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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net income $ 323,797 $ 467,173
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 38,956 44,635
Depreciation, amortization and accretion 72,677 59,417
Provision for credit losses 90,937 77,282
Gain on mortgage loans sold, net (8,792) (5,632)
Investment losses on sales, net 72,103 19,688
Gain on other equity investments, net 12,375 9,512
Stock-based compensation expense 31,405 29,573
Deferred tax expense (benefit) (9,387) 11,891
Losses on dispositions of other real estate and other investments 95 82
Gain on sale of fixed assets (2,220) 85,946
Income from equity method investment (51,102) (70,970)
Dividends received from equity method investment 71,689 33,159
Excess tax benefit from stock compensation (2,646) (241)
Gain on commercial loans sold, net (655) (408)
Increase in other assets (138,818) (189,302)
Increase (decrease) in other liabilities (7,030) 61,005
Net cash provided by operating activities 404,361 371,263
Activities in securities available-for-sale:    
Purchases (2,088,271) (914,989)
Sales 822,741 303,145
Maturities, prepayments and calls 240,209 108,371
Activities in securities held-to-maturity:    
Maturities, prepayments and calls 82,283 38,677
Proceeds from Securities Purchased under Agreements to Resell 491,529 13,276
Proceeds from Sale, Loan and Lease, Held-for-Investment [Abstract] 1,728,915 3,062,357
Proceeds from Sale, Loan and Lease, Held-for-Investment 30,715 117,216
Purchases of software, premises and equipment (69,542) (61,870)
Proceeds from sales of software, premises and equipment 5,819 198,414
Proceeds from sale of other real estate 3,527 5,749
Proceeds from bank owned life insurance settlements 4,160 3,221
Proceeds from Life Insurance Policy 141,308 0
Proceeds from Sale of Federal Home Loan Bank Stock 276  
Proceeds from sale (purchase) of FHLB stock, net   36,722
Increase in other investments, net (74,565) (49,750)
Net cash used in investing activities (2,138,726) (3,337,619)
Financing activities:    
Net increase in deposits 2,415,102 3,334,595
Net increase in securities sold under agreements to repurchase 467 1,089
Federal Home Loan Bank: Advances 454,650 3,425,000
Federal Home Loan Bank: Repayments/maturities (450,009) (1,750,000)
Principal payments of finance lease obligation (286) (224)
Issuance of common stock pursuant to RSA, RSU and PSU agreements, net of shares withheld for taxes (5,161) (3,645)
Exercise of common stock options, net of shares surrendered for taxes (14,430) (2,794)
Common stock dividends paid (51,759) (51,551)
Preferred stock dividends paid (11,394) (11,394)
Net cash provided by financing activities 2,337,180 4,941,076
Net increase in cash, cash equivalents, and restricted cash 602,815 1,974,720
Cash, cash equivalents, and restricted cash, beginning of period 2,230,349 1,177,382
Cash, cash equivalents, and restricted cash, end of period 2,833,164 3,152,102
Commercial Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loans held-for-sale originated (163,750) (315,209)
Loans held-for-sale sold 165,067 316,198
Consumer Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loans held-for-sale originated (1,815,736) (1,294,384)
Loans held-for-sale sold $ 1,750,146 $ 1,222,764