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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities    
Net income $ 241,513 $ 301,636
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 18,947 18,386
Amortization of other intangible assets 12,880 12,246
Amortization of tax credit investments 5,496 5,523
Net premium amortization on investment securities 3,493 7,061
Accretion income related to acquired loans (13,083) (11,485)
Share-based compensation expense 14,553 17,989
Provision for credit losses 55,105 28,224
Debt securities (gains) losses, net 14 5,199
Net (gains) losses on sales of loans and other assets (3,898) (45)
Increase in cash surrender value of company-owned life insurance (9,173) (7,884)
Residential real estate loans originated for sale (363,341) (225,753)
Proceeds from sales of residential real estate loans 349,486 218,253
(Increase) decrease in interest receivable (3,734) (14,677)
(Increase) decrease in other assets 17,335 (38,540)
Increase (decrease) in accrued expenses and other liabilities (60,380) (101,417)
Net cash flows provided by (used in) operating activities 265,213 214,716
Cash Flows From Investing Activities    
Cash received from merger, net 177,791 0
Purchases of investment securities available-for-sale (939,533) (174,657)
Purchases of investment securities held-to-maturity 0 (1,941)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (8,559) (99,159)
Purchases of equity securities (4,782) (20,820)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 503,319 333,937
Proceeds from sales of investment securities available-for-sale 293,240 51,654
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 34,076 45,193
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 14,426 1
Proceeds from sales of equity securities 2,417 1,726
Loan originations and payments, net (1,063,661) (1,708,291)
Proceeds from sales of commercial loans 45,881 291,368
Proceeds from company-owned life insurance death benefits 6,589 4,888
Proceeds from sales of premises and equipment and other assets 0 2,369
Purchases of premises and equipment and other assets (17,847) (17,410)
Net cash flows provided by (used in) investing activities (956,643) (1,291,142)
Net increase (decrease) in:    
Deposits 203,584 1,230,485
Federal funds purchased and interbank borrowings 249,764 (445,429)
Securities sold under agreements to repurchase (44,493) (121,357)
Other borrowings 42,274 65,719
Payments for maturities of Federal Home Loan Bank advances (1,300,000) (1,650,150)
Proceeds from Federal Home Loan Bank advances 1,700,000 2,600,000
Cash dividends paid (93,783) (90,087)
Common stock repurchased (8,458) (43,815)
Common stock issued 530 534
Net cash flows provided by (used in) financing activities 749,418 1,545,900
Net increase (decrease) in cash and cash equivalents 57,988 469,474
Cash and cash equivalents at beginning of period 1,175,058 728,412
Cash and cash equivalents at end of period 1,233,046 1,197,886
Supplemental Cash Flow Information:    
Total interest paid 512,514 253,542
Total income taxes paid (net of refunds) 38,806 87,668
Noncash Investing and Financing Activities:    
Common stock issued for merger, net 417,598 0
Operating lease right-of-use assets obtained in exchange for lease obligations 21,488 7,542
Finance lease right-of-use assets obtained in exchange for lease obligations $ 15,178 $ 9,141