v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 539,008 $ 298,727
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 55,000 107,000
Net accretion of premiums and discounts from acquisition (86,082) (60,204)
Depreciation and amortization 70,222 67,361
Amortization of debt issuance costs 213 438
Deferred income tax expense 17,858 23,772
Net (increase) decrease in trading securities and other earning assets (23,508) 3,835
Gains on investment securities, net (30,133) (32,903)
Losses on sales of assets 1,124 62
Amortization of securities premiums, net of discount accretion 3,061 1,828
Originations of loans held for sale (63,896) (43,485)
Gains on sales of loans held for sale, net (1,541) (1,165)
Proceeds from sales of loans held for sale 60,667 41,668
Equity-based compensation 22,774 20,709
Changes in:    
Accrued income 2,192 (7,016)
Accrued expenses and taxes (72,426) (21,935)
Other assets and liabilities, net 215,997 249,715
Net cash provided by operating activities 710,530 648,407
Securities held to maturity:    
Maturities, calls and principal repayments 253,434 346,297
Purchases (234,023) (15,319)
Securities available for sale:    
Sales 57,146 616,354
Maturities, calls and principal repayments 946,269 819,828
Purchases (884,636) (2,571,763)
Equity securities with readily determinable fair values:    
Sales 20,590  
Purchases (212) (392)
Equity securities without readily determinable fair values:    
Sales 28,249 23,068
Maturities, calls and principal repayments 16,713 11,096
Purchases (47,801) (114,823)
Payment of tax equity investment commitments (32,734) (34,762)
Net increase in loans (2,346,075) (1,332,396)
Net decrease (increase) in fed funds sold and resell agreements 619,655 (192,191)
Net cash activity from acquisitions and divestitures   174,985
Net decrease in interest-bearing balances due from other financial institutions 258 958,769
Net purchases of premises and equipment (22,978) (23,427)
Net cash used in investing activities (1,626,145) (1,334,676)
FINANCING ACTIVITIES    
Net (decrease) increase in demand and savings deposits (337,148) 2,898,641
Net decrease in time deposits (552,960) (405,498)
Net (decrease) increase in fed funds purchased and repurchase agreements (241,338) 300,258
Repayment of long-term debt   (11,055)
Cash dividends paid (78,113) (62,504)
Payment of common stock issuance costs   (524)
Proceeds from exercise of stock options and sales of treasury shares 950 670
Purchases of treasury stock (37,901) (15,724)
Common stock issuance   235,141
Preferred stock issuance   294,062
Net cash (used in) provided by financing activities (1,246,510) 3,233,467
(Decrease) increase in cash and cash equivalents (2,162,125) 2,547,198
Cash and cash equivalents at beginning of period 7,771,973 8,448,691
Cash and cash equivalents at end of period 5,609,848 10,995,889
Supplemental disclosures:    
Income tax payments 83,535 20,402
Total interest payments 680,523 699,709
Noncash disclosures:    
Acquisition of tax equity investments 2,500 29,314
Commitment to fund tax equity investments 2,500 29,314
Transfer of loans to other real estate owned $ 1,489 900
Transfer of loans to other repossessed assets   39
Stock based compensation as consideration for acquisition   20,389
Common Stock    
Noncash disclosures:    
Issuance of stock as consideration for acquisition   2,783,510
Preferred Stock    
Noncash disclosures:    
Issuance of stock as consideration for acquisition   $ 115,230