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Parent Company Only Condensed Financial Statements
12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Condensed Financial Statements PARENT COMPANY ONLY CONDENSED FINANCIAL STATEMENTS
Condensed Balance Sheets
December 31,
($ in thousands)20252024
Assets
Cash$145,359 $123,956 
Investment in Bank2,006,842 1,824,550 
Investment in nonbank subsidiaries13,795 8,717 
Other assets28,295 26,664 
   Total assets$2,194,291 $1,983,887 
Liabilities and Stockholders’ Equity
Subordinated debentures and notes$93,688 $156,551 
Notes payable58,732 — 
Accounts payable and other liabilities2,485 3,334 
Stockholders' equity2,039,386 1,824,002 
   Total liabilities and stockholders' equity$2,194,291 $1,983,887 



Condensed Statements of Income
Year ended December 31,
($ in thousands)202520242023
Income:
Dividends from Bank$100,000 $115,000 $45,000 
Dividends from nonbank subsidiaries1,500 720 4,875 
Other4,257 3,959 7,736 
Total income105,757 119,679 57,611 
Expenses:
Interest expense10,926 10,671 10,856 
Other expenses9,523 9,246 8,774 
Total expenses20,449 19,917 19,630 
Income before taxes and equity in undistributed earnings of subsidiaries85,308 99,762 37,981 
Income tax benefit2,652 3,530 2,520 
Net income before equity in undistributed earnings of subsidiaries87,960 103,292 40,501 
Equity in undistributed earnings of subsidiaries113,414 81,974 153,558 
Net income $201,374 $185,266 $194,059 
Condensed Statements of Cash Flows
Year ended December 31,
($ in thousands)202520242023
Cash flows from operating activities:
Net income$201,374 $185,266 $194,059 
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation2,088 1,675 4,439 
Net income of subsidiaries(214,915)(197,694)(203,433)
Dividends from subsidiaries101,500 115,720 49,875 
Other, net(2,288)(1,020)(421)
Net cash provided by operating activities87,759 103,947 44,519 
Cash flows from investing activities:
Cash proceeds from subsidiaries— 2,188 — 
Purchases of other investments(1,186)(1,216)(1,002)
Proceeds from distributions on other investments960 2,549 3,314 
Net cash provided by (used in) investing activities(226)3,521 2,312 
Cash flows from financing activities:
Paydown of subordinated debentures(63,250)— — 
Proceeds from issuance of long-term debt63,250 — — 
Repayment of long-term debt(4,518)(11,429)(5,714)
Dividends paid on common stock(45,093)(39,550)(37,368)
Repurchase of common stock(14,145)(29,641)— 
Dividends paid on preferred stock(3,750)(3,750)(3,750)
Other1,376 440 1,401 
Net cash used in financing activities(66,130)(83,930)(45,431)
Net increase in cash and cash equivalents21,403 23,538 1,400 
Cash and cash equivalents, beginning of year123,956 100,418 99,018 
Cash and cash equivalents, end of year$145,359 $123,956 $100,418