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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 102,324 $ 150,710
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 96,522 6,673
Depreciation, amortization and accretion 13,167 23,780
Deferred income tax (benefit) expense (4,103) 2,494
Gain on sale of MSR (1,467) (3,472)
Gain on sale of insurance agency 0 (53,349)
Funding of mortgage loans held for sale (1,220,267) (1,053,190)
Proceeds from sales of mortgage loans held for sale 1,198,088 954,133
Gains on sales of mortgage loans held for sale (15,086) (14,233)
Debt prepayment benefit 0 (56)
(Gains) losses on sales of premises and equipment (347) 11
Stock-based compensation expense 13,527 10,639
Increase (decrease) in other assets 251 (8,108)
Decrease in other liabilities (18,278) (1,712)
Net cash provided by operating activities 164,331 14,320
Investing activities    
Purchases of securities available for sale (1,058,969) (60,656)
Proceeds from sales of securities available for sale 686,485 177,185
Proceeds from call/maturities of securities available for sale 203,429 66,310
Proceeds from call/maturities of securities held to maturity 78,918 76,170
Proceeds from sale of MSR 9,353 23,011
Net increase in loans (929,248) (283,266)
Purchases of premises and equipment (30,337) (10,408)
Proceeds from sales of premises and equipment 1,366 339
Net cash received from sale of insurance agency 0 55,333
Proceeds from surrender of bank-owned life insurance 56,255 0
Net change in FHLB stock (6,130) 2,443
Proceeds from sales of other assets 12,605 1,466
Net cash received in acquisition of businesses 261,483 0
Other, net 3,836 656
Net cash (used in) provided by investing activities (710,954) 48,583
Financing activities    
Net increase (decrease) in noninterest-bearing deposits 46,584 (53,874)
Net increase in interest-bearing deposits 348,575 486,840
Net increase (decrease) in short-term borrowings 199,795 (198,845)
Repayment of long-term debt 0 (245)
Cash paid for dividends (56,578) (39,510)
Proceeds from equity offering 0 217,000
Net cash provided by financing activities 538,376 411,366
Net (decrease) increase in cash and cash equivalents (8,247) 474,269
Cash and cash equivalents at beginning of period 1,092,032 801,351
Cash and cash equivalents at end of period 1,083,785 1,275,620
Supplemental disclosures    
Cash paid for interest 324,630 286,930
Cash paid for income taxes 21,281 27,412
Noncash transactions:    
Transfers of loans to other real estate owned 4,057 3,286
Common stock issued in acquisition of businesses 1,050,821 0
Recognition of operating right-of-use assets 13,282 2,503
Recognition of operating lease liabilities $ 13,282 $ 2,503