XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income $ 608,496 $ 290,074
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for (reversal of) credit losses 35,855 103,818
Depreciation, amortization, and accretion, net 41,795 47,548
Deferred income tax expense (benefit) 8,100 15,016
Originations of loans held for sale (5,760,855) (4,540,026)
Proceeds from sales and payments on loans held for sale 5,712,111 4,479,035
Gain on sales of loans held for sale, net (9,236) (7,973)
(Increase) decrease in other assets 138,363 (275,999)
Increase (decrease) in other liabilities (354,615) 169,197
Investment securities (gains) losses, net (1,742) 256,660
Share-based compensation expense 23,649 24,063
Net gain on sales of other real estate and other assets held for sale (1,066) (1,202)
Net cash provided by (used in) operating activities 440,855 560,211
Investing Activities    
Proceeds from maturities and principal collections of investment securities held to maturity 180,373 129,572
Proceeds from maturities and principal collections of investment securities available for sale 424,674 477,981
Proceeds from sales of investment securities available for sale 173,996 1,365,923
Purchases of investment securities available for sale (366,836) (2,255,313)
Net proceeds from sales of loans 14,379 25,125
Net (increase) decrease in loans (1,227,629) 139,975
Net (purchases) redemptions of Federal Home Loan Bank stock (76,271) (3,587)
Net (purchases) redemptions of Federal Reserve Bank stock (315) (12,341)
Net proceeds from settlement (purchases) of bank-owned life insurance policies 11,766 2,324
Net increase in premises, equipment and software (21,760) (44,384)
Proceeds from sales of other real estate and other assets held for sale 4,374 25,534
Net cash provided by (used in) investing activities (883,249) (149,191)
Financing Activities    
Net increase (decrease) in deposits (1,104,275) (562,130)
Net increase (decrease) in federal funds purchased, securities sold under repurchase agreements, and other short-term borrowings (69,261) (98,515)
Repayments and redemption of long-term debt (900,000) (1,075,000)
Proceeds from long-term debt, net 2,150,000 1,150,000
Dividends paid to common shareholders (162,517) (166,170)
Dividends paid to preferred shareholders (34,122) (29,119)
Repurchases of common stock (142,269) (222,646)
Issuances, net of taxes paid, under equity compensation plans (14,942) (5,254)
Net cash provided by (used in) financing activities (277,386) (1,008,834)
Increase (decrease) in cash and cash equivalents including restricted cash (719,780) (597,814)
Cash, cash equivalents, and restricted cash, at beginning of period 2,993,987 2,451,426
Cash, cash equivalents, and restricted cash at end of period 2,274,207 1,853,612
Supplemental Disclosures:    
Income taxes paid 97,926 33,517
Interest paid 977,259 1,130,654
Non-cash Activities    
Loans foreclosed and transferred to other real estate 22,395 21,992
Investment securities transferred from available for sale to held to maturity $ 0 $ 2,715,635