v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities:    
Net income $ 72,097 $ 68,627
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization, and accretion 3,203 7,385
Provision for credit losses 7,550 2,550
Increase in cash surrender value of life insurance (4,196) (2,849)
Stock-based compensation expense 10,329 3,587
Asset (gains) losses, net (1,497) 553
Gain on sale of loans held for sale, net (5,657) (3,482)
Proceeds from sale of loans held for sale 200,647 106,410
Origination of loans held for sale (201,853) (106,465)
Loss on early extinguishment of debt 5,377 0
Net change in accrued interest receivable and other assets 21,668 (1,744)
Net change in accrued interest payable and other liabilities 2,019 6,122
Net cash provided by (used in) operating activities 109,687 80,694
Cash Flows From Investing Activities:    
Net (increase) decrease in loans (15,857) (210,716)
Purchases of securities AFS (471,997) (68,718)
Proceeds from sales of securities AFS 282,219 1,250
Proceeds from calls and maturities of securities AFS 140,799 38,761
Purchases of other investments (40,276) (2,239)
Proceeds from sales of other investments 5,217 4,448
Net (increase) decrease in premises and equipment (5,332) (1,007)
Net (increase) decrease in other real estate and other assets 3,038 192
Net cash (paid) received in business combination 165,640 0
Net cash provided by (used in) investing activities 63,451 (238,029)
Cash Flows From Financing Activities:    
Net increase (decrease) in deposits (141,566) 137,989
Repayments of long-term borrowings (141,106) (27,400)
Purchase and retirement of common stock (62,643) (56,036)
Cash dividends paid on common stock (14,585) (9,156)
Proceeds from issuance of common stock 60 56
Proceeds from issuance of common stock in stock-based compensation plans 3,532 5,846
Purchases of common stock in stock-based compensation plans (11,814) (7,373)
Net cash provided by (used in) financing activities (368,122) 43,926
Net increase (decrease) in cash and cash equivalents (194,984) (113,409)
Cash and cash equivalents:    
Beginning 660,232 536,047
Ending [1] 465,248 422,638
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 110,134 83,038
Cash paid for taxes 17,325 16,500
Transfer of loans and bank premises to other real estate owned 760 395
Capitalized mortgage servicing rights 2,457 1,219
Acquisitions:    
Fair value of assets acquired 6,048,000 0
Fair value of liabilities assumed 5,484,000 0
Net assets acquired $ 564,000 $ 0
[1] Cash and cash equivalents included $10 million and $0.3 million of restricted cash at June 30, 2026 and June 30, 2025, respectively.