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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities    
Net income $ 385,315 $ 449,512
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 28,449 28,162
Amortization of other intangible assets 20,291 18,286
Amortization of tax credit investments 8,773 8,167
Net premium amortization on investment securities 6,650 8,673
Accretion income related to acquired loans (26,531) (17,484)
Share-based compensation expense 23,256 22,903
Provision for credit losses 83,602 47,292
Debt securities (gains) losses, net 90 5,440
Net (gains) losses on sales of loans and other assets (7,084) (727)
Increase in cash surrender value of company-owned life insurance (14,488) (11,624)
Residential real estate loans originated for sale (632,726) (366,340)
Proceeds from sales of residential real estate loans 615,624 366,485
(Increase) decrease in interest receivable 11,447 (18,982)
(Increase) decrease in other assets (38,458) (56,116)
Increase (decrease) in accrued expenses and other liabilities (77,681) (40,132)
Net cash flows provided by (used in) operating activities 386,529 443,515
Cash Flows From Investing Activities    
Cash received from merger, net 177,791 0
Purchases of investment securities available-for-sale (1,263,354) (626,820)
Purchases of investment securities held-to-maturity 0 (1,941)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (13,129) (99,158)
Purchases of equity securities (5,462) (20,862)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 755,417 614,782
Proceeds from sales of investment securities available-for-sale 297,858 54,056
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 55,069 76,276
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 14,426 47,738
Proceeds from sales of equity securities 2,755 2,610
Loan originations and payments, net (1,327,734) (2,269,544)
Proceeds from sales of commercial loans 63,434 679,952
Proceeds from company-owned life insurance death benefits 10,212 5,865
Proceeds from sales of premises and equipment and other assets 1,585 3,513
Purchases of premises and equipment and other assets (23,513) (28,074)
Net cash flows provided by (used in) investing activities (1,254,645) (1,561,607)
Net increase (decrease) in:    
Deposits 1,050,442 2,251,846
Federal funds purchased and interbank borrowings 134,873 (580,571)
Securities sold under agreements to repurchase (40,580) (153,743)
Other borrowings (209,675) 114,251
Payments for maturities of Federal Home Loan Bank advances (1,300,000) (1,850,150)
Proceeds from Federal Home Loan Bank advances 1,400,000 2,450,000
Cash dividends paid (142,471) (135,054)
Common stock repurchased (8,745) (44,266)
Common stock issued 784 797
Net cash flows provided by (used in) financing activities 884,628 2,053,110
Net increase (decrease) in cash and cash equivalents 16,512 935,018
Cash and cash equivalents at beginning of period 1,175,058 728,412
Cash and cash equivalents at end of period 1,191,570 1,663,430
Supplemental Cash Flow Information:    
Total interest paid 797,929 450,939
Total income taxes paid (net of refunds) 54,904 158,478
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 22,367 7,899
Finance lease right-of-use assets obtained in exchange for lease obligations $ 16,703 $ 10,019