2023 Q3 Form 10-Q Financial Statement

#000001834923000134 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $196.8M $260.6M
YoY Change -31.73% 8.32%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.70M $21.77M
YoY Change 32.63% 120.06%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $342.9M $303.6M
YoY Change 367.27% 969.66%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $124.2M $221.7M
YoY Change -52.71% -2.71%
Income Tax $27.73M $47.80M
% Of Pretax Income 22.33% 21.56%
Net Earnings $97.10M $165.8M
YoY Change -52.18% -6.87%
Net Earnings / Revenue 49.35% 63.62%
Basic Earnings Per Share $0.60 $1.13
Diluted Earnings Per Share $0.60 $1.13
COMMON SHARES
Basic Shares Outstanding 146.2M shares 146.1M shares
Diluted Shares Outstanding 146.7M shares 146.6M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.138B $2.054B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $364.1M $365.4M
YoY Change -3.39% -4.6%
Goodwill $479.9M $475.6M
YoY Change 6.07% 5.12%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $59.34B $60.66B
YoY Change 1.2% 5.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.6M $84.85M
YoY Change -58.11% -75.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $100.6M $84.85M
YoY Change -58.11% -75.42%
LONG-TERM LIABILITIES
Long-Term Debt $2.705B $4.021B
YoY Change -39.01% 122.9%
Other Long-Term Liabilities $1.772B $1.661B
YoY Change -13.03% 2.91%
Total Long-Term Liabilities $4.477B $5.683B
YoY Change -30.83% 66.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.6M $84.85M
Total Long-Term Liabilities $4.477B $5.683B
Total Liabilities $54.78B $55.87B
YoY Change 0.68% 5.82%
SHAREHOLDERS EQUITY
Retained Earnings $2.512B $2.481B
YoY Change 20.52% 27.85%
Common Stock $170.9M $170.8M
YoY Change 0.45% 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.537B $4.783B
YoY Change
Total Liabilities & Shareholders Equity $59.34B $60.66B
YoY Change 1.2% 5.7%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $97.10M $165.8M
YoY Change -52.18% -6.87%
Depreciation, Depletion And Amortization $21.70M $21.77M
YoY Change 32.63% 120.06%
Cash From Operating Activities $302.3M $359.7M
YoY Change -24.39% 1111.22%
INVESTING ACTIVITIES
Capital Expenditures $7.854M $6.184M
YoY Change -176.8% -172.24%
Acquisitions
YoY Change
Other Investing Activities $1.033B -$279.4M
YoY Change -160.37% -69.93%
Cash From Investing Activities $1.026B -$285.6M
YoY Change -159.56% -69.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.244B -1.385B
YoY Change -181.61% -235.88%
NET CHANGE
Cash From Operating Activities 302.3M 359.7M
Cash From Investing Activities 1.026B -285.6M
Cash From Financing Activities -1.244B -1.385B
Net Change In Cash 83.48M -1.311B
YoY Change -58.82% -1274.88%
FREE CASH FLOW
Cash From Operating Activities $302.3M $359.7M
Capital Expenditures $7.854M $6.184M
Free Cash Flow $294.5M $353.5M
YoY Change -28.19% 824.02%

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<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current periods' presentation.</span></div>
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us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
964000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
2190641000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
7177726000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
8384486000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
5065877000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
3369762000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
6915907000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
44353537000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
74000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
4495000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
18999000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
6145000 usd
us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
2664000 usd
us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
2520000 usd
us-gaap Financing Receivable Excluding Accrued Interest Revolving Writeoff
FinancingReceivableExcludingAccruedInterestRevolvingWriteoff
26442000 usd
us-gaap Financing Receivable Excluding Accrued Interest Revolving Converted To Term Loan Writeoff
FinancingReceivableExcludingAccruedInterestRevolvingConvertedToTermLoanWriteoff
252000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
61591000 usd
syn Allowance For Loan And Lease Losses Number Of Past Due Days
AllowanceForLoanAndLeaseLossesNumberOfPastDueDays
P120D
syn Allowance For Loan And Lease Losses Number Of Past Due Days Threshold For Charge Off
AllowanceForLoanAndLeaseLossesNumberOfPastDueDaysThresholdForChargeOff
P181D
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
7049731000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
8851511000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
5710982000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
3604052000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
2412071000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
5209357000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Fee And Loan In Process
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
43716353000 usd
CY2022 syn Allowance For Loan And Lease Losses Number Of Past Due Days
AllowanceForLoanAndLeaseLossesNumberOfPastDueDays
P120D
