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Condensed Financial Statements of Parent Company (Tables)
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Summary of Condensed Balance Sheets of Parent Company
Balance Sheets
December 31,
(amounts in thousands)20232022
Assets
Cash in bank subsidiary$113,950 $72,853 
Investment securities (1)
24,429 22,670 
Investments in and receivables due from bank subsidiary1,707,832 1,502,917 
Other assets285 2,745 
Total assets$1,846,496 $1,601,185 
Liabilities and Shareholders’ equity
Borrowings$196,606 $196,165 
Other liabilities11,496 2,059 
Total liabilities208,102 198,224 
Shareholders’ equity1,638,394 1,402,961 
Total Liabilities and Shareholders’ Equity$1,846,496 $1,601,185 
(1)    Includes perpetual preferred stock issued by domestic banks or bank holding companies and equity securities issued by fintech companies, without a readily determinable fair value, at December 31, 2023 and 2022. No impairments or measurement adjustments have been recorded on the equity securities without a readily determinable fair value since acquisition.
Summary of Condensed Income Statements of Parent Company
Income and Comprehensive Income Statements
For the Years Ended December 31,
(amounts in thousands)202320222021
Operating income:
Dividends from bank subsidiary$90,000 $52,000 $172,982 
Loss on sale of foreign subsidiaries— — (2,809)
Other1,643 1,264 — 
Total operating income91,643 53,264 170,173 
Operating expense:
Interest8,459 10,657 10,879 
Other2,251 3,410 3,121 
Total operating expense10,710 14,067 14,000 
Income before taxes and undistributed income of subsidiaries80,933 39,197 156,173 
Income tax benefit2,026 2,819 6,964 
Income before undistributed income of subsidiaries82,959 42,016 163,137 
Equity in undistributed income of subsidiaries167,184 186,018 151,510 
Net income250,143 228,034 314,647 
Preferred stock dividends14,695 9,632 11,693 
Loss on redemption of preferred stock— — 2,820 
Net income available to common shareholders235,448 218,402 300,134 
Comprehensive income$276,670 $69,918 $315,431 
Summary of Condensed Statements of Cash Flows of Parent Company
Statements of Cash Flows
For the Years Ended December 31,
(amounts in thousands)202320222021
Cash Flows from Operating Activities
Net income$250,143 $228,034 $314,647 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed earnings of subsidiaries, net of dividends received from Bank(167,184)(186,018)(151,510)
Distribution of investment in BM Technologies common stock from Bank— — (32,983)
Loss on sale of foreign subsidiaries— — 2,840 
(Increase) decrease in other assets2,023 4,328 (5,100)
Increase (decrease) in other liabilities10,802 680 1,054 
Net Cash Provided By (Used in) Operating Activities95,784 47,024 128,948 
Cash Flows from Investing Activities
Purchases of investment securities(1,831)`(2,095)(20,575)
Payments for investments in and advances to subsidiaries— — (50,010)
Proceeds from sales of foreign subsidiaries— — 3,765 
Other, net72 — — 
Net Cash Provided By (Used in) Investing Activities(1,759)(2,095)(66,820)
Cash Flows from Financing Activities
Proceeds from issuance of common stock3,947 2,720 27,762 
Proceed from issuance of other long-term borrowings— — 98,799 
Repayments of other borrowings— (100,000)— 
Redemption of preferred stock— — (82,497)
Preferred stock dividends paid(14,636)(9,326)(10,833)
Purchase of treasury stock(39,806)(33,162)(27,662)
Payments of employee taxes withheld from share-based awards(2,433)(5,063)(5,568)
Net Cash Provided by (Used in) Financing Activities(52,928)(144,831)1 
Net Increase (Decrease) in Cash and Cash Equivalents41,097 (99,902)62,129 
Cash and Cash Equivalents - Beginning Balance72,853 172,755 110,626 
Cash and Cash Equivalents - Ending Balance$113,950 $72,853 $172,755 
Non-cash Investing and Financing Activities:
Distribution of investment in BM Technologies common stock$— $— $32,983