v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:              
Net income $ 170,885 $ 163,913 $ 133,167 $ 106,058 $ 334,798 $ 239,225  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:              
Depreciation and amortization         17,838 19,922  
Stock-based compensation         16,285 13,651  
Provision for credit losses 29,164   37,799   50,420 100,460  
Net accretion of discounts and amortization of premium on securities and borrowings         (6,538) (3,618)  
Amortization of other intangible assets 6,268   7,427   13,187 15,446  
Losses on available for sale and held to maturity debt securities, net         10 11  
Proceeds from sales of loans held for sale at fair value         78,724 90,628  
Gains on sales of loans, net (1,742)   (2,025)   (4,832) (4,222)  
Originations of loans held for sale         (73,560) (80,509)  
Gains on sales of assets, net         12 (187)  
Loss on extinguishment of debt 0   922   0 922  
Net change in:              
Fair value of financial instruments hedged by derivative transactions         1,689 7,048  
Trading debt securities         (26,493) 0  
Lease right of use assets         14,989 (4,192)  
Cash surrender value of bank owned life insurance         (11,403) (10,464)  
Accrued interest receivable         (6,806) 1,663  
Other assets         (135,200) 151,240  
Accrued expenses and other liabilities         110,056 (394,992)  
Net cash provided by operating activities         373,176 142,032  
Cash flows from investing activities:              
Loans originated and purchased, net of principal collected         (2,375,514) (680,904)  
Equity securities:              
Purchases         (6,811) (6,938)  
Sales and capital returns         616 715  
Held to maturity debt securities:              
Purchases         (434,016) (159,213)  
Maturities, calls and principal repayments         174,524 159,870  
Available for sale debt securities:              
Purchases         (478,400) (682,591)  
Maturities, calls and principal repayments         358,649 209,332  
Death benefit proceeds from bank owned life insurance         7,263 7,012  
Proceeds from sales of real estate property and equipment         1,220 2,277  
Proceeds from sales of loans not originated for sale         10,644 0  
Purchases of real estate property and equipment         (4,744) (6,154)  
Net cash used in investing activities         (2,746,569) (1,156,594)  
Cash flows from financing activities:              
Net change in deposits         1,938,385 647,933  
Net change in short-term borrowings         342,009 89,526  
Proceeds from issuance of long-term borrowings, net         594,084 210,000  
Repayments of long-term borrowings         (900,000) (488,000)  
Cash dividends paid to preferred shareholders         (14,533) (13,903)  
Cash dividends paid to common shareholders         (124,041) (125,248)  
Purchase of common shares related to stock compensation plan activity         (10,171) (8,615)  
Purchase of common shares to treasury         (71,896) (4,326)  
Common stock issued, net         3,705 3,744  
Other, net         (825) (257)  
Net cash provided by financing activities         1,756,717 310,854  
Net change in cash and cash equivalents         (616,676) (703,708)  
Cash and cash equivalents at beginning of year   $ 1,583,565   $ 1,890,125 1,583,565 1,890,125 $ 1,890,125
Cash and cash equivalents at end of period $ 966,889   $ 1,186,417   966,889 1,186,417 $ 1,583,565
Supplemental disclosures of cash flow information:              
Interest on deposits and borrowings         673,890 769,206  
Federal and state income taxes         69,195 34,099  
Supplemental schedule of non-cash investing activities:              
Transfer of loans to other real estate owned, net         2,461 832  
Transfer of loans to loans held for sale, net         0 10,200  
Lease right of use assets obtained in exchange for operating lease liabilities         $ 19,508 $ 22,866