v3.26.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 46,217 $ 19,100
Adjustments to reconcile net income to net cash provided from operating activities:    
Provision for credit losses 7,946 5,986
Deferred income tax expense 10,610 1,365
Depreciation of premises and equipment 3,312 1,830
Accretion of investment securities premiums and discounts, net (5,299) (1,266)
Accretion of premiums and discounts and deferred loan and lease origination costs, net (9,372) (1,334)
Amortization of identified intangible assets 8,328 1,430
Amortization of debt issuance costs 1 25
Amortization of other acquisition fair value adjustments, net 1,657 152
Gain on sales of loans and leases held-for-sale (2,689) (24)
Write-down of other repossessed assets 0 281
Compensation under recognition and retention plans 946 828
Net change in:    
Cash surrender value of bank-owned life insurance (2,539) (512)
Other assets (4,881) 28,931
Accrued expenses and other liabilities (68,086) (48,778)
Net cash (used for) provided from operating activities (13,849) 8,014
Cash flows from investing activities:    
Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale 89,225 27,179
Purchases of investment securities available-for-sale (129,139) (651)
Proceeds from redemption/sales of restricted equity securities 20,528 18,326
Purchase of restricted equity securities (30,531) (2,708)
Proceeds from sales of loans and leases net 37,800 8,000
Net decrease in loans and leases 66,054 122,110
(Purchase) sale of premises and equipment, net (2,249) 481
Proceeds from sales of other repossessed assets 20 122
Net cash provided from investing activities 51,708 172,859
Cash flows from financing activities:    
(Decrease) increase in demand checking, NOW, savings and money market accounts (881,751) 70,532
Decrease in certificates of deposit and brokered deposits (341,513) (60,836)
Proceeds from FHLB advances 1,151,346 222,000
Repayment of FHLB advances (885,127) (620,078)
Increase in other borrowed funds, net 17,423 34,025
Decrease in mortgagors' escrow accounts, net 0 (611)
Payment of dividends on common stock (27,034) (12,029)
Net cash used for financing activities (966,656) (366,997)
Net decrease in cash and cash equivalents (928,797) (186,124)
Cash and cash equivalents at beginning of period 2,041,745 543,670
Cash and cash equivalents at end of period 1,112,948 357,546
Cash paid during the period for:    
Interest on deposits, borrowed funds and subordinated debt 100,552 69,004
Income taxes 3,678 1,623
Non-cash investing activities:    
Transfer from loans to other repossessed assets $ 52 $ 217