v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jan. 01, 2026
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Operating activities        
Net income   $ 74,445 $ 51,293  
Adjustments to reconcile net income to net cash provided by operating activities:        
Provision for (recapture of) credit losses   8,540 8,700  
Depreciation and amortization   13,387 7,330  
Stock-based compensation expense   3,708 5,648  
Pension expense (income)   2,200 2,275  
Net amortization (accretion) on investment securities   (1,145) (321)  
Net (gain) loss on investment securities   1,260 9,949  
Originations of loans held for sale   (149,683) (88,012)  
Net gains from sales of loans held for sale   (6,047) (4,322)  
Proceeds from sales of loans held for sale   562,751 87,588  
Deferred income taxes   14,082 31,863  
Operating Lease, Right-of-Use Asset, Amortization Expense   2,488 2,013  
Payments for operating leases   (2,607) (2,096)  
Decrease (increase) cash surrender value of life insurance   1,739 1,305  
Decrease (increase) in interest receivable   (4,959) (1,438)  
(Decrease) increase in interest payable   720 1,511  
Decrease (increase) in other assets   (90,604) 71,669  
(Decrease) increase in other liabilities   131,048 (126,228)  
Net cash provided by (used in) operating activities   548,953 56,117  
Investing activities        
Proceeds from Sale of Debt Securities, Available-for-sale   195,665 164,535  
Proceeds from calls, paydowns and maturities of securities available-for-sale   256,857 139,550  
Payments to Acquire Debt Securities, Available-for-sale   1,316,088 342,248  
Proceeds from calls, paydowns and maturities of securities held-to-maturity   8,978 554  
Proceeds from Maturities, Prepayments and Calls of Other Investments   26,068 13,277  
Payments to Acquire Other Investments   26,270 19,541  
Net decrease (increase) in interest-bearing deposits with other banks   58,725 96,879  
Net decrease (increase) in loans and leases   184,441 27,049  
Purchases of premises and equipment   (13,490) (3,750)  
Net change in operating leases   (6,058) (4,529)  
Payments to Acquire Businesses, Net of Cash Acquired   12,718 0  
Payment to Acquire Life Insurance Policy, Investing Activities   0 (72)  
Proceeds from Life Insurance Policy   0 915  
Life insurance surrenders   17,893 0  
Net cash provided by (used in) investing activities   (600,561) 72,619  
Financing activities        
Net (decrease) increase in total deposits   287,524 (132,182)  
Net (decrease) increase in short-term borrowings   (64,923) 44,340  
Payments of long-term debt   152,777 1,546  
Payments of Debt Issuance Costs   (165) 0  
Cash dividends paid on common stock   (25,963) (22,996)  
Net cash provided by (used in) financing activities   43,696 (112,384)  
Cash and due from banks:        
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation   (7,912) 16,352  
Cash and due from bank at beginning of period $ 178,553 178,553 174,258 $ 174,258
Cash and due from bank at end of period   170,641 190,610 178,553
Supplemental Disclosures        
Interest Paid   91,896 89,612  
Income Taxes Paid   462 109  
Noncash or Part Noncash Acquisition, Investments Acquired   14,592 17,259  
Stock Issued During Period, Value, Acquisitions   149,653 0  
Business Combination [Line Items]        
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration     0  
Business Combination, Recognized Liability Assumed, Liability     0  
Goodwill   19 0 $ 91,900
Business Combination, Bargain Purchase, Gain Recognized, Amount   (8,892) $ 0  
Westfield Bank        
Business Combination [Line Items]        
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration   (175)    
Business Combination, Recognized Liability Assumed, Liability   156    
Goodwill   19    
BankFinancial        
Business Combination [Line Items]        
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets, Net Of Purchase Consideration   1,259,072    
Business Combination, Recognized Liability Assumed, Liability 1,250,180 1,250,180    
Business Combination, Bargain Purchase, Gain Recognized, Amount $ (8,892) $ (8,892)