XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Interest and dividends received $ 448,182 $ 493,875
Service charges and other fees received 39,913 33,272
Interest paid (100,097) (162,177)
Net cash paid to vendors, employees and others (186,336) (142,862)
Income taxes (25,134) (47,094)
Net cash provided by operating activities 176,528 175,014
Cash Flows from Investing Activities    
Net change in interest-earning balances from depository institutions (12,683) (16,122)
Proceeds from repayment of investment securities available-for-sale 214,198 256,100
Proceeds from maturity of investment securities available-for-sale 30,007 48,617
Proceeds from sales of AFS securities 65,464 245,284
Purchases of investment securities available-for-sale (243,946) (33,435)
Proceeds from repayment and maturity of investment securities held-to-maturity 78,856 61,663
Purchases of investment securities held-to-maturity (6,230) (11,455)
Net increase in equity investments (48,045) (8,928)
Net decrease in loan and lease finance receivables 69,018 334,109
Purchase of premises and equipment (2,365) (3,160)
Proceeds from sale-leaseback transactions 0 16,175
Proceeds from BOLI death benefit 2,340 2,983
Proceeds from sales of other real estate owned 21,348 0
Net cash provided by investing activities 167,962 891,830
Cash Flows from Financing Activities    
Net increase in other deposits 167,686 349,312
Net increase in time deposits 8,172 289,535
Net decrease in other borrowings 0 (1,570,000)
Net increase in customer repurchase agreements 189,371 122,873
Cash dividends on common stock (83,490) (83,894)
Repurchase of common stock and restricted stock (47,359) (2,624)
Proceeds from exercise of stock options 352 129
Net cash provided by (used in) financing activities 234,732 (894,669)
Net increase in cash and cash equivalents 579,222 172,175
Cash and cash equivalents, beginning of period 204,698 281,285
Cash and cash equivalents, end of period 783,920 453,460
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net Income (Loss) 154,254 149,858
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of other real estate owned (2,045) 0
Increase in BOLI (9,326) (10,034)
Net amortization of premiums and discounts on investment securities 11,847 12,647
Loss on sale of AFS securities 8,185 11,582
Accretion of discount for acquired loans, net (1,823) (2,654)
(Recapture of) provision for credit losses (1,000) 0
Provision for (recapture of) unfunded loan commitments 1,000 (1,250)
Valuation allowance on other real estate owned 0 28
Gain on sale leaseback transactions 0 (9,106)
Stock-based compensation 7,320 7,637
Depreciation and amortization, net 12,342 10,902
Change in other assets and liabilities (4,226) 5,404
Total adjustments 22,274 25,156
Net cash provided by operating activities 176,528 175,014
Supplemental Disclosure of Non-cash Investing Activities    
Securities sold and not settled 0 55,960
Transfer of loans to other real estate owned 661 675
Lease liabilities arising from obtaining right-of-use assets $ 0 $ 11,175