v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 266,016 $ 209,346
INVESTING ACTIVITIES    
Proceeds from sales of securities available for sale 71,706 192
Proceeds from maturities and calls of securities available for sale 725,867 917,870
Purchases of securities available for sale (1,070,693) (873,974)
Proceeds from sales of equity securities 31,928 528
Purchases of equity securities (18,353) (520)
Proceeds from sales and redemptions of other investment securities 8,799 2,461
Purchases of other investment securities (17,128) (27,933)
Purchases of bank premises and equipment (11,993) (8,061)
Proceeds from sales of bank premises and equipment 61 362
Proceeds from bank-owned life insurance death benefits 0 3,365
Acquisition of Piedmont Bancorp, Inc., net of cash paid 0 77,476
Proceeds from sales of OREO properties 1,686 167
Net change in loans and leases (286,873) (365,752)
NET CASH USED IN INVESTING ACTIVITIES (564,993) (273,819)
FINANCING ACTIVITIES    
Cash dividends paid (106,685) (103,804)
Acquisition of treasury stock (136,254) (52,903)
Proceeds from exercise of stock options 2,726 327
Repayment of long-term Federal Home Loan Bank borrowings 0 (10,000)
Changes in:    
Deposits 109,820 268,593
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings (31,577) (15,292)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (161,970) 86,921
(Decrease) Increase in cash and cash equivalents (460,947) 22,448
Cash and cash equivalents at beginning of year 2,542,250 2,292,244
Cash and cash equivalents at end of period 2,081,303 2,314,692
Noncash investing activities:    
Transfers of loans to OREO 3,193 6,248
Right-of-use assets obtained in the exchange for lease liabilities 12,087 12,650
Excise tax on net stock repurchases 1,218 0
Acquisition of Piedmont Bancorp, Inc.:    
Assets acquired, net of cash 0 2,225,883
Goodwill $ 0 $ 130,021
Issuance of common stock as consideration for acquisition 0 280,946
Subsidiaries [Member]    
Acquisition of Piedmont Bancorp, Inc.:    
Liabilities assumed $ 0 $ 2,152,434