Segment Reporting - Net Income (GAAP) (Details) - USD ($) |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Feb. 28, 2025 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Number of reportable operating segments | 1 | ||||
Net Income (GAAP) | |||||
Interest income | $ 840,504,000 | $ 531,124,000 | $ 1,649,070,000 | $ 1,048,379,000 | |
Interest expense | 262,556,000 | 180,865,000 | 526,575,000 | 354,184,000 | |
Net interest income (a) | 577,948,000 | 350,259,000 | 1,122,495,000 | 694,195,000 | |
Provision for credit losses | 7,505,000 | 3,889,000 | 108,067,000 | 16,575,000 | |
Net interest income after (recovery) provision for credit losses | 570,443,000 | 346,370,000 | 1,014,428,000 | 677,620,000 | |
Total noninterest income | |||||
Securities losses, net | (228,811,000) | ||||
Gain on sale-leaseback, net of transaction costs | $ 229,300,000 | 229,279,000 | |||
Total noninterest income | 86,817,000 | 75,225,000 | 172,905,000 | 146,783,000 | |
Total noninterest expense | |||||
Salaries and employee benefits | 200,162,000 | 151,435,000 | 395,973,000 | 301,888,000 | |
Occupancy expense | 41,507,000 | 22,453,000 | 77,000,000 | 45,030,000 | |
Information services expense | 30,155,000 | 23,144,000 | 61,517,000 | 45,497,000 | |
Professional Fees | 4,658,000 | 3,906,000 | 9,367,000 | 7,021,000 | |
Amortization of intangibles | 24,048,000 | 5,744,000 | 47,879,000 | 11,742,000 | |
FDIC assessment and other regulatory charges | 11,469,000 | 7,771,000 | 22,727,000 | 16,305,000 | |
Merger and branch consolidation related expense | 24,379,000 | 5,785,000 | 92,385,000 | 10,298,000 | |
FDIC special assessment | 619,000 | 4,473,000 | |||
Total noninterest expense | 375,061,000 | 248,747,000 | 783,887,000 | 498,037,000 | |
Income before income tax provision | 282,199,000 | 172,848,000 | 403,446,000 | 326,366,000 | |
Income tax provision | 66,975,000 | 40,478,000 | 99,142,000 | 78,940,000 | |
Net income (GAAP) | 215,224,000 | 132,370,000 | 304,304,000 | 247,426,000 | |
General Banking Unit | |||||
Net Income (GAAP) | |||||
Interest income | 840,504,000 | 531,124,000 | 1,649,070,000 | 1,048,379,000 | |
Interest expense | 262,556,000 | 180,865,000 | 526,575,000 | 354,184,000 | |
Net interest income (a) | 577,948,000 | 350,259,000 | 1,122,495,000 | 694,195,000 | |
Provision for credit losses | 7,505,000 | 3,889,000 | 108,067,000 | 16,575,000 | |
Net interest income after (recovery) provision for credit losses | 570,443,000 | 346,370,000 | 1,014,428,000 | 677,620,000 | |
Total noninterest income | |||||
Securities losses, net | (228,811,000) | ||||
Gain on sale-leaseback, net of transaction costs | 229,279,000 | ||||
Other operating noninterest income | 86,817,000 | 75,225,000 | 172,437,000 | 146,783,000 | |
Total noninterest income | 86,817,000 | 75,225,000 | 172,905,000 | 146,783,000 | |
Total noninterest expense | |||||
Employee salaries | 135,895,000 | 104,725,000 | 271,623,000 | 210,140,000 | |
Employee Commissions | 14,278,000 | 11,122,000 | 25,554,000 | 21,361,000 | |
Employee incentives | 33,623,000 | 26,598,000 | 62,389,000 | 48,351,000 | |
Other salaries and benefits | 36,353,000 | 26,131,000 | 73,318,000 | 54,208,000 | |
Deferred loan costs | (19,987,000) | (17,141,000) | (36,911,000) | (32,172,000) | |
Salaries and employee benefits | 200,162,000 | 151,435,000 | 395,973,000 | 301,888,000 | |
Occupancy expense | 41,507,000 | 22,453,000 | 77,000,000 | 45,030,000 | |
Information services expense | 30,155,000 | 23,144,000 | 61,517,000 | 45,497,000 | |
Professional Fees | 4,658,000 | 3,906,000 | 9,367,000 | 7,021,000 | |
Amortization of intangibles | 24,048,000 | 5,744,000 | 47,879,000 | 11,742,000 | |
Business development and staff related | 7,182,000 | 5,942,000 | 13,692,000 | 11,464,000 | |
FDIC assessment and other regulatory charges | 11,469,000 | 7,771,000 | 22,727,000 | 16,305,000 | |
Merger and branch consolidation related expense | 24,379,000 | 5,785,000 | 92,385,000 | 10,298,000 | |
FDIC special assessment | 619,000 | 4,473,000 | |||
Other operating expense | 31,501,000 | 21,948,000 | 63,347,000 | 44,319,000 | |
Total noninterest expense | 375,061,000 | 248,747,000 | 783,887,000 | 498,037,000 | |
Income before income tax provision | 282,199,000 | 172,848,000 | 403,446,000 | 326,366,000 | |
Income tax provision | 66,975,000 | 40,478,000 | 99,142,000 | 78,940,000 | |
Net income (GAAP) | 215,224,000 | 132,370,000 | 304,304,000 | 247,426,000 | |
Net Interest Margin, Non-Tax Equivalent ("Non-TE") (GAAP) | |||||
Average interest earning assets (b) | $ 57,710,001,000 | $ 41,011,662,000 | $ 57,604,313,000 | $ 40,834,418,000 | |
Net interest margin, non-TE ((a)/(b)) (GAAP) | 4.02% | 3.43% | 3.93% | 3.42% |
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- Definition Net yield on interest-earning assets calculated as difference between total interest earned and total interest paid divided by total interest-earning assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of employee commissions. Excludes commission cost in cost of good and service sold. No definition available.
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) special assessment. No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for integration-related cost incurred in connection with business combination. Includes system integration and conversion costs; severance and other employee-related costs; restructuring and other post-combination costs. Excludes acquisition-related cost incurred to effect business combination; cost to issue debt or equity securities; and cost related to acquisition of asset. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Business development involves the development of products and services, their delivery, design and their implementation. Business development includes a number of techniques designed to grow an economic enterprise. Such techniques include, but are not limited to, assessments of marketing opportunities and target markets, intelligence gathering on customers and competitors, generating leads for possible sales, follow-up sales activity, formal proposal writing and business model design. Business development involves evaluating a business and then realizing its full potential, using such tools as marketing, sales, information management and customer service. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Other employee benefit expense includes, but is not limited to, service component of net periodic benefit cost for defined benefit plan. Excludes compensation cost in cost of good and service sold. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of realized gain (loss) on investment in debt and equity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The compensation expense recognized during the period pertaining to the deferred compensation arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Average amount outstanding of interest-earning assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of labor-related expenses classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer and officer employees. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. No definition available.
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- Definition Amount of gain (loss) on sale and leaseback transaction from transfer of asset accounted for as sale. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Details
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