CY2022 syn Allowance For Loan And Lease Losses Number Of Past Due Days Threshold For Charge Off
AllowanceForLoanAndLeaseLossesNumberOfPastDueDaysThresholdForChargeOff
P181D
CY2023Q2 syn Financing Receivable Allowance For Credit Loss Period Increase Decrease From Increase In Size Of Loan Profile
FinancingReceivableAllowanceForCreditLossPeriodIncreaseDecreaseFromIncreaseInSizeOfLoanProfile
711000 usd
CY2023Q2 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
10600000 usd
CY2022Q2 syn Financing Receivable Allowance For Credit Loss Period Increase Decrease From Increase In Size Of Loan Profile
FinancingReceivableAllowanceForCreditLossPeriodIncreaseDecreaseFromIncreaseInSizeOfLoanProfile
3700000 usd
syn Financing Receivable Allowance For Credit Loss Period Increase Decrease From Increase In Size Of Loan Profile
FinancingReceivableAllowanceForCreditLossPeriodIncreaseDecreaseFromIncreaseInSizeOfLoanProfile
7500000 usd
CY2022Q2 us-gaap Financing Receivable Significant Purchases
FinancingReceivableSignificantPurchases
180200000 usd
us-gaap Financing Receivable Significant Purchases
FinancingReceivableSignificantPurchases
361600000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
36256000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
9860000 usd
CY2023Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
40624000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
471238000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
23698000 usd
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
7133000 usd
CY2022Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
9446000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
407837000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
61591000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
16645000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
72760000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
471238000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
48845000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
13671000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
15414000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
407837000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
471200000 usd
CY2023Q2 syn Reserve For Unfunded Commitments
ReserveForUnfundedCommitments
55700000 usd
CY2023Q2 syn All Financing Receivable Allowance For Credit Loss
AllFinancingReceivableAllowanceForCreditLoss
527000000 usd
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
26100000 usd
CY2022Q4 syn All Financing Receivable Allowance For Credit Loss
AllFinancingReceivableAllowanceForCreditLoss
500900000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
443400000 usd
CY2022Q4 syn Reserve For Unfunded Commitments
ReserveForUnfundedCommitments
57500000 usd
CY2023Q2 syn Acl To Loans Ratio
ACLToLoansRatio
0.0119
syn Increase Decrease In Acl To Loans Ratio
IncreaseDecreaseInACLToLoansRatio
0.0004
syn Financing Receivable Allowance For Credit Loss Reasonable And Supportable Forecast Period
FinancingReceivableAllowanceForCreditLossReasonableAndSupportableForecastPeriod
P2Y
syn Financing Receivable Allowance For Credit Loss Straight Line Basis Historical Period
FinancingReceivableAllowanceForCreditLossStraightLineBasisHistoricalPeriod
P1Y
CY2023Q2 syn Financing Receivable Allowance For Credit Loss Measurement Input Estimated Peak Weighted Average Unemployment Rate
FinancingReceivableAllowanceForCreditLossMeasurementInputEstimatedPeakWeightedAverageUnemploymentRate
0.057
CY2022Q4 syn Financing Receivable Allowance For Credit Loss Measurement Input Estimated Peak Weighted Average Unemployment Rate
FinancingReceivableAllowanceForCreditLossMeasurementInputEstimatedPeakWeightedAverageUnemploymentRate
0.051
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
29016000 usd
CY2023Q2 us-gaap Financing Receivable Modification To Total Financing Receivables Excluding Accrued Interest Percent
FinancingReceivableModificationToTotalFinancingReceivablesExcludingAccruedInterestPercent
0.001
us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
88690000 usd
us-gaap Financing Receivable Modification To Total Financing Receivables Excluding Accrued Interest Percent
FinancingReceivableModificationToTotalFinancingReceivablesExcludingAccruedInterestPercent
0.002
us-gaap Financing Receivable Excluding Accrued Interest Modified Subsequent Default
FinancingReceivableExcludingAccruedInterestModifiedSubsequentDefault
0 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Modified Subsequent Default
FinancingReceivableExcludingAccruedInterestModifiedSubsequentDefault
0 usd
CY2023Q2 syn Financing Receivable Excluding Accrued Interest Modified Nonaccrual
FinancingReceivableExcludingAccruedInterestModifiedNonaccrual
16436000 usd
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Modified Past12 Months
FinancingReceivableExcludingAccruedInterestModifiedPast12Months
88690000 usd
CY2022Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
58 contract
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
37282000 usd
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
137 contract
us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
78925000 usd
CY2022Q2 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0 usd
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
0 usd
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
3 contract
