,711 |
Noninterest expense |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits | 59,923 |  |  | 25,254 |  |  | 1,124 |  |  |  |  | 1,900 |  |  | 88,201 |
Occupancy and equipment | 11,474 |  |  | 1,008 |  |  | 7 |  |  |  |  | 70 |  |  | 12,559 |
Data processing and communications expenses | 13,756 |  |  | 1,276 |  |  | 59 |  |  |  |  | 102 |  |  | 15,193 |
Other expenses(1) | 24,614 |  |  | 13,397 |  |  | 298 |  |  |  |  | 1,095 |  |  | 39,404 |
Total noninterest expense | 109,767 |  |  | 40,935 |  |  | 1,488 |  |  |  |  | 3,167 |  |  | 155,357 |
Income before income tax expense | 80,409 |  |  | 35,834 |  |  | 5,473 |  |  |  |  | 4,786 |  |  | 126,502 |
Income tax expense | 26,090 |  |  | 7,525 |  |  | 1,149 |  |  |  |  | 953 |  |  | 35,717 |
Net income | $ | 54,319 |  |  | $ | 28,309 |  |  | $ | 4,324 |  |  |  |  | $ | 3,833 |  |  | $ | 90,785 |
Total assets | $ | 18,933,072 |  |  | $ | 5,100,837 |  |  | $ | 1,089,263 |  |  |  |  | $ | 1,397,556 |  |  | $ | 26,520,728 |
Goodwill | 951,148 |  |  | — |  |  | — |  |  |  |  | 64,498 |  |  | 1,015,646 |
Other intangible assets, net | 74,605 |  |  | — |  |  | — |  |  |  |  | 4,515 |  |  | 79,120 |
(1) Other expenses for each reportable segment include credit resolution-related expenses, advertising and marketing expenses, amortization of intangible assets, and loan servicing expenses.
| Six Months Ended June 30, 2025
(dollars in thousands) | Banking Division |  | Retail Mortgage Division |  | Warehouse Lending Division |  |  |  | Premium Finance Division |  | Total
Interest income | $ | 472,530 |  |  | $ | 119,288 |  |  | $ | 33,374 |  |  |  |  | $ | 56,224 |  |  | $ | 681,416 |
Interest expense | 96,816 |  |  | 75,413 |  |  | 20,381 |  |  |  |  | 35,154 |  |  | 227,764 |
Net interest income | 375,714 |  |  | 43,875 |  |  | 12,993 |  |  |  |  | 21,070 |  |  | 453,652 |
Provision for credit losses | 17,097 |  |  | 6,201 |  |  | 194 |  |  |  |  | 1,172 |  |  | 24,664 |
Noninterest income | 57,999 |  |  | 72,455 |  |  | 2,447 |  |  |  |  | 33 |  |  | 132,934 |
Noninterest expense |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits | 124,717 |  |  | 45,353 |  |  | 1,170 |  |  |  |  | 4,683 |  |  | 175,923 |
Occupancy and equipment | 20,351 |  |  | 1,640 |  |  | 14 |  |  |  |  | 73 |  |  | 22,078 |
Data processing and communications expenses | 27,216 |  |  | 2,688 |  |  | 97 |  |  |  |  | 220 |  |  | 30,221 |
Other expenses(1) | 51,163 |  |  | 24,459 |  |  | 366 |  |  |  |  | 2,084 |  |  | 78,072 |
Total noninterest expense | 223,447 |  |  | 74,140 |  |  | 1,647 |  |  |  |  | 7,060 |  |  | 306,294 |
Income before income tax expense | 193,169 |  |  | 35,989 |  |  | 13,599 |  |  |  |  | 12,871 |  |  | 255,628 |
Income tax expense | 44,821 |  |  | 7,558 |  |  | 2,856 |  |  |  |  | 2,624 |  |  | 57,859 |
Net income | $ | 148,348 |  |  | $ | 28,431 |  |  | $ | 10,743 |  |  |  |  | $ | 10,247 |  |  | $ | 197,769 |
| Six Months Ended June 30, 2024
(dollars in thousands) | Banking Division |  | Retail Mortgage Division |  | Warehouse Lending Division |  |  |  | Premium Finance Division |  | Total
Interest income | $ | 478,979 |  |  | $ | 114,100 |  |  | $ | 35,863 |  |  |  |  | $ | 47,833 |  |  | $ | 676,775 |
Interest expense | 140,974 |  |  | 67,071 |  |  | 23,543 |  |  |  |  | 31,878 |  |  | 263,466 |
Net interest income | 338,005 |  |  | 47,029 |  |  | 12,320 |  |  |  |  | 15,955 |  |  | 413,309 |
Provision for credit losses | 40,015 |  |  | (550) |  |  | 504 |  |  |  |  | (91) |  |  | 39,878 |
Noninterest income | 63,890 |  |  | 88,910 |  |  | 1,768 |  |  |  |  | 21 |  |  | 154,589 |
Noninterest expense |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits | 118,839 |  |  | 46,327 |  |  | 2,012 |  |  |  |  | 3,953 |  |  | 171,131 |
Occupancy and equipment | 23,227 |  |  | 2,057 |  |  | 14 |  |  |  |  | 146 |  |  | 25,444 |
Data processing and communications expenses | 26,940 |  |  | 2,642 |  |  | 84 |  |  |  |  | 181 |  |  | 29,847 |
Other expenses(1) | 49,061 |  |  | 25,927 |  |  | 535 |  |  |  |  | 2,123 |  |  | 77,646 |
Total noninterest expense | 218,067 |  |  | 76,953 |  |  | 2,645 |  |  |  |  | 6,403 |  |  | 304,068 |
Income before income tax expense | 143,813 |  |  | 59,536 |  |  | 10,939 |  |  |  |  | 9,664 |  |  | 223,952 |
Income tax expense | 42,118 |  |  | 12,503 |  |  | 2,297 |  |  |  |  | 1,937 |  |  | 58,855 |
Net income | $ | 101,695 |  |  | $ | 47,033 |  |  | $ | 8,642 |  |  |  |  | $ | 7,727 |  |  | $ | 165,097 |
(1) Other expenses for each reportable segment include credit resolution-related expenses, advertising and marketing expenses, amortization of intangible assets, and loan servicing expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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