XML 49 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 127,242 $ 101,713
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and accretion, net (10,060) (7,266)
Provision for credit losses 30,809 34,823
Share based compensation 10,182 10,582
Depreciation and amortization 27,315 28,814
Deferred income taxes 5,160 (25,150)
Proceeds from sale of loans held for sale, net 65,857 75,460
Daily cash settlement of derivative instruments, net (12,471) 5,182
Other:    
Increase in other assets (30,117) (1,350)
Decrease in other liabilities (79,935) (20,628)
Net cash provided by operating activities 133,982 202,180
Cash flows from investing activities:    
Purchases of investment securities (1,916,129) (624,636)
Proceeds from repayments and calls of investment securities 1,160,223 640,468
Proceeds from sale of investment securities 612,292 115,249
Purchases of non-marketable equity securities (78,375) (203,775)
Proceeds from redemption of non-marketable equity securities 110,438 290,700
Purchases of loans (185,043) (126,983)
Loan originations and repayments, net 399,807 14,944
Proceeds from sale of loans 14,586 37,630
Proceeds from surrender of BOLI 0 32,144
Disposition of operating lease equipment 2,082 98,357
Other investing activities (34,418) (13,072)
Net cash provided by investing activities 85,463 261,026
Net cash provided by financing activities    
Net increase in deposits 780,238 1,225,129
Additions to FHLB borrowings 80,000 485,000
Repayments of FHLB borrowings (755,000) (2,315,000)
Dividends paid (45,349) (42,239)
Other financing activities 30,844 29,073
Net cash provided by (used in) financing activities 90,733 (618,037)
Net increase (decrease) in cash and cash equivalents 310,178 (154,831)
Cash and cash equivalents, beginning of period 491,116 588,283
Cash and cash equivalents, end of period 801,294 433,452
Supplemental disclosure of cash flow information:    
Interest paid 435,201 534,276
Income taxes paid, net 29,727 46,831
Supplemental schedule of non-cash investing and financing activities:    
Transfers from loans to loans held for sale 100,601 113,536
Transfers from operating lease equipment to equipment held for sale 0 21,842
Dividends declared, not paid 23,272 21,633
Unsettled securities trades, net $ 145,025 $ 133,922