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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present assets and liabilities measured at fair value on a recurring basis at the dates indicated (in thousands):

			June 30, 2025
			Level 1						Level 2						Total
Investment securities available for sale:
U.S. Treasury securities			$	142,569					$	—					$	142,569
U.S. Government agency and sponsored enterprise residential MBS			—						2,712,538						2,712,538
U.S. Government agency and sponsored enterprise commercial MBS			—						500,325						500,325
Private label residential MBS and CMOs			—						2,361,504						2,361,504
Private label commercial MBS			—						2,095,039						2,095,039
Single family real estate-backed securities			—						203,353						203,353
Collateralized loan obligations			—						1,118,831						1,118,831
Non-mortgage asset-backed securities			—						89,790						89,790
State and municipal obligations			—						103,874						103,874
SBA securities			—						64,569						64,569
Marketable equity securities			8,679						—						8,679
Derivative assets			—						92,108						92,108
Total assets at fair value			$	151,248					$	9,341,931					$	9,493,179
Derivative liabilities			$	—					$	(85,573)					$	(85,573)
Total liabilities at fair value			$	—					$	(85,573)					$	(85,573)

			December 31, 2024
			Level 1						Level 2						Total
Investment securities available for sale:
U.S. Treasury securities			$	202,952					$	—					$	202,952
U.S. Government agency and sponsored enterprise residential MBS			—						2,649,690						2,649,690
U.S. Government agency and sponsored enterprise commercial MBS			—						495,753						495,753
Private label residential MBS and CMOs			—						2,238,046						2,238,046
Private label commercial MBS			—						1,784,029						1,784,029
Single family real estate-backed securities			—						327,081						327,081
Collateralized loan obligations			—						1,132,699						1,132,699
Non-mortgage asset-backed securities			—						94,454						94,454
State and municipal obligations			—						104,010						104,010
SBA securities			—						72,702						72,702
Marketable equity securities			28,828						—						28,828
Derivative assets			—						85,132						85,132
Total assets at fair value			$	231,780					$	8,983,596					$	9,215,376
Derivative liabilities			$	—					$	(85,899)					$	(85,899)
Total liabilities at fair value			$	—					$	(85,899)					$	(85,899)

Schedule of Assets for Which Nonrecurring Changes in Fair Value have been Recorded

The following table presents the net carrying value of assets classified within level 3 of the fair value hierarchy at the dates indicated, for which non-recurring changes in fair value were recorded during the period then ended (in thousands):

			June 30, 2025						December 31, 2024
Collateral dependent loans			$	159,773					$	165,951
OREO			413						2,577
			$	160,186					$	168,528

Schedule of the Carrying Value and Fair Value of Financial Instruments

The following table presents the carrying value and fair value of financial instruments and the level within the fair value hierarchy in which those measurements are classified at the dates indicated (dollars in thousands):

									June 30, 2025												December 31, 2024
			Level						Carrying Value						Fair Value						Carrying Value						Fair Value
Assets:
Cash and cash equivalents			1						$	801,294					$	801,294					$	491,116					$	491,116
Investment securities			1/2						$	9,401,071					$	9,401,071					$	9,130,244					$	9,130,244
Non-marketable equity securities			2						$	174,234					$	174,234					$	206,297					$	206,297
Loans, net			3						$	23,710,797					$	22,737,419					$	24,074,827					$	23,053,011
Derivative assets			2						$	92,108					$	92,108					$	85,132					$	85,132
Liabilities:
Demand, savings and money market deposits			2						$	24,867,707					$	24,867,707					$	23,564,414					$	23,564,414
Time deposits			2						$	3,778,234					$	3,764,013					$	4,301,289					$	4,279,475
FHLB advances			2						$	2,255,000					$	2,255,007					$	2,930,000					$	2,929,896
Notes and other borrowings			2						$	708,937					$	703,480					$	708,553					$	695,457
Derivative liabilities			2						$	85,573					$	85,573					$	85,899					$	85,899

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-13

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
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-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
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-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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