v3.25.2
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Income Tax Expense Attributable to Income from Operations with Amounts Computed by Applying U.S. Federal Tax Rate to Pretax Income from Continuing Operations

For the Three Months Ended June 30,

For the Six Months Ended June 30, 2025

2025

2024

2025

2024

(in thousands)

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

Provision for income taxes at the statutory rate of 21%

$

32,868

21.0

$

21,694

21.0

$

49,381

21.0

%

$

55,292

21.0

%

Increase (reduction) in taxes resulting from:

Excess tax benefit on share-based compensation

(408)

(0.3)

(422)

(0.4)

(3,159)

(1.4)

%

(2,297)

(0.8)

%

Tax exempt interest income

(163)

(0.1)

(249)

(0.2)

(332)

(0.1)

%

(509)

(0.2)

%

Dividends received deduction

(247)

(0.2)

(234)

(0.2)

(499)

(0.2)

%

(468)

(0.2)

%

Tax credit

(645)

(0.4)

(768)

(0.8)

(1,290)

(0.6)

%

(1,536)

(0.6)

%

ESOP dividends paid deduction

(159)

(0.1)

(151)

(0.2)

(308)

(0.1)

%

(290)

(0.1)

%

Nondeductible expenses

889

0.6

946

0.9

1,566

0.7

%

1,659

0.6

%

Other items, net

44

0.1

495

0.5

2,237

0.9

%

1,551

0.6

%

Total tax expense

$

32,179

20.6

$

21,311

20.6

$

47,596

20.2

%

$

53,402

20.3

%