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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net income $ 120,284 $ 146,600
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 9,678 9,121
Amortization of other intangible assets 5,455 6,186
Amortization of tax credit investments 2,749 2,761
Net premium amortization on investment securities 1,133 3,603
Accretion income related to acquired loans (3,612) (6,410)
Share-based compensation expense 5,491 12,742
Provision for credit losses 18,891 13,437
Debt securities (gains) losses, net 16 5,216
Net (gains) losses on sales of loans and other assets (1,245) 829
Increase in cash surrender value of company-owned life insurance (3,434) (3,186)
Residential real estate loans originated for sale (112,818) (65,148)
Proceeds from sales of residential real estate loans 112,552 67,468
(Increase) decrease in interest receivable 5,349 1,533
(Increase) decrease in other assets 14,135 (3,833)
Increase (decrease) in accrued expenses and other liabilities (70,391) (137,230)
Net cash flows provided by (used in) operating activities 104,233 53,689
Cash Flows From Investing Activities    
Purchases of investment securities available-for-sale (483,506) (44,413)
Purchases of investment securities held-to-maturity 0 (1,941)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock 0 (99,158)
Purchases of equity securities (3,791) (20,807)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 318,810 164,893
Proceeds from sales of investment securities available-for-sale 15,195 51,522
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 15,619 24,744
Proceeds from sales of equity securities 1,834 615
Loan originations and payments, net (639,530) (708,752)
Proceeds from sales of commercial loans 13,819 0
Proceeds from company-owned life insurance death benefits 3,891 2,257
Proceeds from sales of premises and equipment and other assets 0 1,410
Purchases of premises and equipment and other assets (8,482) (10,456)
Net cash flows provided by (used in) investing activities (766,141) (640,086)
Net increase (decrease) in:    
Deposits 464,238 (83,038)
Federal funds purchased and interbank borrowings 50,026 37,466
Securities sold under agreements to repurchase (10,713) (39,786)
Other borrowings 49,809 (4,002)
Payments for maturities of Federal Home Loan Bank advances (825,000) (750,150)
Proceeds from Federal Home Loan Bank advances 750,000 1,900,000
Cash dividends paid (45,094) (45,122)
Common stock repurchased (7,182) (43,710)
Common stock issued 265 262
Net cash flows provided by (used in) financing activities 426,349 971,920
Net increase (decrease) in cash and cash equivalents (235,559) 385,523
Cash and cash equivalents at beginning of period 1,175,058 728,412
Cash and cash equivalents at end of period 939,499 1,113,935
Supplemental cash flow information:    
Total interest paid 241,927 104,917
Total income taxes paid (net of refunds) 2,429 1,182
Operating lease right-of-use assets obtained in exchange for lease obligations (193) 222
Finance lease right-of-use assets obtained in exchange for lease obligations $ 10,400 $ 9,141