v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 286.0 $ 247.0
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:    
Depreciation, amortization and accretion 48.0 37.0
Provision for credit losses 39.8 43.1
Deferred tax expense (benefit) 6.0 8.0
Loans originated for sale (910.0) (770.0)
Loans sold 947.0 720.0
Net (gains) losses on sale of loans (17.0) (11.0)
Net change in:    
Interest receivable 20.0 3.0
Interest payable (3.0) (5.0)
Bank owned life insurance, excluding purchases (6.0) (5.0)
Other, net (2.0) (80.0)
Net cash flows provided by (used in) operating activities 409.0 187.0
Investing Activities    
Net change in loans and leases, excluding sales and transfers (1,014.0) (788.0)
Debt securities available for sale:    
Purchases (451.0) (412.0)
Maturities/payments 388.0 369.0
Debt securities held to maturity:    
Purchases (363.0) (297.0)
Maturities/payments 232.0 166.0
Increase in premises and equipment (35.0) (59.0)
Net proceeds from sales of portfolio loans 194.0 5.0
Net cash flows provided by (used in) investing activities (1,049.0) (1,016.0)
Financing Activities    
Deposits (81.0) 640.0
Short-term borrowings 664.0 620.0
Proceeds from issuance of long-term borrowings 109.0 317.0
Repayment of long-term borrowings (9.0) (638.0)
Repurchases of common stock (82.0) (20.0)
Cash dividends paid on common stock (90.0) (87.0)
Other, net 6.0 5.0
Net cash flows provided by (used in) financing activities 517.0 837.0
Net Increase (Decrease) in Cash and Cash Equivalents (123.0) 8.0
Cash and cash equivalents at beginning of period 2,498.0 2,419.0
Cash and Cash Equivalents at End of Period $ 2,375.0 $ 2,427.0