Condensed Financial Information-Parent Only (Tables)

12 Months Ended

Dec. 31, 2025


	December 31,
	2025		2024
		(Dollars in thousands)
Assets
Cash and due from banks	$	10,608	$	10,650
Investment in subsidiaries		870,023		871,388
Other assets		27,655		21,107
Total assets	$	908,286	$	903,145

Liabilities and stockholders' equity
Other liabilities	$	8,836	$	3,747
Senior debt		196,253		96,214
Subordinated debentures		13,401		13,401
Shareholders' equity		689,796		789,783
Total liabilities and stockholders' equity	$	908,286	$	903,145


	For the year ended December 31,
	2025		2024		2023
		(Dollars in thousands)
Income
Dividend income from subsidiary	$	282,000	$	259,000	$	100,000
Other income		—		34		329
Total income		282,000		259,034		100,329

Expense
Interest on subordinated debentures		1,020		1,155		1,121
Interest on senior debt		8,805		4,935		5,027
Non-interest expense		20,488		15,701		12,589
Total expense		30,313		21,791		18,737
Income tax benefit		(6,367)		(4,568)		(3,864)
Equity in undistributed (loss) income of subsidiaries		(29,841)		(24,271)		106,840
Net income available to common shareholders	$	228,213	$	217,540	$	192,296



	Year ended December 31,
	2025		2024		2023
		(Dollars in thousands)
Operating activities
Net income	$	228,213	$	217,540	$	192,296
Net amortization of investment securities discounts/premiums		507		355		82
Increase in other assets		(6,548)		(4,557)		(3,534)
Increase (decrease) in other liabilities		5,089		1,515		(45)
Stock based compensation expense		19,604		14,983		11,392
Equity in undistributed loss (income)		29,841		24,271		(106,840)
Net cash used in operating activities		276,706		254,107		93,351

Financing activities
Proceeds from the exercise of common stock options		2,061		—		104
Proceeds of senior debt offering, net		195,953		—		(3,273)
Redemption of senior debt maturity		(96,421)		—		—
Repurchases of common stock		(378,341)		(252,352)		(99,999)
Net cash used in financing activities		(276,748)		(252,352)		(103,168)
Net decrease in cash and cash equivalents		(42)		1,755		(9,817)
Cash and cash equivalents, beginning of year		10,650		8,895		18,712
Cash and cash equivalents, end of year	$	10,608	$	10,650	$	8,895