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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 599,259 $ 436,395
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 188,147 190,840
Goodwill impairment charge 13,000 0
Amortization of intangibles 1,366 2,233
Depreciation and amortization of premises and equipment 38,901 46,720
Net accretion of discounts and amortization of premiums and deferred fees (203,871) (196,221)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives (4,729) (5,933)
Share-based compensation 23,574 17,853
Fair value adjustments on mortgage servicing rights 9,359 10,280
Adjustments to indemnity reserves on loans sold (329) (783)
Earnings from investments under the equity method, net of dividends or distributions (13,760) (12,723)
Deferred income tax expense 26,666 19,247
Gain on:    
Disposition of premises and equipment and other productive assets (31) (7,651)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (103) (396)
Sale of equity method investment (1,226) 0
Sale of foreclosed assets, including write-downs (8,722) (13,590)
Acquisitions of loans held-for-sale (4,135) (5,810)
Proceeds from sale of loans held-for-sale 26,924 28,697
Net originations on loans held-for-sale (22,184) (31,284)
Net decrease (increase) in:    
Trading debt securities 6,561 10,445
Equity securities (4,827) (7,337)
Accrued income receivable (33,921) 6,032
Other assets (4,008) 15,425
Net increase (decrease) in:    
Interest payable (7,042) (4,785)
Pension and other postretirement benefits obligation 3,372 5,937
Other liabilities (18,266) (28,352)
Total adjustments 10,716 38,844
Net cash provided by operating activities 609,975 475,239
Cash flows from investing activities:    
Net decrease in money market investments 1,626,969 469,042
Purchases of investment securities:    
Available-for-sale (28,253,550) (24,469,345)
Equity (37,006) (2,370)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 26,178,815 24,670,995
Held-to-maturity 456,532 508,511
Proceeds from sale of investment securities:    
Equity 32,506 5,242
Net disbursements on loans (1,342,325) (833,899)
Proceeds from sale of loans 61,379 18,266
Acquisition of loan portfolios (480,793) (510,556)
Return of capital from equity method investments 2 279
Payments to acquire equity method investments (687) (1,250)
Net proceeds from sale of equity method investment 1,226 0
Acquisition of premises and equipment and other productive assets (150,079) (153,085)
Proceeds from sale of:    
Premises and equipment and other productive assets 494 5,570
Foreclosed assets 67,911 82,986
Net cash used in investing activities (1,838,606) (209,614)
Net increase in:    
Deposits 1,626,359 46,924
Assets sold under agreements to repurchase 2,020 (36,024)
Other short-term borrowings 175,000 0
Payment of notes payable (113,522) (69,570)
Principal payments of finance leases (2,894) (2,717)
Proceeds from issuance of notes payable 6,112 0
Proceeds from issuance of common stock 5,294 5,271
Dividends paid (146,840) (135,495)
Net payments for repurchase of common stock (356,975) (59,556)
Payments related to tax witholding for share-based compensation (8,070) (6,367)
Net cash provided by financing activities 1,186,484 (257,534)
Net (decrease) increase in cash and due from banks, and restricted cash (42,147) 8,091
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 $ 387,259 $ 435,666