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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ 216,354 $ 212,465 $ 193,100
Adjustments to reconcile to net cash provided by operating activities:      
Provision for credit losses 9,004 7,458 10,076
Depreciation and amortization 21,681 22,189 22,048
Net amortization of securities premiums and discounts (1,052) (1,269) 2,619
Realized securities losses (97) 1,828 1,833
Gain on sales of loans (2,676) (2,607) (4,548)
Cash receipts from the sale of loans originated for sale 154,993 149,825 246,499
Cash disbursements for loans originated for sale (156,901) (144,476) (223,407)
Deferred income tax (benefit) provision (2,203) (2,787) 322
Gain on sale of other real estate owned and other assets (1,448) (2,330) (4,682)
Increase in interest receivable (636) (9,876) (16,914)
Increase in interest payable 6,453 7,719 3,192
Stock-based compensation arrangements 3,452 2,999 1,941
Excess tax benefit from stock-based compensation arrangements (4,071) (899) (3,325)
Other, net 18,347 (7,194) (2,482)
Net cash provided by operating activities 261,200 233,045 226,272
INVESTING ACTIVITIES      
Net cash received from acquisitions, net of cash paid   8,045 121,099
Net decrease in federal funds sold 601 1,534 563
Purchases of available for sale debt securities (375,443) (454,019) (1,881,784)
Proceeds from maturities, calls and paydowns of held for investment debt securities 354 1,351 74
Proceeds from maturities, calls and paydowns of available for sale debt securities 741,946 467,601 550,018
Proceeds from sales of available for sale debt securities 0 0 222,474
Purchase of equity securities (409) (310) (4,309)
Proceeds from paydowns and sales of equity securities 405 850 1,620
Net change in loans (387,852) (719,287) (521,220)
Net (payments) receipts on derivative asset contracts (15,356) 21,192 7,294
Purchases of premises, equipment and computer software (36,652) (22,504) (19,785)
Purchase of tax credits (12,641) (7,635) (9,706)
Other, net 13,657 33,477 14,494
Net cash used in investing activities (71,390) (669,705) (1,519,168)
FINANCING ACTIVITIES      
Net change in deposits 1,018,424 (284,919) 2,452,297
Net change in short-term borrowings (3,351) 3,051 300
Issuance of common stock in connection with stock options, net 9,199 2,543 7,649
Common stock acquired   (1,820)  
Cash dividends paid (57,773) (53,642) (48,462)
Net cash provided (used in) by financing activities 966,499 (334,787) 2,411,784
Net increase/(decrease) in cash, due from banks and interest-bearing deposits 1,156,309 (771,447) 1,118,888
Cash, due from banks and interest-bearing deposits at the beginning of the period 2,397,463 3,168,910 2,050,022
Cash, due from banks and interest-bearing deposits at the end of the period 3,553,772 2,397,463 3,168,910
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid during the period for interest 270,812 191,760 42,930
Cash paid during the period for income taxes 46,558 52,398 34,640
Noncash investing and financing activities:      
Cash (received)/paid for acquisitions   (7,833) 77,685
Fair value of assets acquired in acquisitions   2,981 511,595
Liabilities assumed in acquisitions   10,814 433,911
Unpaid common stock dividends declared $ 15,279 $ 14,161 $ 13,150