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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 402,241 $ 392,929 $ 305,262
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation & amortization 29,198 30,929 31,856
(Increase) decrease in value of equity securities (2,971) 1,094 1,272
Amortization of securities, net 14,446 16,491 20,335
Accretion of purchased loans (8,133) (10,587) (16,341)
Share-based compensation 9,222 9,274 9,133
Gain on assets (542) (2,117) (698)
Provision for credit losses - loans 48,400 11,950 50,170
Provision for credit losses - unfunded commitments 0 (1,500) 11,410
Provision for credit losses - investment securities (330) 1,683 2,005
Deferred income taxes 8,304 (4,077) 2,213
Increase in cash value of life insurance (4,850) (4,655) (3,800)
Originations of mortgage loans held for sale (630,181) (480,847) (510,136)
Proceeds from sales of mortgage loans held for sale 633,384 437,248 503,020
Changes in assets and liabilities:      
Accrued interest receivable (1,163) (15,767) (24,473)
Other assets (22,806) (1,654) 9,342
Accrued interest payable and other liabilities (13,573) (724) 22,602
Net cash provided by operating activities 460,646 379,670 413,172
Investing Activities      
Net decrease (increase) in federal funds sold 1,375 (5,100) 0
Net increase in loans, excluding loans acquired (420,984) (9,037) (673,883)
Purchases of investment securities – available-for-sale (64,073) (9,894) (1,258,403)
Purchases of investment securities - held-to-maturity 0 0 (674,178)
Proceeds from maturities of investment securities – available-for-sale 480,074 597,912 496,551
Proceeds from maturities of investment securities – held-to-maturity 6,993 5,897 501,529
Proceeds from sale of investment securities – available-for-sale 0 0 67,349
Purchases of equity securities 0 0 (49,975)
Proceeds from sales of equity securities 3,436 1,522 13,778
Purchases of other investments 0 (3,364) (60,889)
Proceeds from redemption of other investments 643 0 0
Proceeds from foreclosed assets held for sale 2,293 1,292 2,319
Proceeds from sale of SBA loans 8,519 3,968 4,304
Purchases of premises and equipment (38,531) (22,465) (19,579)
Proceeds from sales of premises and equipment 26,268 13,915 10,563
(Purchase of) return of investment on cash value of life insurance (346) 3,813 277
Purchase of marine loan portfolio 0 0 (242,617)
Net cash proceeds received – market acquisitions 0 0 858,584
Net cash provided by (used in) investing activities 5,667 578,459 (1,024,270)
Financing Activities      
Net increase (decrease) in deposits, excluding deposits acquired 358,586 (1,151,072) (2,177,058)
Net increase (decrease) in securities sold under agreements to repurchase 20,265 10,939 (9,740)
Increase in FHLB and other borrowed funds 1,401,000 6,476,550 601,000
Decrease in FHLB and other borrowed funds (2,101,550) (5,825,250) (429,330)
Retirement of subordinated debentures 0 0 300,000
Proceeds from issuance of subordinated debentures 0 0 296,324
Redemption of trust preferred securities 0 0 (96,499)
Proceeds from exercise of stock options 2,016 802 156
Repurchase of common stock (86,493) (48,771) (70,856)
Dividends paid on common stock (150,003) (145,904) (128,424)
Net cash (used in) provided by financing activities (556,179) (682,706) (2,314,427)
Net change in cash and cash equivalents (89,866) 275,423 (2,925,525)
Cash and cash equivalents – beginning of year 1,000,213 724,790 3,650,315
Cash and cash equivalents – end of year $ 910,347 $ 1,000,213 $ 724,790