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PARENT COMPANY FINANCIALS ONLY (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets | BALANCE SHEETS
| December 31
| 2024 |  | 2023
| (Dollars in thousands)
Assets |
Cash (1) | $ | 110,097 |  |  | $ | 108,788 |
Investments in subsidiaries (2) | 2,967,786 |  |  | 2,922,698 |
Prepaid income taxes | 2,309 |  |  | 2,488 |
Deferred tax asset | 430 |  |  | 429 |
Total assets | $ | 3,080,622 |  |  | $ | 3,034,403 |
Liabilities and stockholders’ equity |  |  |
Dividends payable | $ | 24,225 |  |  | $ | 23,580 |
Junior subordinated debentures (less unamortized debt issuance costs of $28 and $30) | 62,860 |  |  | 62,858 |
Subordinated debentures (less unamortized debt issuance costs of $20) | — |  |  | 49,980 |
Other liabilities | 417 |  |  | 2,734 |
Total liabilities | 87,502 |  |  | 139,152 |
Stockholders’ equity | 2,993,120 |  |  | 2,895,251 |
Total liabilities and stockholders’ equity | $ | 3,080,622 |  |  | $ | 3,034,403 |
(1)Entire balance eliminates in consolidation. (2)Majority of balance eliminates in consolidation
Schedule of Condensed Statements of Income | STATEMENTS OF INCOME
| Years Ended December 31
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
Income |
Dividends received from subsidiaries (1) | $ | 183,961 |  |  | $ | 229,046 |  |  | $ | 209,257 |
Total income | 183,961 |  |  | 229,046 |  |  | 209,257 |
Expenses |  |  |  |  |
Interest expense | 5,014 |  |  | 6,829 |  |  | 4,626 |
Other expenses | 2,891 |  |  | 3,156 |  |  | 1,680 |
Total expenses | 7,905 |  |  | 9,985 |  |  | 6,306 |
Income before income taxes and equity in undistributed income of subsidiaries | 176,056 |  |  | 219,061 |  |  | 202,951 |
Income tax benefit | (2,280) |  |  | (2,785) |  |  | (1,731) |
Income of parent company | 178,336 |  |  | 221,846 |  |  | 204,682 |
Equity in undistributed income of subsidiaries | 13,745 |  |  | 17,656 |  |  | 59,131 |
Net income | $ | 192,081 |  |  | $ | 239,502 |  |  | $ | 263,813 |
(1)Majority of balance eliminated in consolidation.
Schedule of Condensed Statements of Cash Flows | STATEMENTS OF CASH FLOWS
| Years Ended December 31
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
Cash flows from operating activities |
Net income | $ | 192,081 |  |  | $ | 239,502 |  |  | $ | 263,813 |
Adjustments to reconcile net income to cash provided by operating activities |  |  |  |  |
Amortization | 22 |  |  | 98 |  |  | 96 |
Deferred income tax (benefit) expense | (1) |  |  | 24 |  |  | 28 |
Change in prepaid income taxes and other assets | 179 |  |  | 2,107 |  |  | (623) |
Change in other liabilities | (2,560) |  |  | 52 |  |  | 143 |
Equity in undistributed income of subsidiaries | (13,745) |  |  | (17,656) |  |  | (59,131) |
Net cash provided by operating activities | 175,976 |  |  | 224,127 |  |  | 204,326 |
Cash flows used in financing activities |  |  |  |  |
Repayments of long-term debt, net of issuance costs | — |  |  | — |  |  | (14,063) |
Repayments of subordinated debentures, net of issuance costs | (50,000) |  |  | — |  |  | — |
Restricted stock awards issued, net of awards surrendered | (815) |  |  | (1,142) |  |  | (1,084) |
Net proceeds from exercise of stock options | 80 |  |  | 80 |  |  | — |
Proceeds from shares issued under direct stock purchase plan | 3,254 |  |  | 2,662 |  |  | 2,359 |
Payments for shares repurchased under share repurchase programs | (30,986) |  |  | (188,910) |  |  | (139,946) |
Common dividends paid | (96,200) |  |  | (98,006) |  |  | (93,734) |
Net cash used in financing activities | (174,667) |  |  | (285,316) |  |  | (246,468) |
Net increase (decrease) in cash and cash equivalents | 1,309 |  |  | (61,189) |  |  | (42,142) |
Cash and cash equivalents at the beginning of the year | 108,788 |  |  | 169,977 |  |  | 212,119 |
Cash and cash equivalents at the end of the year | $ | 110,097 |  |  | $ | 108,788 |  |  | $ | 169,977 |

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