v3.26.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 161,938 $ 197,769
Adjustments reconciling net income to net cash provided by operating activities:    
Depreciation, amortization and accretion, net 11,184 16,476
Net gains on sale or disposal of premises and equipment (24) (121)
Provision for credit losses 33,804 24,664
Net write-downs and (gains) losses on sale of other real estate owned (52) (46)
Share-based compensation expense 7,809 6,452
Amortization of operating lease right of use assets 4,496 4,604
Provision for deferred taxes (19,063) (3,079)
Net gain on securities (7,392) (40)
Originations of mortgage loans held for sale (2,020,197) (2,087,452)
Payments received on mortgage loans held for sale 15,470 14,189
Proceeds from sales of mortgage loans held for sale 2,128,340 2,071,092
Net gains on mortgage loans held for sale (13,772) (19,163)
Originations of SBA loans held for sale (10,331) (22,771)
Proceeds from sales of SBA loans held for sale 11,157 24,135
Net gains on sale of SBA loans held for sale (826) (1,364)
Increase in cash surrender value of bank owned life insurance (7,370) (6,788)
Gain on bank owned life insurance proceeds (846) (12)
Gain on sale of mortgage servicing rights 0 (342)
Change attributable to other operating activities 42,244 (39,979)
Net cash provided by operating activities 336,569 178,224
Investing Activities    
Purchases of debt securities available-for-sale (523,011) (475,276)
Purchases of debt securities held-to-maturity (11,715) (13,914)
Proceeds from maturities and paydowns of debt securities available-for-sale 154,645 307,585
Proceeds from sales of debt securities available-for-sale 86,167 0
Proceeds from maturities and paydowns of debt securities held-to-maturity 6,937 2,228
Net increase in other investments (30,976) (4,455)
Net increase in loans (669,818) (328,390)
Purchases of premises and equipment (16,350) (10,337)
Proceeds from sale of premises and equipment 39 150
Proceeds from sales of other real estate owned 1,758 3,548
Proceeds from bank owned life insurance 1,010 56,900
Net cash used in investing activities (1,001,314) (461,961)
Financing Activities    
Net increase in deposits 211,578 210,227
Proceeds from other borrowings 6,970,000 2,615,000
Repayment of other borrowings (6,277,981) (2,530,119)
Dividends paid - common stock (27,447) (27,882)
Purchase of treasury shares (103,212) (33,596)
Net cash provided by financing activities 772,938 233,630
Net increase (decrease) in cash and cash equivalents 108,193 (50,107)
Cash and cash equivalents at beginning of period 1,088,920 1,220,377
Cash and cash equivalents at end of period 1,197,113 1,170,270
Cash paid during the period for:    
Interest 213,847 228,903
Income taxes 78,887 98,579
Loans transferred to other real estate owned 2,831 2,894
Loans transferred from loans held for sale to loans held for investment 31,091 5,860
Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,957 $ 2,363