XML 53 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 199,093 $ 163,165
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and accretion, net (14,696) (12,001)
Provision for credit losses 42,386 44,071
Share based compensation 14,912 15,993
Depreciation and amortization 39,903 46,320
Deferred income taxes 780 (37,171)
Proceeds from sale of loans held for sale, net 105,154 100,338
Daily cash settlement of derivative instruments, net (16,760) (34,793)
Other:    
Increase in other assets (105,838) (12,106)
Decrease in other liabilities (31,216) (25,571)
Net cash provided by operating activities 233,718 248,245
Cash flows from investing activities:    
Purchases of investment securities (2,529,834) (1,594,168)
Proceeds from repayments and calls of investment securities 1,551,710 1,350,161
Proceeds from sale of investment securities 872,214 198,197
Purchases of non-marketable equity securities (212,563) (306,850)
Proceeds from redemption of non-marketable equity securities 252,938 379,762
Purchases of loans (247,412) (290,242)
Loan originations and repayments, net 655,277 346,473
Proceeds from sale of loans 47,357 70,597
Proceeds from surrender of BOLI 0 32,144
Disposition of operating lease equipment 3,148 132,409
Other investing activities (54,406) (38,115)
Net cash provided by investing activities 338,429 280,368
Net cash provided by financing activities    
Net increase in deposits 752,584 1,317,747
Additions to FHLB borrowings 135,000 590,000
Repayments of FHLB borrowings (985,000) (2,125,000)
Redemption of senior notes (388,479) 0
Dividends paid (68,621) (63,872)
Other financing activities 50,758 54,097
Net cash used in financing activities (503,758) (227,028)
Net increase in cash and cash equivalents 68,389 301,585
Cash and cash equivalents, beginning of period 491,116 588,283
Cash and cash equivalents, end of period 559,505 889,868
Supplemental disclosure of cash flow information:    
Interest paid 636,065 794,043
Income taxes paid, net 129,972 71,979
Supplemental schedule of non-cash investing and financing activities:    
Transfers from loans to loans held for sale 154,225 171,292
Dividends declared, not paid 23,282 21,641
Unsettled securities trades, net $ 159,625 $ 0