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Condensed Financial Information - Parent Company Only (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information Parent Only | CONDENSED BALANCE SHEETS
| December 31,
| 2023 |  | 2022
| (dollars in thousands)
ASSETS |  |  |
Cash and cash equivalents | $ | 171,433 |  |  | $ | 169,208 |
Other assets | 62,500 |  |  | 58,497 |
Receivable from subsidiaries | 276,215 |  |  | 194,869 |
Investments in: |  |  |
Bank subsidiary | 2,794,106 |  |  | 2,708,663 |
Non-bank subsidiaries | 42,496 |  |  | 38,348 |
Total Assets | $ | 3,346,750 |  |  | $ | 3,169,585 |
LIABILITIES AND EQUITY |  |  |
Senior and subordinated debt | $ | 535,384 |  |  | $ | 539,634 |
Other liabilities | 51,227 |  |  | 50,194 |
Total Liabilities | 586,611 |  |  | 589,828 |
Shareholders' equity | 2,760,139 |  |  | 2,579,757 |
Total Liabilities and Shareholders' Equity | $ | 3,346,750 |  |  | $ | 3,169,585 |
CONDENSED STATEMENTS OF INCOME
| 2023 |  | 2022 |  | 2021
| (dollars in thousands)
Income: |  |  |  |  |
Dividends from subsidiaries | $ | 300,000 |  |  | $ | 207,000 |  |  | $ | 469,339 |
Other | 794 |  |  | 725 |  |  | 258 |
| 300,794 |  |  | 207,725 |  |  | 469,597 |
Expenses | 37,448 |  |  | 51,887 |  |  | 58,527 |
Income before income taxes and equity in undistributed net income of subsidiaries | 263,346 |  |  | 155,838 |  |  | 411,070 |
Income tax benefit | (7,861) |  |  | (12,331) |  |  | (12,516) |
| 271,207 |  |  | 168,169 |  |  | 423,586 |
Equity in undistributed net income (loss) of: |  |  |  |  |
Bank subsidiaries | 8,932 |  |  | 121,388 |  |  | (133,157) |
Non-bank subsidiaries | 4,141 |  |  | (2,576) |  |  | (14,932) |
Net Income | 284,280 |  |  | 286,981 |  |  | 275,497 |
Preferred stock dividends | (10,248) |  |  | (10,248) |  |  | (10,277) |
Net Income Available to Common Shareholders | $ | 274,032 |  |  | $ | 276,733 |  |  | $ | 265,220 |
CONDENSED STATEMENTS OF CASH FLOWS
| 2023 |  | 2022 |  | 2021
| (dollars in thousands)
Cash Flows From Operating Activities: |  |  |  |  |
Net Income | $ | 284,280 |  |  | $ | 286,981 |  |  | $ | 275,497 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Amortization of issuance costs and discount of long-term debt | 750 |  |  | 724 |  |  | 1,846 |
Stock-based compensation | 12,540 |  |  | 14,000 |  |  | 8,402 |
Net change in other assets | (37,591) |  |  | 44,790 |  |  | 119,822 |
Equity in undistributed net (income) loss of subsidiaries | (13,073) |  |  | (120,213) |  |  | 148,091 |
Write-off of unamortized costs on trust preferred securities | — |  |  | — |  |  | 12,390 |
Net change in other liabilities and payable to non-bank subsidiaries | (50,047) |  |  | (198,349) |  |  | 78,716 |
Total adjustments | (87,421) |  |  | (259,048) |  |  | 369,267 |
Net cash provided by operating activities | 196,859 |  |  | 27,933 |  |  | 644,764 |
Cash Flows From Investing Activities |  |  |  |  |
Net cash paid for acquisition | — |  |  | (21,811) |  |  | — |
Net cash used in investing activities | — |  |  | (21,811) |  |  | — |
Cash Flows From Financing Activities: |  |  |  |  |
Repayments of long-term borrowings | (5,000) |  |  | (81,496) |  |  | (153,612) |
Net proceeds from issuance of common stock | 3,160 |  |  | 7,876 |  |  | 7,437 |
Dividends paid | (115,738) |  |  | (116,009) |  |  | (112,028) |
Acquisition of treasury stock | (77,056) |  |  | — |  |  | (43,909) |
Net cash used in financing activities | (194,634) |  |  | (189,629) |  |  | (302,112) |
Net increase (decrease) in Cash and Cash Equivalents | 2,225 |  |  | (183,507) |  |  | 342,652 |
Cash and Cash Equivalents at Beginning of Year | 169,208 |  |  | 352,715 |  |  | 10,063 |
Cash and Cash Equivalents at End of Year | $ | 171,433 |  |  | $ | 169,208 |  |  | $ | 352,715 |

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