CY2022Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
3 contract
CY2022Q2 us-gaap Financing Receivable Excluding Accrued Interest Modified Subsequent Default
FinancingReceivableExcludingAccruedInterestModifiedSubsequentDefault
430000 usd
us-gaap Financing Receivable Excluding Accrued Interest Modified Subsequent Default
FinancingReceivableExcludingAccruedInterestModifiedSubsequentDefault
430000 usd
CY2022Q4 syn Commitments To Lend Additional Funds To Td Rs
CommitmentsToLendAdditionalFundsToTDRs
0 usd
CY2022Q2 syn Commitments To Lend Additional Funds To Td Rs
CommitmentsToLendAdditionalFundsToTDRs
0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
452390000 usd
us-gaap Goodwill Transfers
GoodwillTransfers
0 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
23183000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
475573000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2400000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4300000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4200000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
108591000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
47053000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61538000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
69900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
42776000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27124000 usd
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
CY2023Q2 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
62616000 usd
CY2022Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
51136000 usd
CY2023Q2 syn Fair Value Option Aggregate Unpaid Principal Balance Of Mortgage Loans Held For Sale
FairValueOptionAggregateUnpaidPrincipalBalanceOfMortgageLoansHeldForSale
61536000 usd
CY2022Q4 syn Fair Value Option Aggregate Unpaid Principal Balance Of Mortgage Loans Held For Sale
FairValueOptionAggregateUnpaidPrincipalBalanceOfMortgageLoansHeldForSale
50264000 usd
CY2023Q2 us-gaap Fair Value Option Aggregate Differences Long Term Debt Instruments
FairValueOptionAggregateDifferencesLongTermDebtInstruments
1080000 usd
CY2022Q4 us-gaap Fair Value Option Aggregate Differences Long Term Debt Instruments
FairValueOptionAggregateDifferencesLongTermDebtInstruments
872000 usd
CY2023Q2 syn Change In Mortgage Loans Held For Sale Included In Net Income
ChangeInMortgageLoansHeldForSaleIncludedInNetIncome
-95000 usd
CY2022Q2 syn Change In Mortgage Loans Held For Sale Included In Net Income
ChangeInMortgageLoansHeldForSaleIncludedInNetIncome
805000 usd
syn Change In Mortgage Loans Held For Sale Included In Net Income
ChangeInMortgageLoansHeldForSaleIncludedInNetIncome
208000 usd
syn Change In Mortgage Loans Held For Sale Included In Net Income
ChangeInMortgageLoansHeldForSaleIncludedInNetIncome
-1545000 usd
CY2023Q2 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
514450000 usd
CY2023Q2 syn Amortization Of Terminated Cash Flow Hedges Income Recognized
AmortizationOfTerminatedCashFlowHedgesIncomeRecognized
-6100000 usd
syn Amortization Of Terminated Cash Flow Hedges Income Recognized
AmortizationOfTerminatedCashFlowHedgesIncomeRecognized
-11500000 usd
CY2022Q2 syn Amortization Of Terminated Cash Flow Hedges Income Recognized
AmortizationOfTerminatedCashFlowHedgesIncomeRecognized
1000000 usd
syn Amortization Of Terminated Cash Flow Hedges Income Recognized
AmortizationOfTerminatedCashFlowHedgesIncomeRecognized
3200000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-161000000 usd
syn Cash Flow Hedge Termination Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeTerminationGainLossToBeReclassifiedWithinTwelveMonths
23000000 usd
CY2023Q2 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
87500000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
66800000 usd
CY2023Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
5700000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
7700000 usd
CY2023Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
670230000 usd
CY2023Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
241780000 usd
CY2023Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
55915000 usd
CY2022Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
391307000 usd
CY2022Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
18501000 usd
CY2022Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
8769000 usd
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
1299787000 usd
us-gaap Interest Expense Deposits
InterestExpenseDeposits
415715000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
98444000 usd
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
752399000 usd
us-gaap Interest Expense Deposits
InterestExpenseDeposits
32160000 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
18913000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
165819000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
169761000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
359688000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
332507000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146113000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145328000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145957000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145301000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.46
