v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 135,235 $ 87,161
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 19,944 20,967
Provision for credit losses 32,056 38,742
Net amortization of investment securities and assets 2,869 8,207
Net amortization on borrowings 198 76
Stock-based compensation expense 6,990 8,612
Loss (gain) on sale of closed branches 3,193 (245)
Loss (gain) on sale of foreclosed assets and other real estate owned 54 (214)
Gain on sale of mortgage loans held for sale (4,407) (3,856)
Loss on sale of loans 0 22
Deferred income taxes 17,070 (2,745)
Income from bank owned life insurance (9,217) (7,989)
Originations of mortgage loans held for sale (158,113) (133,193)
Proceeds from sale of mortgage loans held for sale 163,508 131,494
Changes in assets and liabilities:    
Interest receivable 1,046 2,800
Assets held in trading accounts (2,856) 0
Other assets (1,795) (18,601)
Accrued interest and other liabilities (14,389) (10,072)
Income taxes payable (6,526) (10,727)
Net cash provided by operating activities 184,860 110,439
INVESTING ACTIVITIES    
Net change in loans (667,862) (146,363)
Proceeds from sale of loans 78,992 18,814
Proceeds from sale of closed branches 3,272 15,202
Purchases of premises and equipment, net (25,300) (21,486)
Proceeds from sale of foreclosed assets and other real estate owned 3,029 5,181
Proceeds from maturities of available-for-sale securities 185,299 218,417
Purchases of available-for-sale securities (18,594) (55,553)
Proceeds from maturities of held-to-maturity securities 0 41,152
Purchases of bank owned life insurance 0 (15,697)
Surrender of bank owned life insurance 0 19,403
Proceeds from bank owned life insurance death benefits 3,966 607
Net cash (used in) provided by investing activities (437,198) 79,677
FINANCING ACTIVITIES    
Net change in deposits (455,928) (60,760)
Proceeds from issuance of other borrowed funds 1,355,000 1,480,000
Repayments of other borrowed funds (715,997) (1,591,023)
Dividends paid on common stock (62,269) (53,532)
Net change in federal funds purchased and securities sold under agreements to repurchase 24,833 (5,803)
Net shares cancelled under stock compensation plans (2,323) (2,749)
Shares issued under employee stock purchase plan 838 836
Repurchases of common stock (14,245) 0
Net cash provided by (used in) financing activities 129,909 (233,031)
DECREASE IN CASH AND CASH EQUIVALENTS (122,429) (42,915)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 711,913 687,377
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 589,484 $ 644,462