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Condensed 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 $ 390,406 $ 255,184
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Accretion of investment discounts, net (59,383) (47,972)
Gain on sale of investment securities, net (14) (4)
Provision for credit losses 77,725 158,290
Change in cash surrender value of bank-owned life insurance (14,177) (11,484)
Depreciation, amortization and accretion 113,642 102,409
Gain on sale of premises and equipment (2,735) (27,438)
Additions to residential mortgage servicing rights carried at fair value (4,324) (4,427)
Change in fair value of residential mortgage servicing rights carried at fair value 11,648 14,350
Stock-based compensation 15,124 13,317
Net (increase) decrease in equity and other investments (1,969) 273
(Gain) loss on equity securities, net (1,032) 336
Gain on sale of loans and leases, net (5,464) (7,715)
Change in fair value of loans held for sale (1,006) 1,118
Origination of loans held for sale (388,872) (354,535)
Proceeds from sales of loans held for sale 358,518 485,761
Change in other assets and liabilities:    
Net decrease (increase) in other assets 2,606 (26,185)
Net (decrease) increase in other liabilities (87,675) 26,191
Net cash provided by operating activities 403,018 577,469
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of investment securities available for sale (33,506) (920,899)
Proceeds from investment securities available for sale 385,358 1,552,199
Purchases of restricted equity securities (85,500) (238,066)
Redemption of restricted equity securities 148,500 218,696
Net change in loans and leases (279,075) (991,404)
Proceeds from sales of loans and leases 115,045 701,647
Change in premises and equipment 20,028 (44,055)
Proceeds from bank-owned life insurance death benefits 3,965 3,020
Proceeds from sale of mortgage servicing rights 0 57,454
Cash received in the Merger 0 274,587
Other 2,107 468
Net cash provided by investing activities 236,866 701,757
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in deposit liabilities (92,332) (633,969)
Net decrease in federal funds purchased 0 (14,000)
Net decrease in securities sold under agreements to repurchase (68,286) (120,411)
Proceeds from borrowings 3,900,000 12,100,000
Repayment of borrowings (4,200,000) (11,301,522)
Net proceeds from issuance of common stock 0 1,185
Dividends paid on common stock (225,144) (195,351)
Repurchase and retirement of common stock (5,634) (6,106)
Net cash used in financing activities (691,396) (170,174)
Net (decrease) increase in cash and cash equivalents (51,512) 1,109,052
Cash and cash equivalents, beginning of period 2,162,534 1,294,643
Cash and cash equivalents, end of period 2,111,022 2,403,695
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 790,056 456,797
Income taxes 66,482 80,226
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Changes in unrealized gains and losses on investment securities available for sale, net of taxes 103,249 (247,397)
Changes in unrealized gains and losses on junior subordinated debentures carried at fair value, net of taxes 2,966 (6,292)
Transfer of loans to loans held for sale 0 118,085
Umpqua Bank and Columbia Banking System Merger    
Asset Acquisition [Line Items]    
Assets acquired 0 19,230,586
Liabilities assumed 0 (17,920,542)
Net assets acquired $ 0 $ 1,310,044