v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 42,536 $ 78,255
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 86,072 5,738
Depreciation, amortization and accretion 11,789 16,027
Deferred income tax (benefit) expense (608) 1,142
Proceeds from sale of MSR 9,353 23,011
Gain on sale of MSR (1,467) (3,472)
Funding of mortgage loans held for sale (794,785) (641,131)
Proceeds from sales of mortgage loans held for sale 698,716 561,475
Gains on sales of mortgage loans held for sale (9,816) (9,734)
Debt prepayment benefit 0 (56)
(Gains) losses on sales of premises and equipment (347) 52
Stock-based compensation expense 8,084 7,366
Decrease (increase) in other assets 4,335 (6,802)
Decrease in other liabilities (25,001) (15,891)
Net cash provided by operating activities 28,861 15,980
Investing activities    
Purchases of securities available for sale (946,095) (52,679)
Proceeds from sales of securities available for sale 686,485 177,185
Proceeds from call/maturities of securities available for sale 113,025 42,713
Proceeds from call/maturities of securities held to maturity 52,352 50,372
Net increase in loans (480,005) (258,608)
Purchases of premises and equipment (14,996) (6,774)
Proceeds from sales of premises and equipment 1,346 289
Proceeds from surrender of bank-owned life insurance 56,255 0
Net change in FHLB stock (5,683) 2,665
Proceeds from sales of other assets 11,778 1,167
Net cash received in acquisition of businesses 261,483 0
Other, net 1,882 191
Net cash used in investing activities (262,173) (43,479)
Financing activities    
Net increase (decrease) in noninterest-bearing deposits 164,306 (44,222)
Net increase in interest-bearing deposits 391,930 222,650
Net decrease in short-term borrowings (919) (74,836)
Repayment of long-term debt 0 (245)
Cash paid for dividends (35,425) (25,293)
Net cash provided by financing activities 519,892 78,054
Net increase in cash and cash equivalents 286,580 50,555
Cash and cash equivalents at beginning of period 1,092,032 801,351
Cash and cash equivalents at end of period 1,378,612 851,906
Supplemental disclosures    
Cash paid for interest 199,936 187,194
Cash paid for income taxes 21,088 17,958
Noncash transactions:    
Transfers of loans to other real estate owned 4,281 1,135
Common stock issued in acquisition of businesses 1,059,911 0
Recognition of operating right-of-use assets 12,251 1,562
Recognition of operating lease liabilities $ 12,251 $ 1,562