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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 298,948 $ 177,106
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization/accretion of premium/discount on securities 21,716 27,648
Depreciation, amortization and accretion, net 55,138 47,601
Provision for credit losses 41,205 64,656
Gain on mortgage loans sold, net (4,472) (6,149)
Investment losses on sales, net 12,512 72,103
Gain on other equity investments, net 2,832 6,148
Stock-based compensation expense 21,579 20,961
Deferred tax benefit (6,786) (1,565)
Losses on dispositions of other real estate and other investments 63 63
Gain on sale of fixed assets (412) (383)
Income from equity method investment (46,432) (34,723)
Dividends received from equity method investment 102,157 46,873
Excess tax benefit from stock compensation (3,733) (2,515)
Gain on commercial loans sold, net (606) (369)
Increase in other assets (61,216) (83,051)
Increase (decrease) in other liabilities (175,601) 44,052
Net cash provided by operating activities 240,041 282,975
Activities in securities available-for-sale:    
Purchases (1,313,714) (1,642,975)
Sales 188,486 822,741
Maturities, prepayments and calls 301,848 108,049
Activities in securities held-to-maturity:    
Maturities, prepayments and calls 96,516 17,847
Proceeds from (Payments for) Securities Purchased under Agreements to Resell (26,844) 486,106
Proceeds from Sale, Loan and Lease, Held-for-Investment [Abstract] 1,672,157 1,158,262
Proceeds from Sale, Loan and Lease, Held-for-Investment 9,131 20,470
Purchases of software, premises and equipment (38,484) (44,204)
Proceeds from sales of software, premises and equipment 7,913 684
Proceeds from sale of other real estate 1,050 1,672
Purchase of bank owned life insurance policies (150,000) 0
Proceeds from bank owned life insurance settlements 973 4,160
Proceeds from Life Insurance Policy 0 141,308
Payments for (Proceeds from) Derivative Instrument, Investing Activities (34,686) 0
Proceeds from Sale of Federal Home Loan Bank Stock 10,324  
Proceeds from sale (purchase) of FHLB stock, net   (38)
Payments to Acquire Intangible Assets (900) 0
Increase in other investments, net (68,602) (73,637)
Net cash used in investing activities (2,689,146) (1,316,079)
Financing activities:    
Net increase in deposits 2,156,263 1,230,586
Net increase in securities sold under agreements to repurchase 28,210 11,396
Federal Home Loan Bank: Advances 0 450,000
Federal Home Loan Bank: Repayments/maturities (116,303) (450,000)
Principal payments of finance lease obligation (169) (189)
Restricted shares withheld for taxes & related tax benefits (6,266) (4,584)
Issuance of common stock pursuant to RSU and PSU agreements, net of shares withheld for taxes & related tax benefits (13,189) (14,427)
Common stock dividends paid (37,766) (34,514)
Preferred stock dividends paid (7,596) (7,596)
Net cash provided by financing activities 2,003,184 1,180,672
Net increase (decrease) in cash, cash equivalents, and restricted cash (445,921) 147,568
Cash, cash equivalents, and restricted cash, beginning of period 3,435,925 2,230,349
Cash, cash equivalents, and restricted cash, end of period 2,990,004 2,377,917
Commercial Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loans held-for-sale originated (105,215) (108,808)
Loans held-for-sale sold 115,270 102,411
Consumer Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Loans held-for-sale originated (1,487,234) (1,113,306)
Loans held-for-sale sold $ 1,465,992 $ 1,036,518