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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities:      
Net income $ 823,844 $ 695,045 $ 622,626
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for credit losses 95,553 101,047 114,390
Depreciation, amortization and accretion, net 118,778 100,079 84,764
Deferred income tax expense (benefit) 44,841 11,011 (19,707)
Stock-based compensation expense 41,551 38,108 33,495
(Accretion) amortization of premium on securities, net (10,587) (2,133) 1,236
Accretion of discount and deferred fees on loans, net (19,744) (18,984) (16,943)
Mortgage servicing rights fair value changes 34,749 18,637 36,209
Non-designated derivatives fair value changes, net (6,140) 61,035 (3,048)
Originations and purchases of mortgage loans held-for-sale (2,582,585) (2,624,914) (1,962,205)
Early buy-out exercises of mortgage loans held-for-sale guaranteed by U.S. government agencies, net of subsequent paydowns or payoffs (34,218) (23,197) (25,954)
Proceeds from sales of mortgage loans held-for-sale 2,585,949 2,609,248 1,963,214
Bank owned life insurance (“BOLI”) gains (6,559) (5,755) (4,575)
Decrease (increase) in trading securities, net 4,072 635 (3,580)
Decrease (increase) in brokerage customer receivables, net 18,102 (7,510) 5,795
Gains on mortgage loans sold (65,291) (46,430) (37,738)
Gains on premium financing receivables sold 0 (4,575) (890)
(Gains) losses on investment securities, net, and dividend reinvestment on equity securities (8,323) 2,602 (1,525)
Losses on sales of premises and equipment, net 438 336 1,290
Losses (gains) on sales and fair value adjustments of other real estate owned, net 2,578 (1,951) (1,656)
Increase in accrued interest receivable and other assets, net (68,987) (131,429) (205,428)
(Decrease) increase in accrued interest payable and other liabilities, net (57,673) (49,348) 164,606
Net Cash Provided by Operating Activities 910,348 721,557 744,376
Investing Activities:      
Proceeds from calls and sales of available-for-sale securities 1,687,876 1,769,854 1,881,410
Proceeds from payments and maturities of available-for-sale securities 640,943 588,664 384,769
Proceeds from payments, maturities and calls of held-to-maturity securities 268,825 242,427 191,421
Proceeds from sales of equity securities with readily determinable fair value 226,542 51,792 23,592
Proceeds from sales and capital distributions of equity securities without readily determinable fair value 1,421 2,226 67
Purchases of available-for-sale securities (5,062,590) (1,748,535) (2,244,564)
Purchases of held-to-maturity securities 0 0 (408,917)
Purchases of equity securities with readily determinable fair value (63,413) (125,573) (47,454)
Purchases of equity securities without readily determinable fair value (1,752) (6,933) (10,450)
(Purchases) redemptions of FHLB and FRB stock, net (10,474) (76,404) 19,756
(Contributions to) distributions from investments in partnerships, net (10,853) 2,763 7,476
Net cash received (paid) in business combinations 0 531,308 (5,147)
Proceeds from sales of premium financing receivables, net 0 627,450 405,560
Proceeds from sale of other real estate owned 2,141 20,026 5,051
Decrease (increase) in interest-bearing deposits with banks, net 1,238,103 (2,334,423) (91,251)
Increase in loans, net (5,035,792) (5,405,340) (3,303,303)
Redemption of BOLI 351 367 574
Purchases of premises and equipment, net (49,951) (86,032) (46,406)
Net Cash Used for Investing Activities (6,168,623) (5,946,363) (3,237,816)
Financing Activities:      
Increase in deposit accounts, net 5,204,842 4,805,004 2,494,619
(Decrease) increase in other borrowings, net (73,607) (83,674) 40,670
Increase in Federal Home Loan Bank advances, net 300,000 825,238 10,000
Cash payments to settle contingent consideration liabilities recognized in business combinations 0 (6,168) (57)
Proceeds from the issuance of preferred stock, net 414,148 0 0
Repayment of subordinated notes 0 (140,000) 0
Redemption of preferred stock (412,500) 0 0
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and director compensation plan 7,220 6,694 8,309
Common stock repurchases for tax withholdings related to stock-based compensation (3,003) (3,936) (1,913)
Dividends paid (169,423) (143,280) (125,690)
Net Cash Provided by Financing Activities 5,267,677 5,259,878 2,425,938
Net Increase (Decrease) in Cash and Cash Equivalents 9,402 35,072 (67,502)
Cash and Cash Equivalents at Beginning of Period 458,536 423,464 490,966
Cash and Cash Equivalents at End of Period 467,938 458,536 423,464
Cash paid during the year for:      
Interest 1,489,462 1,517,813 1,026,311
Income taxes, net 222,412 252,851 231,653
Business combinations:      
Fair value of assets acquired, including cash and cash equivalents 0 2,611,601 23,669
Value ascribed to goodwill and other intangible assets 0 252,983 8,822
Fair value of liabilities assumed 0 2,365,345 12,468
Non-cash activities      
Transfer to other real estate owned from loans 2,532 30,040 8,564
Common stock issued for acquisitions $ 0 $ 499,239 $ 0