XML 15 R8.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 47,422 $ 119,504
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,282 7,792
Provision for credit losses 13,172 10,462
Gain on other real estate and foreclosed assets (424) (446)
Deferred tax expense 5,950 13,364
Increase cash surrender value of life insurance contracts (7,194) (4,119)
Loss on disposal of assets 143 34
Loss on securities transactions, net 98,595  
Net increase in loans held for sale (30,323) (4,703)
Net amortization of securities premium/discount 3,482 3,405
Amortization of intangible assets 2,548 2,113
Stock-based compensation expense 5,625 5,921
Net change in derivative collateral liability 7,597 (15,482)
Net decrease in interest payable and other liabilities (35,995) (39,021)
Net (increase) decrease in other assets (913) 4,164
Other, net (1,595) 1,194
Net cash provided by operating activities 114,372 104,182
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 1,414,258  
Proceeds from maturities of securities available for sale 134,248 92,303
Purchases of securities available for sale (1,596,040) (155,951)
Proceeds from maturities of securities held to maturity 79,607 72,797
Proceeds from termination of fair value hedges 1,657  
Net decrease in short-term investments (91,440) 98,257
Net (purchase) redemption of Federal Home Loan Bank stock (15,239) 2,194
Proceeds from sales of loans and leases 63,777 30,245
Net (increase) decrease in loans (113,911) 159,669
Purchases of property and equipment (5,926) (3,951)
Proceeds from sales of other real estate and foreclosed assets 4,821 1,362
Other, net 1,313 (5,679)
Net cash provided by (used in) investing activities (122,875) 291,246
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in deposits (197,640) (298,118)
Net increase (decrease) in short-term borrowings 343,159 (96,235)
Dividends paid (42,072) (39,582)
Payroll tax remitted on net share settlement of equity awards (9,016) (6,392)
Proceeds from dividend reinvestment and stock purchase plans 1,211 1,083
Repurchase of common stock (94,610) (20,747)
Net cash provided by (used in) financing activities 1,032 (459,991)
NET DECREASE IN CASH AND DUE FROM BANKS (7,471) (64,563)
CASH AND DUE FROM BANKS, BEGINNING 562,995 574,910
CASH AND DUE FROM BANKS, ENDING 555,524 510,347
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 1,866 $ 2,319