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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net income $ 221,350 $ 152,289
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 20,585 21,807
Amortization of other intangible assets 8,763 10,847
Amortization of tax credit investments 4,751 8,917
Net premium amortization on investment securities 11,793 14,664
Accretion income related to acquired loans (12,818) (17,883)
Share-based compensation expense 5,518 5,962
Provision for credit losses (26,898) 39,495
Debt securities (gains) losses, net (3,892) (10,606)
Net (gains) losses on sales of loans and other assets (27,433) (8,636)
Increase in cash surrender value of company-owned life insurance (7,852) (8,878)
Residential real estate loans originated for sale (929,943) (1,114,932)
Proceeds from sales of residential real estate loans 967,573 1,099,258
(Increase) decrease in interest receivable 11,268 2,071
(Increase) decrease in other assets 46,203 (96,468)
Increase (decrease) in accrued expenses and other liabilities (24,295) 764
Net cash flows provided by (used in) operating activities 264,673 98,671
Cash Flows From Investing Activities    
Purchases of investment securities available-for-sale (2,550,248) (1,859,755)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock 0 (10,025)
Purchases of equity securities (10,000) 0
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 1,174,037 1,475,609
Proceeds from sales of investment securities available-for-sale 189,091 296,075
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 50 4,672
Proceeds from sales of equity securities 437 39,218
Loan originations and payments, net 217,847 (1,756,697)
Proceeds from company-owned life insurance death benefits 2,652 1,870
Proceeds from sales of premises and equipment and other assets 16,741 7,014
Purchases of premises and equipment and other assets (40,774) (26,865)
Net cash flows provided by (used in) investing activities (1,000,167) (1,828,884)
Net increase (decrease) in:    
Deposits 1,158,696 1,953,097
Federal funds purchased and interbank borrowings (1,132) (349,155)
Securities sold under agreements to repurchase (55,919) 71,359
Other borrowings 11,651 (429)
Payments for maturities of Federal Home Loan Bank advances (145,005) (550,004)
Payments for modification of Federal Home Loan Bank advances (2,156) (13,570)
Proceeds from Federal Home Loan Bank advances 50,000 825,000
Cash dividends paid on common stock (69,611) (69,795)
Common stock repurchased (3,713) (82,309)
Common stock issued 429 432
Net cash flows provided by (used in) financing activities 943,240 1,784,626
Net increase (decrease) in cash and cash equivalents 207,746 54,413
Cash and cash equivalents at beginning of period 589,712 276,337
Cash and cash equivalents at end of period 797,458 330,750
Supplemental cash flow information:    
Total interest paid 33,910 59,037
Total taxes paid (net of refunds) 15,476 15,836
Investment securities purchased but not settled 594 50,317
Operating lease right-of-use assets obtained in exchange for lease obligations (1,190) (1,133)
Finance lease right-of-use assets obtained in exchange for lease obligations $ 6,367 $ 5,225