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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 533,675 $ 348,715 $ 336,752
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income tax expense 30,839 12,895 14,383
(Accretion) amortization of investment (discounts) premiums, net (78,465) (67,702) 6,601
Gain on sale of investment securities, net (24) (13) (2)
Provision for credit losses 105,924 213,199 84,016
Change in cash surrender value of bank-owned life insurance (19,083) (15,962) (8,353)
Depreciation, amortization and accretion 149,869 144,252 28,305
Gain on sale of premises and equipment (2,908) (31,472) (2,747)
Additions to residential mortgage servicing rights carried at fair value (6,452) (5,347) (24,137)
Change in fair value of residential mortgage servicing rights carried at fair value 7,337 23,816 (37,265)
Stock-based compensation 20,426 18,073 9,753
Net (increase) decrease in equity and other investments (1,530) (448) 1,156
Loss (gain) on equity securities, net 392 (2,300) 7,099
(Gain) loss on sale of loans and leases, net (4,982) (10,200) 1,953
Change in fair value of loans held for sale (19) 341 10,670
Origination of loans held for sale (563,918) (441,568) (1,839,466)
Proceeds from sales of loans held for sale 528,206 602,634 2,076,548
Change in other assets and liabilities:      
Net (increase) decrease in other assets (38,088) (24,163) 169,540
Net (decrease) increase in other liabilities (2,333) (94,910) 230,223
Net cash provided by operating activities 658,866 669,840 1,065,029
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of investment securities available for sale (69,611) (926,216) (276,812)
Proceeds from investment securities available for sale 552,369 1,694,850 396,100
Purchases of restricted equity securities (144,001) (290,817) (180,543)
Redemption of restricted equity securities 173,251 260,697 144,315
Net change in loans and leases (516,630) (1,335,189) (3,744,493)
Proceeds from sales of loans and leases 145,680 748,264 148,978
Change in premises and equipment 35,665 (40,688) 27,086
Proceeds from bank-owned life insurance death benefits 5,804 4,799 4,339
Purchase of bank-owned life insurance 0 28,243 0
Proceeds from sale of mortgage servicing rights 0 57,305 0
Cash received in the Merger 0 274,587 0
Other 3,374 1,011 2,110
Net cash provided by (used in) investing activities 114,571 501,736 (3,533,092)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposit liabilities 113,712 (651,130) 470,945
Net decrease in federal funds purchased 0 (14,000) 0
Net decrease in securities sold under agreements to repurchase (15,492) (126,675) (183,478)
Proceeds from borrowings 4,900,000 17,350,000 1,650,000
Repayment of borrowings (5,750,000) (16,586,522) (750,000)
Net proceeds from issuance of common stock 0 1,185 54
Dividends paid on common stock (300,221) (270,261) (182,273)
Repurchase and retirement of common stock (5,715) (6,282) (4,163)
Net cash (used in) provided by financing activities (1,057,716) (303,685) 1,001,085
Net (decrease) increase in cash and cash equivalents (284,279) 867,891 (1,466,978)
Cash and cash equivalents, beginning of period 2,162,534 1,294,643 2,761,621
Cash and cash equivalents, end of period 1,878,255 2,162,534 1,294,643
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Interest 1,077,870 692,991 71,209
Income taxes 101,476 138,910 71,804
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Changes in unrealized gains and losses on investment securities available for sale, net of taxes (111,597) 80,800 (407,199)
Changes in unrealized gains and losses on junior subordinated debentures carried at fair value, net of taxes (10,961) 5,821 (21,424)
Transfer of loans to loans held for sale 0 118,085 0
Transfer of loans held for sale to loans held for investment 2,746 5,754 25,057
Umpqua Bank and Columbia Banking System Merger      
Asset Acquisition [Line Items]      
Assets acquired 0 19,230,586 0
Liabilities assumed 0 (17,920,542) 0
Net assets acquired $ 0 $ 1,310,044 $ 0