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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income $ 88,228 $ 41,518
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 8,080 4,750
Depreciation, amortization and accretion 273 8,360
Deferred income tax expense 6,827 954
Funding of mortgage loans held for sale (342,536) (303,158)
Proceeds from sales of mortgage loans held for sale 380,395 328,897
Gains on sales of mortgage loans held for sale (5,305) (4,500)
Losses (gains) on sales of premises and equipment 10 (271)
Stock-based compensation 5,474 3,780
Income from bank-owned life insurance (3,689) (2,929)
Net change in operating leases 1,496 1,335
(Decrease) in other assets (25,228) (8,613)
Decrease in other liabilities (13,970) (20,025)
Net cash provided by operating activities 100,055 50,098
Investing activities    
Purchases of securities available for sale (378,991) (175,815)
Proceeds from call/maturities of securities available for sale 116,604 30,958
Proceeds from call/maturities of securities held to maturity 24,859 25,831
Net decrease (increase) in loans 79,767 (171,186)
Purchases of premises and equipment (6,327) (4,817)
Proceeds from sales of premises and equipment 12 1,267
Proceeds from surrender of bank-owned life insurance 0 56,255
Purchases of FHLB stock 16,015 0
Proceeds from redemption of FHLB stock (1,175) (222)
Purchases of FRB stock (91,127) 0
Proceeds from sales of other assets 6,151 746
Other, net 1,356 982
Net cash used in investing activities (232,856) (236,001)
Financing activities    
Net increase in deposits 626,414 199,483
Net decrease in short-term borrowings (249,911) (3)
Cash paid for dividends (21,634) (14,270)
Repurchase of shares in connection with stock repurchase program (75,806) 0
Net cash provided by financing activities 279,063 185,210
Net increase (decrease) in cash and cash equivalents 146,262 (693)
Cash and cash equivalents at beginning of period 1,070,718 1,092,032
Cash and cash equivalents at end of period 1,216,980 1,091,339
Supplemental disclosures    
Cash paid for interest 113,261 85,839
Cash paid for income taxes 2,761 0
Noncash transactions:    
Transfers of loans to other real estate owned 4,955 1,296
Recognition of operating right-of-use assets and liabilities $ 2,053 $ 565