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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net income $ 475,056 $ 562,152 $ 560,742
Operating activities:      
Net amortization/accretion of premium/discount on securities 51,028 58,792 65,838
Depreciation, amortization and accretion 98,582 78,698 62,298
Provision for credit losses 120,589 93,596 67,925
Gains on mortgage loans sold, net (11,136) (6,511) (7,268)
Investment losses (gains) on sales, net 71,854 19,674 (156)
Gain on other equity investments, net (17,112) (8,732) (10,605)
Gain on remeasurement of previously held noncontrolling interest 0 0 (5,500)
Stock-based compensation expense 40,934 41,879 39,552
Deferred tax expense (benefit) (19,351) 72,368 19,740
Losses (gains) on disposition of other real estate and other investments 130 13 (179)
Gain on sale of fixed assets (2,258) (86,048) (457)
Income from equity method investment (63,172) (85,402) (145,466)
Dividends received from equity method investment 71,689 36,694 63,114
Excess tax benefit from stock compensation (2,806) (208) (3,027)
Gains on commercial loans sold, net (1,403) (643) (2,275)
(Increase) decrease in other assets 6,524 (262,851) (82,436)
Increase (decrease) in other liabilities 154,450 7,944 (26,620)
Net cash provided by operating activities 904,306 478,404 604,925
Investing activities:      
Payments to Acquire Debt Securities, Available-for-sale 2,649,357 1,114,808 699,293
Proceeds from Sale of Debt Securities, Available-for-sale 898,880 312,574 29,501
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale 324,630 139,251 417,348
Payments to Acquire Held-to-maturity Securities 5,000 0 968,449
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities 183,341 43,639 74,770
Net decrease (increase) in securities purchased under agreements to resell 491,560 (44,733) 486,724
Increase in loans, net 2,946,232 3,812,426 5,508,750
Payments to Acquire Loans Held-for-investment (10,042) 0 (125,600)
Proceeds from Sale, Loan and Lease, Held-for-Investment 69,812 117,216 0
Purchases of premises and equipment and software 94,516 78,256 63,522
Purchase of bank owned life insurance 0 244,000 100,000
Proceeds from bank owned life insurance settlement 4,160 3,992 1,951
Proceeds from sales of software, premises, and equipment 5,946 198,920 698
Acquisitions, net of cash acquired 0 0 30,896
Proceeds from sale of other real estate 4,308 6,018 994
Purchase of derivative instruments 0 0 (95,734)
Payments for (Proceeds from) Federal Home Loan Bank Stock (5,181) 36,829 12,389
Purchase of other intangible assets 2,499 0 825
Increase in other investments 93,932 92,997 90,967
Net cash used in investing activities (3,672,452) (4,602,439) (6,684,439)
Financing activities:      
Net increase in deposits 4,303,213 3,578,604 3,661,396
Net increase in securities sold under agreements to repurchase 20,755 14,579 42,351
Federal Home Loan Bank: Advances 454,650 3,425,000 500,000
Federal Home Loan Bank: Repayments/maturities 700,034 1,750,001 925,000
Repayments of Notes Payable 0 0 (29,547)
Principal payments of finance lease obligation 384 311 281
Issuance of common stock pursuant to performance-based vesting (PSUs) and time-based vesting (RSUs) restricted stock units, net of shares withheld for taxes and related tax benefit (14,430) (3,725) (5,462)
Proceeds From Stock Options Exercised, Net of Repurchase of Restricted Shares (5,842) 3,215 4,714
Common dividends paid 69,014 68,737 68,194
Preferred stock dividends paid 15,192 15,192 15,192
Net cash provided by financing activities 3,973,722 5,177,002 3,155,357
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 1,205,576 1,052,967 (2,924,157)
Cash, cash equivalents and restricted cash, beginning of year 2,230,349 1,177,382 4,101,539
Cash, cash equivalents and restricted cash, end of year 3,435,925 2,230,349 1,177,382
Proceeds from Life Insurance Policy 141,308 0 0
Commercial Loan [Member]      
Operating activities:      
Payments for Origination and Purchases of Loans Held-for-sale (275,558) (368,588) (498,312)
Proceeds from Sale of Loans Held-for-sale 266,541 381,045 497,180
Consumer Loan [Member]      
Operating activities:      
Payments for Origination and Purchases of Loans Held-for-sale (2,501,976) (1,754,147) (1,578,168)
Proceeds from Sale of Loans Held-for-sale $ 2,441,701 $ 1,698,679 $ 1,589,005