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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 $ 156,033 $ 132,688
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,172 10,107
Amortization of intangible assets 10,109 10,822
Net amortization on securities, loans, finance leases and borrowings 10,200 6,996
Stock-based compensation 7,888 6,506
Provision for credit losses 16,371 16,565
Amortization of mortgage servicing rights 577 537
Loss on sales of investment securities 0 487
Unrealized gain on equity securities (480) (984)
Income from bank-owned life insurance policies (2,273) (1,817)
Net gain on sale of assets (1,510) (1,157)
Change in other assets and liabilities 9,197 (4,212)
Net cash provided by operating activities 217,284 176,538
Investing activities:    
Proceeds from maturities, calls, and paydowns of available-for-sale investment securities 41,457 46,205
Proceeds from maturities, calls, and paydowns of held-to-maturity investment securities 18,705 4,015
Proceeds from maturities and redemptions of equity and other investment securities, net 9,822 261
Proceeds from sales of available-for-sale investment securities 0 57,539
Purchases of held-to-maturity investment securities (94,010) (128,811)
Purchases of equity and other securities, net (738) (8,689)
Net increase in loans (355,486) (573,533)
Cash paid for acquisitions, net of cash received (4,472) (11,553)
Purchases of equity method investments (37,350) 0
Proceeds from sales of premises, equipment and other assets 1,799 3,081
Purchases of premises and equipment (45,520) (13,501)
Net cash used in investing activities (465,793) (624,986)
Financing activities:    
Net increase in deposits 615,143 548,050
Net decrease in overnight borrowings (50,100) (53,000)
Net (decrease) increase in securities sold under agreement to repurchase, short-term (37,384) 12,853
Proceeds from other Federal Home Loan Bank borrowings 0 250,000
Payments on and maturities of other Federal Home Loan Bank borrowings (147,813) (35,415)
Payments of contingent consideration for acquisitions (932) (2,690)
Proceeds from the issuance of common stock for employee stock plans 4,614 2,702
Purchases of treasury stock (11,124) (45,982)
Cash dividends paid (72,826) (71,608)
Withholding taxes paid on share-based compensation (2,826) (1,314)
Net cash provided by financing activities 296,752 603,596
Change in cash, cash equivalents and restricted cash 48,243 155,148
Cash, cash equivalents and restricted cash at beginning of period 197,004 190,962
Cash, cash equivalents and restricted cash at end of period 245,247 346,110
Supplemental disclosures of cash flow information:    
Cash paid for interest 146,034 143,072
Cash paid for income taxes 31,841 32,948
Supplemental disclosures of noncash financing and investing activities:    
Dividends declared and unpaid 24,975 24,324
Transfers from loans to other real estate 6,792 2,021
Transfers from premises and equipment, net to other assets 278 2,398
Finance lease right of use asset in exchange for finance lease liability 0 8,608
Acquisitions:    
Fair value of assets acquired, excluding acquired cash and intangibles 98 447
Fair value of liabilities assumed 209 1,906
Contingent consideration in exchange for acquired assets $ 4,099 $ 3,416