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Condensed Financial Information - Parent Company Only (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information Parent Only | CONDENSED BALANCE SHEETS
| December 31,
| 2022 |  | 2021
| (dollars in thousands)
ASSETS |  |  |
Cash and cash equivalents | $ | 169,208 |  |  | $ | 352,715 |
Other assets | 58,497 |  |  | 25,888 |
Receivable from subsidiaries | 194,869 |  |  | 50,822 |
Investments in: |  |  |
Bank subsidiary | 2,708,663 |  |  | 2,872,274 |
Non-bank subsidiaries | 38,348 |  |  | 188,171 |
Total Assets | $ | 3,169,585 |  |  | $ | 3,489,870 |
LIABILITIES AND EQUITY |  |  |
Senior and subordinated debt | $ | 539,634 |  |  | $ | 620,406 |
Payable to non-bank subsidiaries | — |  |  | 78,793 |
Other liabilities | 50,194 |  |  | 77,991 |
Total Liabilities | 589,828 |  |  | 777,190 |
Shareholders' equity | 2,579,757 |  |  | 2,712,680 |
Total Liabilities and Shareholders' Equity | $ | 3,169,585 |  |  | $ | 3,489,870 |
CONDENSED STATEMENTS OF INCOME
| 2022 |  | 2021 |  | 2020
| (dollars in thousands)
Income: |  |  |  |  |
Dividends from subsidiaries | $ | 207,000 |  |  | $ | 469,339 |  |  | $ | 161,000 |
Other | 725 |  |  | 258 |  |  | 100 |
| 207,725 |  |  | 469,597 |  |  | 161,100 |
Expenses | 51,887 |  |  | 58,527 |  |  | 48,634 |
Income before income taxes and equity in undistributed net income of subsidiaries | 155,838 |  |  | 411,070 |  |  | 112,466 |
Income tax benefit | (12,331) |  |  | (12,516) |  |  | (9,679) |
| 168,169 |  |  | 423,586 |  |  | 122,145 |
Equity in undistributed net income (loss) of: |  |  |  |  |
Bank subsidiary | 121,388 |  |  | (133,157) |  |  | 162,037 |
Non-bank subsidiaries | (2,576) |  |  | (14,932) |  |  | (106,142) |
Net Income | 286,981 |  |  | 275,497 |  |  | 178,040 |
Preferred stock dividends | (10,248) |  |  | (10,277) |  |  | (2,135) |
Net Income Available to Common Shareholders | $ | 276,733 |  |  | $ | 265,220 |  |  | $ | 175,905 |
CONDENSED STATEMENTS OF CASH FLOWS
| 2022 |  | 2021 |  | 2020
| (dollars in thousands)
Cash Flows From Operating Activities: |  |  |  |  |
Net income | $ | 286,981 |  |  | $ | 275,497 |  |  | $ | 178,040 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Amortization of issuance costs and discount of long-term debt | 724 |  |  | 1,846 |  |  | 1,128 |
Stock-based compensation | 14,000 |  |  | 8,402 |  |  | 7,529 |
Decrease (increase) in other assets | 44,790 |  |  | 119,822 |  |  | (307,976) |
Equity in undistributed net (income) loss of subsidiaries | (120,213) |  |  | 148,091 |  |  | (55,895) |
Write-off of unamortized costs on trust preferred securities | — |  |  | 12,390 |  |  | — |
Increase (decrease) in other liabilities and payable to non-bank subsidiaries | (198,349) |  |  | 78,716 |  |  | (244,598) |
Total adjustments | (259,048) |  |  | 369,267 |  |  | (599,812) |
Net cash provided by (used in) operating activities | 27,933 |  |  | 644,764 |  |  | (421,772) |
Cash Flows From Investing Activities |  |  |  |  |
Net cash paid for acquisition | (21,811) |  |  | — |  |  | — |
Net cash provided by (used in) investing activities | (21,811) |  |  | — |  |  | — |
Cash Flows From Financing Activities: |  |  |  |  |
Repayments of long-term borrowings | (81,496) |  |  | (153,612) |  |  | (19,453) |
Additions to long-term borrowings | — |  |  | — |  |  | 370,898 |
Net proceeds from issuance of preferred stock | — |  |  | — |  |  | 192,878 |
Net proceeds from issuance of common stock | 7,876 |  |  | 7,437 |  |  | 7,375 |
Dividends paid | (116,009) |  |  | (112,028) |  |  | (90,956) |
Acquisition of treasury stock | — |  |  | (43,909) |  |  | (39,748) |
Net cash provided by (used in) financing activities | (189,629) |  |  | (302,112) |  |  | 420,994 |
Net increase (decrease) in Cash and Cash Equivalents | (183,507) |  |  | 342,652 |  |  | (778) |
Cash and Cash Equivalents at Beginning of Year | 352,715 |  |  | 10,063 |  |  | 10,841 |
Cash and Cash Equivalents at End of Year | $ | 169,208 |  |  | $ | 352,715 |  |  | $ | 10,063 |

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