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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net income $ 339,682 $ 334,948
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 61,734 51,559
Depreciation, amortization and accretion, net 45,142 34,997
Stock-based compensation expense 18,107 16,403
(Accretion) amortization of discount/premium on securities, net (347) 743
Accretion of discount and deferred fees on loans, net (7,127) (9,067)
Mortgage servicing rights fair value changes 1,448 13,190
Non-designated derivatives fair value changes, net (9,566) (2,088)
Originations and purchases of mortgage loans held-for-sale (1,197,799) (980,276)
Early buy-out exercises of mortgage loans held-for-sale guaranteed by U.S. government agencies, net of subsequent paydowns or payoffs (3,896) 29,890
Proceeds from sales of mortgage loans held-for-sale 1,083,551 900,046
Bank owned life insurance (“BOLI”) gains (3,002) (2,673)
Decrease (increase) in trading securities, net 573 (1,900)
(Increase) decrease in brokerage customer receivables, net (3,090) 665
Gains on mortgage loans sold (25,640) (24,133)
Gains on premium financing receivables sold (4,575) 0
Losses (gains) on investment securities, net 2,956 (1,398)
(Gains) losses on sales of premises and equipment, net (112) 1,594
(Gains) losses on sales and fair value adjustments of other real estate owned, net (316) 100
Increase in accrued interest receivable and other assets, net (88,565) (83,646)
Increase in accrued interest payable and other liabilities, net 83,207 129,238
Net Cash Provided by Operating Activities 292,365 408,192
Investing Activities:    
Proceeds from calls and sales of available-for-sale securities 690,866 1,875,672
Proceeds from payments and maturities of available-for-sale securities 193,605 156,892
Proceeds from payments, maturities and calls of held-to-maturity securities 100,276 84,015
Proceeds from sales of equity securities with readily determinable fair value 51,792 23,592
Proceeds from sales and capital distributions of equity securities without readily determinable fair value 2,226 67
Purchases of available-for-sale securities (1,118,596) (1,359,722)
Purchases of held-to-maturity securities 0 (8,439)
Purchases of equity securities with readily determinable fair value (24,000) (26,677)
Purchases of equity securities without readily determinable fair value (5,972) (5,600)
(Purchases) redemptions of Federal Home Loan Bank and Federal Reserve Bank stock, net (51,492) 29,642
Distributions from investments in partnerships, net 2,239 4,995
Net cash paid in business combinations 0 (4,966)
Proceeds from sales of premium financing receivables, net 627,450 0
Proceeds from sales of other real estate owned 1,752 1,168
Increase in interest-bearing deposits with banks, net (743,606) (172,149)
Increase in loans, net (3,241,661) (1,820,788)
Redemption of BOLI 306 0
Purchases of premises and equipment, net (49,759) (9,318)
Net Cash Used for Investing Activities (3,564,574) (1,231,616)
Financing Activities:    
Increase in deposit accounts, net 2,651,854 1,136,159
(Decrease) increase in other borrowings, net (28,103) 59,552
Increase (decrease) in Federal Home Loan Bank advances, net 850,238 (290,000)
Cash payments to settle contingent consideration liabilities recognized in business combinations 0 (57)
Repayment of subordinated notes (140,000) 0
Issuance of common shares resulting from the exercise of stock options, employee stock purchase plan and director compensation plan 3,284 5,168
Common stock repurchases for tax withholdings related to stock-based compensation (3,539) (1,662)
Dividends paid (69,465) (62,785)
Net Cash Provided by Financing Activities 3,264,269 846,375
Net (Decrease) Increase in Cash and Cash Equivalents (7,940) 22,951
Cash and Cash Equivalents at Beginning of Period 423,464 490,966
Cash and Cash Equivalents at End of Period $ 415,524 $ 513,917