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Parent Company Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Parent Company Balance Sheet | Balance Sheets
| December 31,
($ in thousands) | 2024 | 2023
Assets |  |
Cash and due from banks | $ | 36,158 |  | $ | 22,473 |
Interest-bearing deposits in other financial institutions | 212,943 |  | 20,428 |
Notes and interest receivable from subsidiaries | 710,126 |  | 562,640 |
Investments in and receivable due from subsidiaries | 4,455,525 |  | 4,080,536 |
Other assets | 57,649 |  | 48,589 |
Total assets | $ | 5,472,402 |  | $ | 4,734,666 |
Liabilities and Stockholders' Equity |  |
Senior notes, at par | $ | 300,000 |  | $ | — |
Subordinated notes, at par | 550,000 |  | 550,000 |
Long-term funding capitalized costs and fair value hedge liability | (12,660) |  | (9,114) |
Total long-term funding | 837,340 |  | 540,886 |
Accrued expenses and other liabilities | 29,500 |  | 19,807 |
Total liabilities | 866,841 |  | 560,693 |
Preferred equity | 194,112 |  | 194,112 |
Common equity | 4,411,450 |  | 3,979,861 |
Total stockholders’ equity | 4,605,562 |  | 4,173,973 |
Total liabilities and stockholders’ equity | $ | 5,472,402 |  | $ | 4,734,666 |
Parent Company Income Statement | Statements of Income
| For the Years Ended December 31,
($ in thousands) | 2024 | 2023 | 2022
Income |  |  |
Income from subsidiaries | $ | 129,224 |  | $ | 192,559 |  | $ | 373,581 |
Interest income on notes receivable from subsidiaries | 42,834 |  | 30,363 |  | 5,632 |
Other income | 1,310 |  | 1,175 |  | 1,262 |
Total income | 173,368 |  | 224,097 |  | 380,475 |
Expense |  |  |
Interest expense on short and long-term funding | 45,781 |  | 36,081 |  | 10,655 |
Other expense | 6,727 |  | 7,352 |  | 6,118 |
Total expense | 52,508 |  | 43,434 |  | 16,772 |
Income before income tax expense | 120,860 |  | 180,663 |  | 363,702 |
Income tax (benefit) | (2,286) |  | (2,292) |  | (2,420) |
Net income | 123,145 |  | 182,956 |  | 366,122 |
Preferred stock dividends | 11,500 |  | 11,500 |  | 11,500 |
Net income available to common equity | $ | 111,645 |  | $ | 171,456 |  | $ | 354,622 |
Parent Company Statement of Cash Flows | Statements of Cash Flows
| For the Years Ended December 31,
($ in thousands) | 2024 | 2023 | 2022
Cash Flows from Operating Activities |  |  |
Net income | $ | 123,145 |  | $ | 182,956 |  | $ | 366,122 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Decrease (increase) in equity in undistributed net income (loss) of subsidiaries | 55,776 |  | 107,441 |  | (343,582) |
Net change in other assets and accrued expenses and other liabilities | 12,059 |  | (35,863) |  | 14,159 |
Net cash provided by operating activities | 190,980 |  | 254,534 |  | 36,699 |
Cash Flows from Investing Activities |  |  |
Net (increase) in investment in subsidiary | (331,023) |  | — |  | — |
Net (increase) decrease in notes receivable from subsidiaries | (145,000) |  | (385,000) |  | 115,000 |
Net cash (used in) provided by investing activities | (476,023) |  | (385,000) |  | 115,000 |
Cash Flows from Financing Activities |  |  |
Net (decrease) in commercial paper | — |  | (20,798) |  | (13,932) |
Proceeds from issuance of long-term funding | 297,864 |  | 292,740 |  | — |
Proceeds from issuance of common stock | 331,023 |  | — |  | — |
Proceeds from issuance of common stock for stock-based compensation plans | 37,576 |  | 4,297 |  | 11,061 |
Purchase of treasury stock, open market purchases | (18,289) |  | — |  | — |
Purchase of treasury stock, stock-based compensation plans | (6,234) |  | (6,593) |  | (6,480) |
Cash dividends on common stock | (139,197) |  | (129,534) |  | (123,137) |
Cash dividends on preferred stock | (11,500) |  | (11,500) |  | (11,500) |
Other | — |  | — |  | (938) |
Net cash provided by (used in) financing activities | 491,243 |  | 128,612 |  | (144,928) |
Net increase (decrease) in cash and cash equivalents | 206,200 |  | (1,854) |  | 6,771 |
Cash and cash equivalents at beginning of year | 42,901 |  | 44,755 |  | 37,984 |
Cash and cash equivalents at end of year | $ | 249,101 |  | $ | 42,901 |  | $ | 44,755 |

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