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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 230,129 $ 234,983 $ 265,685
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 14,750 26,630 1,392
Depreciation, amortization and accretion, net 38,012 42,767 56,747
Deferred income tax (benefit) provision (11,287) (13,656) 22,138
Stock-based compensation 11,889 9,609 10,298
Gain on property insurance proceeds (2,559)    
Other (gains) losses (164) (5,834) 2,822
Originations of loans held for sale (38,242) (21,324) (15,694)
Proceeds from sales of loans held for sale 37,933 22,240 15,234
Net losses (gains) on investment securities 26,171 (792)  
Change in assets and liabilities:      
Net decrease (increase) in other assets 18,109 (40,156) 18,469
Net (decrease) increase in other liabilities (7,228) 559 53,523
Net cash provided by operating activities 317,513 255,026 430,614
Available-for-sale securities:      
Proceeds from maturities and principal repayments 293,295 431,535 873,747
Proceeds from calls and sales 335,884 510,837 1,080
Purchases (291,779)   (938,268)
Held-to-maturity securities:      
Proceeds from maturities and principal repayments 287,228 311,195 350,593
Proceeds from calls 1,945 8,290 585
Purchases     (79,470)
Other investments:      
Proceeds from sales 15,427 131,288 7,967
Purchases (42,052) (133,212) (31,087)
Loans:      
Net increase in loans and leases resulting from originations and principal repayments (62) (177,923) (914,318)
Proceeds from sales of loans originated for investment 27,526   288
Purchases of loans (58,628) (57,879) (235,884)
Proceeds from bank-owned life insurance 5,879 8,486  
Proceeds from property insurance 2,559    
Purchases of premises, equipment and software (28,774) (15,988) (13,295)
Proceeds from sales of premises and equipment   8,509 17,304
Other 104 34 (4,342)
Net cash provided by (used in) investing activities 548,552 1,025,172 (965,100)
Cash flows from financing activities      
Net decrease in deposits (1,010,441) (356,372) (127,117)
Proceeds from short-term borrowings 250,000    
Repayment of short-term borrowings (500,000)    
Net (decrease) increase in other short-term borrowings   75,000 (75,000)
Proceeds from long-term borrowings   500,000  
Dividends paid (132,798) (132,646) (132,588)
Stock tendered for payment of withholding taxes (2,778) (3,215) (3,555)
Proceeds from employee stock purchase plan 245 308 379
Common stock repurchased (40,000)   (9,478)
Net cash used in financing activities (1,435,772) (66,925) (197,359)
Net increase (decrease) in cash and cash equivalents (569,707) 1,213,273 (731,845)
Cash and cash equivalents at beginning of year 1,739,897 526,624 1,258,469
Cash and cash equivalents at end of year 1,170,190 1,739,897 526,624
Supplemental disclosures      
Interest paid 362,519 262,186 44,325
Income taxes paid, net of income tax refunds 36,268 54,021 24,692
Noncash investing and financing activities:      
Transfers from loans and leases and other assets to other real estate owned     226
Operating lease right-of-use assets obtained in exchange for new lease obligations 5,396 4,775 4,676
Transfers to loans and leases from loans held for sale     546
Transfers to loans held for sale from loans and leases 27,096 1,133  
Obligation to fund low-income housing partnerships 56,640 $ 63,086 7,569
Stock repurchase excise tax settled in subsequent period $ 341    
Transfers of securities from available-for-sale to held-to-maturity     $ 4,550,748