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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 92,987 $ 61,941
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 13,898 10,925
Depreciation and amortization of premises and equipment 7,222 7,796
Net amortization of investment securities premiums 328 574
Net accretion of loan discounts (13,134) 0
Investment securities losses (gains), net 2 0
Gain on sales of mortgage loans held for sale (1,665) (1,697)
Proceeds from sales of mortgage loans held for sale 101,038 95,388
Originations of mortgage loans held for sale (89,720) (89,157)
Intangible amortization 6,269 573
Amortization of issuance costs and discounts on long-term borrowings 80 182
Gain (loss) on disposal of premises and equipment (119) 3,313
Gain on sale-leaseback transaction (416) 0
Stock-based compensation 2,097 836
Net change in deferred income tax 4,418 (2,330)
Net change in accrued salaries and benefits (29,799) (14,771)
Net change in life insurance cash surrender value (2,027) (3,563)
Other changes, net (90,756) 82,891
Total adjustments (92,284) 90,960
Net Cash Provided by Operating Activities 703 152,901
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS investment securities 14,966 0
Proceeds from principal repayments and maturities of AFS investment securities 84,051 14,216
Proceeds from principal repayments and maturities of HTM investment securities 19,727 13,015
Purchase of AFS investment securities (252,330) (208,968)
Purchase of HTM investment securities (118,967) 0
Net change in FRB and FHLB stock 3,410 2,768
Net change in loans 182,888 (101,987)
Net purchases of premises and equipment (9,356) (1,769)
Settlement of bank owned life insurance 1,385 236
Proceeds from sale-leaseback transaction 11,323 0
Net change in tax credit investments (11,445) (17,399)
Net Cash (Used in) Investing Activities (74,348) (299,888)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in demand and savings deposits 313,370 (200,119)
Net change in time deposits and brokered deposits (113,831) 404,446
Net change in borrowings (124,928) (191,668)
Net proceeds from common stock 1,550 1,002
Dividends paid (35,381) (28,703)
Acquisition of treasury stock (550) (30,348)
Net Cash Provided by (Used in) Financing Activities 40,230 (45,390)
Net decrease in Cash and Cash Equivalents (33,415) (192,377)
Cash and Cash Equivalents at Beginning of Period 1,063,871 549,710
Cash and Cash Equivalents at End of Period 1,030,456 357,333
Cash paid during the period for:    
Interest 153,111 141,450
Income taxes 7,677 6,764
Supplemental Schedule of Certain Noncash Activities:    
non-cash activities Unsettled maturities of AFS securities $ 0 $ 42,500