XML 54 R39.htm IDEA: XBRL DOCUMENT v3.25.3

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes is comprised of the following components for the periods indicated below:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2025						2024						2025						2024
Income taxes currently payable			$	3,110					$	2,777					$	20,538					$	16,137
Deferred income taxes			(163,842)						(2,016)						(166,587)						(3,254)
Provision for income taxes			$	(160,732)					$	761					$	(146,049)					$	12,883

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts that give rise to deferred income tax assets and liabilities, and their approximate tax effects, are as follows: 

			September 30,						December 31,
(In thousands)			2025						2024
Deferred tax assets:
Loans acquired			$	1,418					$	2,141
Allowance for credit losses			60,528						55,196
Valuation of foreclosed assets			375						374
Tax NOLs from acquisition			6,766						9,945
Deferred compensation payable			3,952						3,989
Accrued equity and other compensation			9,656						9,323
Acquired securities			7,526						7,504
Capitalized intangibles			110,212						—
Right-of-use lease liability			14,709						16,416
Unrealized loss on AFS securities			153,096						128,873
Allowance for unfunded commitments			6,087						6,069
Other			6,189						7,163
Gross deferred tax assets			380,514						246,993
Deferred tax liabilities:
Goodwill and other intangible amortization			(36,759)						(38,139)
Accumulated depreciation			(23,357)						(24,489)
Right-of-use lease asset			(14,169)						(15,920)
Unrealized gain on swaps			(15,928)						(25,174)
Deferred loan fees and costs			—						(2,075)
Other			(7,578)						(11,193)
Gross deferred tax liabilities			(97,791)						(116,990)
Net deferred tax asset			$	282,723					$	130,003

Schedule of Reconciliation of Income Tax Expense

A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown for the periods indicated below:

			Three Months Ended September 30,												Nine Months Ended September 30,
(In thousands)			2025						2024						2025						2024
Computed at the statutory rate (21%)			$	(151,940)					$	5,354					$	(130,553)					$	24,624
Increase (decrease) in taxes resulting from:
State income taxes, net of federal tax benefit			(6,741)						(644)						(6,305)						(1,370)
Discrete items related to share-based compensation			(135)						(14)						(4)						454
Tax exempt interest income			(2,263)						(3,810)						(9,880)						(11,518)
Tax exempt earnings on BOLI			(767)						(755)						(2,317)						(2,376)
Federal tax credits			(637)						(546)						(1,937)						(1,667)
Other differences, net			1,751						1,176						4,947						4,736
Actual tax provision			$	(160,732)					$	761					$	(146,049)					$	12,883

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration