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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 387,942 $ 281,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 113,022 119,392
Amortization of intangibles 982 1,529
Depreciation and amortization of premises and equipment 25,319 31,249
Net accretion of discounts and amortization of premiums and deferred fees (136,208) (127,770)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives (2,822) (4,047)
Share-based compensation 21,930 16,391
Fair value adjustments on mortgage servicing rights 5,523 5,384
Adjustments to indemnity reserves on loans sold (293) 25
Earnings from investments under the equity method, net of dividends or distributions 152 (2,871)
Deferred income tax expense 20,832 19,702
Gain on:    
Disposition of premises and equipment and other productive assets (91) (6,295)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (156) (76)
Sale of equity method investment (1,226) 0
Sale of foreclosed assets, including write-downs (5,076) (10,575)
Acquisitions of loans held-for-sale (2,332) (1,767)
Proceeds from sale of loans held-for-sale 15,584 19,358
Net originations on loans held-for-sale (12,137) (22,580)
Net decrease (increase) in:    
Trading debt securities 10,040 6,735
Equity securities (1,411) (4,445)
Accrued income receivable (11,419) (17,340)
Other assets (19,371) (8,463)
Net increase (decrease) in:    
Interest payable 2,584 3,145
Pension and other postretirement benefits obligation 2,191 3,732
Other liabilities 1,434 (59,481)
Total adjustments 27,051 (39,068)
Net cash provided by operating activities 414,993 242,004
Cash flows from investing activities:    
Net decrease in money market investments 40,765 147,650
Purchases of investment securities:    
Available-for-sale (18,905,199) (17,231,900)
Equity (25,811) (1,667)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 17,145,332 15,375,714
Held-to-maturity 303,212 304,653
Proceeds from sale of investment securities:    
Equity 14,497 4,046
Net disbursements on loans (912,037) (287,684)
Proceeds from sale of loans 40,983 17,640
Acquisition of loan portfolios (319,297) (384,479)
Return of capital from equity method investments 0 279
Net proceeds from sale of equity method investment 1,226 0
Acquisition of premises and equipment and other productive assets (96,200) (95,412)
Proceeds from sale of:    
Premises and equipment and other productive assets 344 4,409
Foreclosed assets 47,590 58,979
Net cash used in investing activities (2,664,595) (2,087,772)
Net increase in:    
Deposits 2,334,656 1,912,286
Assets sold under agreements to repurchase 1,210 14,300
Other short-term borrowings 325,000 0
Payment of notes payable (88,522) (46,000)
Principal payments of finance leases (1,829) (1,774)
Proceeds from issuance of common stock 3,530 3,567
Dividends paid (98,661) (90,151)
Net payments for repurchase of common stock (236,203) (452)
Payments related to tax witholding for share-based compensation (7,983) (6,324)
Net cash provided by financing activities 2,231,198 1,785,452
Net decrease in cash and due from banks, and restricted cash (18,404) (60,316)
Cash and due from banks and restricted cash at beginning of period 429,406 427,575
Cash and due from banks and restricted cash at end of period $ 411,002 $ 367,259