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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net income $ 487,043 $ 321,246
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 129,500 42,050
Net (accretion) amortization of premiums and discounts from acquisition (93,740) 2,457
Depreciation and amortization 104,373 40,057
Amortization of debt issuance costs 638 657
Deferred income tax expense (benefit) 25,219 (6,798)
Net increase in trading securities and other earning assets (7,278) (17,746)
Gains on investment securities, net (28,810) (10,127)
Losses (gains) on sales of assets 68 (3,210)
Amortization of securities premiums, net of discount accretion (2,066) 20,666
Originations of loans held for sale (73,717) (60,019)
Gains on sales of loans held for sale, net (2,009) (1,516)
Proceeds from sales of loans held for sale 75,312 60,779
Equity-based compensation 28,432 15,589
Changes in:    
Accrued income (11,271) 2,852
Accrued expenses and taxes 42,333 (1,687)
Other assets and liabilities, net 246,589 (113,093)
Net cash provided by operating activities 920,616 292,157
Securities held to maturity:    
Maturities, calls and principal repayments 502,322 329,830
Purchases (319,652) (97,027)
Securities available for sale:    
Sales 624,225 19,154
Maturities, calls and principal repayments 1,207,751 7,104,618
Purchases (4,015,349) (6,893,491)
Equity securities with readily determinable fair values:    
Purchases (495) (265)
Equity securities without readily determinable fair values:    
Sales 23,150 34,267
Maturities, calls and principal repayments 14,557 56,561
Purchases (124,847) (43,488)
Payment of tax equity investment commitments (42,489) (29,456)
Net increase in loans (2,214,214) (1,727,556)
Net increase in fed funds sold and resell agreements (220,113) (153,890)
Net cash activity from acquisitions and divestitures 170,136 (109,046)
Net decrease (increase) in interest-bearing balances due from other financial institutions 952,886 (24,426)
Net purchases of premises and equipment (37,825) (9,829)
Proceeds from bank-owned and company-owned life insurance death benefit 2,334  
Net cash used in investing activities (3,477,623) (1,544,044)
FINANCING ACTIVITIES    
Net increase in demand and savings deposits 2,940,516 4,920,541
Net decrease in time deposits (299,109) (1,010,808)
Net increase (decrease) in fed funds purchased and repurchase agreements 206,249 (96,347)
Proceeds from short-term debt   500,000
Repayment of short-term debt   (1,250,000)
Repayment of long-term debt (200,000)  
Cash dividends paid (95,006) (57,602)
Payment of common stock issuance costs (524) (1,349)
Proceeds from exercise of stock options and sales of treasury shares 942 3,696
Purchases of treasury stock (17,549) (7,738)
Common stock issuance 235,141  
Preferred stock issuance 294,066  
Preferred stock redemption (115,000)  
Net cash provided by financing activities 2,949,726 3,000,393
Increase in cash and cash equivalents 392,719 1,748,506
Cash and cash equivalents at beginning of period 8,448,691 5,528,258
Cash and cash equivalents at end of period 8,841,410 7,276,764
Supplemental disclosures:    
Income tax payments 53,126 76,076
Total interest payments 1,099,937 879,867
Noncash disclosures:    
Acquisition of tax equity investments 54,208 24,316
Commitment to fund tax equity investments 54,208 24,316
Transfer of loans to other real estate owned 1,310 $ 828
Transfer of loans to other repossessed assets 39  
Stock based compensation as consideration for acquisition 20,389  
Common Stock    
Noncash disclosures:    
Issuance of stock as consideration for acquisition 2,783,510  
Preferred Stock    
Noncash disclosures:    
Issuance of stock as consideration for acquisition $ 115,230