XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net Income $ 149,994 $ 171,202 $ 225,804
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Provision for Credit Losses 11,150 9,000 (7,800)
Depreciation and Amortization 20,053 21,324 21,377
Amortization (Accretion) of Deferred Loans and Lease (Fees) Costs, Net (325) 491 (215)
Amortization and Accretion of Premiums/Discounts on Investment Securities, Net 12,234 13,222 20,824
Amortization of Operating Lease Right-of-Use-Assets 11,469 11,667 11,843
Share-Based Compensation 14,444 15,656 16,066
Benefit Plan Contributions (2,068) (2,141) (1,679)
Deferred Income Taxes (12,220) (11,205) (2,713)
Loss on Agreement to Sell Assets That Will Terminate Certain Leveraged Leases     6,918
Net Gains on Sales of Loans and Leases (2,331) (2,103) (4,100)
Net Losses on Investment Securities 7,507 11,455 6,111
Proceeds from Sales of Loans Held for Sale 61,229 57,738 133,715
Originations of Loans Held for Sale (59,816) (60,084) (106,965)
Net Tax (Benefits) Expense from Share-Based Compensation 0 (516) 166
Net Change in Other Assets and Other Liabilities (32,872) (85,485) 13,608
Net Cash Provided by Operating Activities 178,448 150,221 332,960
Investment Securities Available-for-Sale:      
Proceeds from Sales, Prepayments and Maturities 205,896 463,442 677,087
Purchases (470,812) (511) (1,058,922)
Investment Securities Held-to-Maturity:      
Proceeds from Prepayments and Maturities 395,411 434,528 645,463
Purchases   0 (91,229)
Net Change in Loans and Leases (99,827) (325,262) (1,397,056)
Premises and Equipment, Net (9,679) (9,402) (28,761)
Net Cash Provided by (Used in) Investing Activities 20,989 562,795 (1,253,418)
Financing Activities      
Net Change in Deposits (422,008) 439,349 255,588
Net Change in Short-Term Borrowings (50,490) (575,000) 275,000
Proceeds from Other Debt   1,350,000 400,000
Repayments of Other Debt (105) (1,200,104) (97)
Proceeds from Issuance of Preferred Stock 160,614    
Proceeds from Issuance of Common Stock 5,438 5,878 6,797
Repurchase of Common Stock (5,302) (14,290) (55,063)
Cash Dividends Paid on Common Stock (112,313) (111,795) (112,557)
Cash Dividends Paid on Preferred Stock (12,644) (7,877) (7,877)
Net Cash (Used in) Provided by Financing Activities (436,810) (113,839) 761,791
Net Change in Cash and Cash Equivalents (237,373) 599,177 (158,667)
Cash and Cash Equivalents at Beginning of Period 1,000,944 401,767 560,434
Cash and Cash Equivalents at End of Period 763,571 1,000,944 401,767
Supplemental Information      
Cash Paid for Interest 403,394 282,025 49,609
Cash Paid for Income Taxes 31,240 52,246 53,025
Non-Cash Investing and Financing Activities:      
Transfer of Investment Securities from Available-for-Sale to Held-to-Maturity     1,275,043
Transfer from Loans to Foreclosed Real Estate $ 708 1,625  
Transfers from Loans to Loans Held for Sale     $ 380
Transfers from Loans Held for Sale to Loans   $ 569