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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 231,898 $ 207,386
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,810 18,936
Amortization of intangible assets 6,689 8,652
Provision for credit losses - expense (benefit) 11,984 (53,489)
Deferred income tax expense 42,382 85,969
Stock-based compensation 3,994 4,100
Unrealized gain on derivative instruments (1,502) (3,516)
Net gain on disposals or sales of premises and equipment and other assets (897) (23)
Net gain on sales of loans (4,827) (11,743)
Net amortization of premiums, discounts, and deferred loan fees and costs (7,532) (19,538)
Originations and purchases of loans held for sale (184,544) (386,102)
Sales and repayments of loans held for sale 204,182 413,521
Amortization of broker placement fees 89 177
Net amortization of premiums and discounts on investment securities 2,648 21,798
Decrease in accrued interest receivable 85 10,849
Decrease in accrued interest payable (1,467) (2,217)
Decrease in other assets 663 21,563
Increase (decrease) in other liabilities 14,097 (12,768)
Net cash provided by operating activities 334,752 303,555
Cash flows from investing activities:    
Net (disbursements) repayments on loans held for investment (308,386) 552,426
Proceeds from sales of loans held for investment 39,069 63,509
Proceeds from sales of repossessed assets 31,638 42,711
Purchases of available-for-sale debt securities (512,327) (3,290,077)
Proceeds from principal repayments and maturities of available-for-sale debt securities 515,602 1,149,394
Purchases of held-to-maturity debt securities (289,784) 0
Proceeds from principal repayments and maturities of held-to-maturity debt securities 23,320 12,678
Additions to premises and equipment (15,442) (10,783)
Proceeds from sales of premises and equipment and other assets 1,138 807
Net redemptions of other investment securities 6,988 122
Payment related to previous acquisition 0 (3,382)
Net cash used in investing activities (508,184) (1,482,595)
Cash flows from financing activities:    
Net (decrease) increase in deposits (1,221,614) 2,662,219
Repayments of long-term borrowings (300,000) (120,000)
Repurchase of outstanding common stock (227,256) (152,100)
Dividends paid on common stock (65,766) (44,732)
Dividends paid on preferred stock 0 (2,007)
Net cash (used in) provided by financing activities (1,814,636) 2,343,380
Net (decrease) increase in cash and cash equivalents (1,988,068) 1,164,340
Cash and cash equivalents at beginning of period 2,543,058 1,493,833
Cash and cash equivalents at end of period 554,990 2,658,173
Cash and cash equivalents include:    
Cash and due from banks 552,933 2,655,491
Money market instruments 2,057 2,682
Cash and Cash Equivalents, at Carrying Value, Total $ 554,990 $ 2,658,173