XML 20 R8.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 192,185 $ 156,916
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 22,505 42,981
Depreciation and amortization of premises and equipment 14,286 15,673
Net amortization of investment securities premiums 974 822
Net accretion of loan discounts (24,574) (10,366)
Investment securities losses (gains), net 2 20,282
Gain on sales of mortgage loans held for sale (4,287) (4,233)
Proceeds from sales of mortgage loans held for sale 243,373 243,130
Originations of mortgage loans held for sale (236,749) (250,561)
Intangible amortization 11,729 5,261
Amortization of issuance costs and discounts on long-term borrowings 160 357
Gain on acquisition, net of tax 0 (47,392)
Gain (loss) on disposal of premises and equipment (284) 222
Gain on sale-leaseback transaction (606) (20,266)
Stock-based compensation 5,514 3,779
Net change in deferred income tax (1,766) 14,491
Net change in accrued salaries and benefits (14,833) (134)
Net change in life insurance cash surrender value (5,502) (7,051)
Other changes, net (109,675) 146,747
Total adjustments (99,733) 153,742
Net Cash Provided by Operating Activities 92,452 310,658
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS investment securities 14,966 2,261,028
Proceeds from principal repayments and maturities of AFS investment securities 270,296 120,714
Proceeds from principal repayments and maturities of HTM investment securities 44,319 26,542
Purchase of AFS investment securities (492,443) (1,050,738)
Purchase of HTM investment securities (118,967) 0
Net change in FRB and FHLB stock (1,941) (892)
Net change in loans 32,648 (203,791)
Net purchases of premises and equipment (13,481) (3,542)
Settlement of bank owned life insurance 1,385 963
Proceeds from sale-leaseback transaction 11,323 51,123
Net cash received (paid) for acquisitions 0 1,018,371
Net change in tax credit investments (18,106) (24,292)
Net Cash (Used in) Provided by Investing Activities (270,001) 2,195,486
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in demand and savings deposits 67,301 (11,999)
Net change in time deposits and brokered deposits (58,667) (78,295)
Net change in borrowings (8,308) (1,745,262)
Net proceeds from common stock 3,900 270,197
Dividends paid (70,809) (63,865)
Acquisition of treasury stock (15,075) (30,348)
Net Cash Used in Financing Activities (81,658) (1,659,572)
Net (decrease) increase in Cash and Cash Equivalents (259,207) 846,572
Cash and Cash Equivalents at Beginning of Period 1,063,871 549,710
Cash and Cash Equivalents at End of Period 804,664 1,396,282
Cash paid during the period for:    
Interest 300,395 277,841
Income taxes 52,629 19,308
Supplemental Schedule of Certain Noncash Activities:    
Fair value of tangible assets acquired 0 4,718,909
Intangible assets 0 5,560,160
Liabilities assumed 0 55,906
PCD Loans credit discount $ 0 $ 92,600