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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 534,783 $ 494,308 $ 496,049
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 56,697 58,826 64,591
Provision for credit losses 15,975 114,082 81,855
Deferred income taxes (10,852) 1,950 123,540
Losses (gains) on sale of securities, net 50 (43) (30)
Share-based compensation expense 28,000 35,861 35,638
Accretion of discount related to acquired loans (14,418) (20,801) (36,411)
(Gains) losses on disposal of premises and equipment (19) 66 2,876
Gains on sale of bank properties held for sale and repossessed real estate (1,354) (1,733) (4,467)
Net amortization of premiums and discounts on investment securities 19,343 20,136 27,303
Bank properties held for sale and repossessed real estate write downs 255 1,571 273
Fair value adjustment for loans held for sale 69 (833) 6,052
Originations and purchases of loans held for sale (1,841,572) (881,017) (1,411,770)
Proceeds from sales of loans held for sale 1,246,249 863,464 1,565,809
Gains on sales of loans held for sale (24,890) (3,535) 2,663
Increase in cash surrender value of BOLI (27,573) (25,141) (23,058)
Net change in:      
Accrued interest receivable (9,002) (19,806) (32,829)
Prepaid assets (8,284) 1,967 (3,090)
Operating leases 72 322 142
Bank owned life insurance (2,841) (1,595) (1,290)
Trading securities 281,893 (57) 46,425
Derivative assets 11,449 38,077 207,682
Miscellaneous other assets 5,908 (6,259) 147
Accrued interest payable (16,070) 50,590 2,609
Accrued income taxes 52,136 62,509 (17,218)
Derivative liabilities 75,369 (229,657) 741,583
Miscellaneous other liabilities 140,587 (6,495) (144,181)
Net cash provided by operating activities 511,960 546,757 1,730,893
Cash flows from investing activities:      
Proceeds from sales of investment securities available for sale 1,950 129,614 482,028
Proceeds from maturities and calls of investment securities held to maturity 228,485 190,825 230,003
Proceeds from maturities and calls of investment securities available for sale 511,556 590,758 575,877
Proceeds from sales and redemptions of other investment securities 144,896 214,375 13,226
Purchases of investment securities available for sale (96,824) (80,354) (1,381,980)
Purchases of investment securities held to maturity     (1,099,691)
Purchases of other investment securities (140,119) (226,701) (20,359)
Net increase in loans (1,540,747) (2,234,274) (3,855,268)
Net cash received from acquisitions     250,115
Recoveries of loans previously charged off 16,826 15,782 19,173
Purchase of bank owned life insurance   (5,966) (85,966)
Purchases of premises and equipment (35,807) (38,885) (17,670)
Proceeds from redemption and payout of bank owned life insurance policies 8,659 5,956 3,267
Proceeds from sale of bank properties held for sale and repossessed real estate 14,573 11,575 20,706
Proceeds from sale of premises and equipment 373 856 6,143
Net cash used in investing activities (886,179) (1,426,439) (4,860,396)
Cash flows from financing activities:      
Net increase (decrease) in deposits 1,012,517 699,778 (1,780,132)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings agreements to repurchase and other short-term borrowings 25,727 (67,232) (224,822)
Proceeds from borrowings 4,000,000 6,050,200  
Repayment of borrowings (4,100,000) (5,950,200) (13,000)
Common stock issuance 3,237 2,772 2,858
Common stock repurchases (16,758) (16,064) (119,330)
Dividends paid (162,894) (156,184) (146,664)
Stock options exercised 5,580 2,926 1,585
Net cash provided by (used in) financing activities 767,409 565,996 (2,279,505)
Net increase (decrease) in cash and cash equivalents 393,190 (313,686) (5,409,008)
Cash and cash equivalents at beginning of period 998,877 1,312,563 6,721,571
Cash and cash equivalents at end of period 1,392,067 998,877 1,312,563
Cash paid for:      
Interest 741,978 441,208 67,126
Income taxes 111,484 74,725 35,144
Recognition of operating lease assets in exchange for lease liabilities 11,134 1,160 12,635
Schedule of Noncash Operating Transactions:      
Pooling of SBA loans held for sale into trading securities 353,504    
Acquisitions:      
Fair value of tangible assets acquired     3,500,692
Other intangible assets acquired     20,791
Liabilities assumed     3,205,694
Net identifiable assets acquired over liabilities assumed     342,021
Common stock issued in acquisition     659,772
Real estate acquired in full or in partial settlement of loans $ 5,658 $ 3,801 $ 1,972