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Condensed Financial Information - Parent Company Only
12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Statements - Parent Company Only
NOTE 22 - CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY

CONDENSED BALANCE SHEETS
 December 31,
 20242023
(dollars in thousands)
ASSETS
Cash and cash equivalents$78,566 $171,433 
Other assets68,375 62,500 
Receivable from subsidiaries126,430 276,215 
Investments in:
Bank subsidiary3,309,613 2,794,106 
Non-bank subsidiaries47,666 42,496 
Total Assets$3,630,650 $3,346,750 
LIABILITIES AND EQUITY
Senior and subordinated debt$367,316 $535,384 
Other liabilities66,009 51,227 
Total Liabilities433,325 586,611 
Shareholders' equity3,197,325 2,760,139 
Total Liabilities and Shareholders' Equity$3,630,650 $3,346,750 
CONDENSED STATEMENTS OF INCOME 
202420232022
 (dollars in thousands)
Income:
Dividends from subsidiaries$75,000 $300,000 $207,000 
Other2,237 794 725 
77,237 300,794 207,725 
Expenses42,572 37,448 51,887 
Income before income taxes and equity in undistributed net income of subsidiaries34,665 263,346 155,838 
Income tax benefit(9,070)(7,861)(12,331)
43,735 271,207 168,169 
Equity in undistributed net income (loss) of:
Bank subsidiaries239,677 8,932 121,388 
Non-bank subsidiaries5,331 4,141 (2,576)
Net Income288,743 284,280 286,981 
 Preferred stock dividends(10,248)(10,248)(10,248)
Net Income Available to Common Shareholders$278,495 $274,032 $276,733 
CONDENSED STATEMENTS OF CASH FLOWS
202420232022
 (dollars in thousands)
Cash Flows From Operating Activities:
Net Income$288,743 $284,280 $286,981 
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of issuance costs and discount of long-term debt710 750 724 
Stock-based compensation10,516 12,540 14,000 
Net change in other assets(83,081)(37,591)44,790 
Equity in undistributed net (income) loss of subsidiaries(245,009)(13,073)(120,213)
Net change in other liabilities and payables to non-bank subsidiaries(4,504)(50,047)(198,349)
Total adjustments(321,368)(87,421)(259,048)
Net cash (used in) provided by operating activities(32,625)196,859 27,933 
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(168,778)(5,000)(81,496)
Net proceeds from common stock270,582 3,160 7,876 
Dividends paid(131,698)(115,738)(116,009)
Acquisition of treasury stock(30,348)(77,056)— 
Net cash used in financing activities(60,242)(194,634)(189,629)
Net (decrease) increase in Cash and Cash Equivalents(92,867)2,225 (183,507)
Cash and Cash Equivalents at Beginning of Year171,433 169,208 352,715 
Cash and Cash Equivalents at End of Year$78,566 $171,433 $169,208