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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 597,983 $ 380,271 $ 498,511
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 38,290 43,789 43,437
Stock-based compensation 27,279 28,988 33,102
Provision for credit losses 139,774 308,830 50,184
Net accretion of discounts and amortization of premium on securities and borrowings (9,237) (3,399) (2,145)
Amortization of other intangible assets 30,428 35,045 39,768
(Gains) losses on available for sale and held to maturity debt securities, net (17) 15 (401)
Proceeds from sales of loans held for sale at fair value 185,226 253,749 205,575
(Gains) losses on sales of loans, net (6,906) 5,840 (6,054)
Originations of loans held for sale (173,493) (244,710) (204,686)
Losses (gains) on sales of assets, net 3 (3,727) (6,809)
Loss on extinguishment of debt 922 0 0
Net deferred income tax expense (benefit) 10,896 (6,139) (9,359)
Net change in:      
Fair value of financial instruments hedged by derivative transactions 11,174 13,402 4,810
Trading debt securities 0 3,973 9,465
Lease right of use assets 11,868 18,467 (37,125)
Cash surrender value of bank owned life insurance (19,704) (16,942) (11,843)
Accrued interest receivable (3,956) 5,557 (48,892)
Other assets 118,872 (263,375) (173,512)
Accrued expenses and other liabilities (615,570) (11,094) (5,834)
Net cash provided by operating activities 343,832 548,540 378,192
Cash flows from investing activities:      
Loans originated and purchased, net of principal collected (1,476,923) (137,723) (3,346,633)
Equity securities:      
Purchases (14,293) (9,950) (14,011)
Sales and capital returns 4,463 1,910 1,850
Held to maturity debt securities:      
Purchases (320,460) (103,256) (302,774)
Maturities, calls and principal repayments 357,008 309,475 379,536
Available for sale debt securities:      
Purchases (1,432,385) (2,387,595) (112,317)
Sales 0 0 18,779
Maturities, calls and principal repayments 704,152 296,860 78,588
Death benefit proceeds from bank owned life insurance 13,188 9,121 5,218
Proceeds from sales of real estate property and equipment 2,277 3,199 18,308
Proceeds from sales of loans not originated for sale 16,628 1,226,759 0
Proceeds from sale of commercial premium finance lending division 0 98,060 0
Purchases of real estate property and equipment (18,098) (16,144) (76,046)
Net cash used in investing activities (2,164,443) (709,284) (3,349,502)
Cash flows from financing activities:      
Net change in deposits 2,106,612 830,609 1,605,915
Net change in short-term borrowings 18,757 (845,116) 779,105
Proceeds from issuance of long-term borrowings, net 210,000 1,001,800 1,251,804
Repayments of long-term borrowings (488,000) (165,000) (475,000)
Proceeds from issuance of preferred stock, net 0 144,654 0
Cash dividends paid to preferred shareholders (28,981) (21,369) (14,338)
Cash dividends paid to common shareholders (248,885) (228,228) (225,411)
Purchase of common shares related to stock compensation plan activity (9,801) (8,867) (9,383)
Purchase of common shares to treasury (63,001) 0 (2,092)
Common stock issued, net 17,506 451,164 4,006
Other, net (156) (3) (18)
Net cash provided by financing activities 1,514,051 1,159,644 2,914,588
Net change in cash and cash equivalents (306,560) 998,900 (56,722)
Cash and cash equivalents at beginning of year 1,890,125 891,225 947,947
Cash and cash equivalents at end of year 1,583,565 1,890,125 891,225
Supplemental disclosures of cash flow information:      
Interest on deposits and borrowings 1,529,721 1,737,721 1,359,534
Federal and state income taxes 53,461 89,701 236,503
Supplemental schedule of non-cash investing activities:      
Transfer of loans to other real estate owned, net 878 12,431 974
Transfer of loans to loans held for sale, net 23,411 1,042,725 10,000
Lease right of use assets obtained in exchange for operating lease liabilities $ 35,504 $ 21,501 $ 81,727