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
165819000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
169761000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
359688000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
332507000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146113000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145328000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145957000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145301000 shares
CY2023Q2 syn Potentially Dilutive Shares From Assumed Exercise Of Securities Or Other Contracts To Purchase Common Stock
PotentiallyDilutiveSharesFromAssumedExerciseOfSecuritiesOrOtherContractsToPurchaseCommonStock
437000 shares
CY2022Q2 syn Potentially Dilutive Shares From Assumed Exercise Of Securities Or Other Contracts To Purchase Common Stock
PotentiallyDilutiveSharesFromAssumedExerciseOfSecuritiesOrOtherContractsToPurchaseCommonStock
987000 shares
syn Potentially Dilutive Shares From Assumed Exercise Of Securities Or Other Contracts To Purchase Common Stock
PotentiallyDilutiveSharesFromAssumedExerciseOfSecuritiesOrOtherContractsToPurchaseCommonStock
687000 shares
syn Potentially Dilutive Shares From Assumed Exercise Of Securities Or Other Contracts To Purchase Common Stock
PotentiallyDilutiveSharesFromAssumedExerciseOfSecuritiesOrOtherContractsToPurchaseCommonStock
1188000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146550000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146315000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146644000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146489000 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.45
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.27
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
273000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
273000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11000 shares
CY2023Q2 syn Tax Credits Cra Partnerships And Other Investments Carrying Amount Included In Other Assets
TaxCreditsCRAPartnershipsAndOtherInvestmentsCarryingAmountIncludedInOtherAssets
525072000 usd
CY2022Q4 syn Tax Credits Cra Partnerships And Other Investments Carrying Amount Included In Other Assets
TaxCreditsCRAPartnershipsAndOtherInvestmentsCarryingAmountIncludedInOtherAssets
488944000 usd
CY2023Q2 syn Tax Credits Cra Partnerships And Other Investments Amount Of Future Funding Commitments
TaxCreditsCRAPartnershipsAndOtherInvestmentsAmountOfFutureFundingCommitments
300722000 usd
CY2022Q4 syn Tax Credits Cra Partnerships And Other Investments Amount Of Future Funding Commitments
TaxCreditsCRAPartnershipsAndOtherInvestmentsAmountOfFutureFundingCommitments
283212000 usd
CY2023Q2 syn Tax Credits Cra Partnerships And Other Investments Permanent And Short Term Construction Loans And Letter Of Credit Commitments
TaxCreditsCRAPartnershipsAndOtherInvestmentsPermanentAndShortTermConstructionLoansAndLetterOfCreditCommitments
208699000 usd
CY2022Q4 syn Tax Credits Cra Partnerships And Other Investments Permanent And Short Term Construction Loans And Letter Of Credit Commitments
TaxCreditsCRAPartnershipsAndOtherInvestmentsPermanentAndShortTermConstructionLoansAndLetterOfCreditCommitments
177998000 usd
CY2023Q2 syn Tax Credits Cra Partnerships And Other Investments Funded Portion Of Permanent And Short Term Loans And Letters Of Credit
TaxCreditsCRAPartnershipsAndOtherInvestmentsFundedPortionOfPermanentAndShortTermLoansAndLettersOfCredit
195748000 usd
CY2022Q4 syn Tax Credits Cra Partnerships And Other Investments Funded Portion Of Permanent And Short Term Loans And Letters Of Credit
TaxCreditsCRAPartnershipsAndOtherInvestmentsFundedPortionOfPermanentAndShortTermLoansAndLettersOfCredit
234166000 usd
CY2022Q4 syn Covered Chargebacks Net Of Reserves
CoveredChargebacksNetOfReserves
15300000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
455531000 usd
CY2023Q2 us-gaap Noninterest Income
NoninterestIncome
112276000 usd
CY2023Q2 us-gaap Noninterest Expense
NoninterestExpense
307181000 usd
CY2023Q2 us-gaap Revenues
Revenues
260626000 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
425388000 usd
CY2022Q2 us-gaap Noninterest Income
NoninterestIncome
97266000 usd
CY2022Q2 us-gaap Noninterest Expense
NoninterestExpense
282051000 usd
CY2022Q2 us-gaap Revenues
Revenues
240603000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
936283000 usd
us-gaap Noninterest Income
NoninterestIncome
245402000 usd
us-gaap Noninterest Expense
NoninterestExpense
629034000 usd
us-gaap Revenues
Revenues
552651000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
817635000 usd
us-gaap Noninterest Income
NoninterestIncome
202600000 usd
us-gaap Noninterest Expense
NoninterestExpense
554501000 usd
us-gaap Revenues
Revenues
465734000 usd
CY2023Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
44353537000 usd
CY2023Q2 us-gaap Deposits
Deposits
50080392000 usd
CY2023Q2 dei Entity Number Of Employees
EntityNumberOfEmployees
5097 employee
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
43716353000 usd
CY2022Q4 us-gaap Deposits
Deposits
48871559000 usd
CY2022Q4 dei Entity Number Of Employees
EntityNumberOfEmployees
5027 employee
us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
-19100000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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