v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 174,383 $ 233,035
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,620 15,021
Provision for credit losses 26,947 25,387
Gain on other real estate and foreclosed assets (654) (388)
Deferred income tax expense 5,261 17,199
Increase cash surrender value of life insurance contracts (15,808) (9,396)
Loss on disposal of assets 169 99
Loss on securities transactions, net 98,595  
Net increase in loans held for sale (19,461) (8,673)
Net amortization of securities premium/discount 6,171 6,775
Amortization of intangible assets 4,770 4,637
Stock-based compensation expense 12,656 11,964
Net change in derivative collateral liability 8,689 (22,017)
Net decrease in interest payable and other liabilities (20,541) (19,528)
Net increase in other assets (23,821) (26,395)
Other, net (4,322) 2,265
Net cash provided by operating activities 265,654 229,985
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available for sale 1,414,258  
Proceeds from maturities of securities available for sale 261,738 198,383
Purchases of securities available for sale (1,781,832) (514,808)
Proceeds from maturities of securities held to maturity 245,081 199,570
Proceeds from termination of fair value hedges 1,657  
Net (increase) decrease in short-term investments (382,816) 335,106
Net purchases of Federal Home Loan Bank stock (41,234) (12,318)
Proceeds from sales of loans and leases 101,847 49,756
Net increase in loans (752,229) (244,216)
Purchases of property and equipment (6,786) (7,758)
Net cash paid in business acquisition   (112,071)
Proceeds from sales of other real estate and foreclosed assets 6,920 3,238
Other, net 3,563 (4,118)
Net cash used in investing activities (929,833) (109,236)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 349,986 (446,239)
Net increase in short-term borrowings 553,678 405,912
Dividends paid (82,567) (78,237)
Payroll tax remitted on net share settlement of equity awards (9,186) (6,628)
Proceeds from dividend reinvestment and stock purchase plans 2,383 2,212
Repurchase of common stock (141,071) (60,177)
Net cash provided by (used in) financing activities 673,223 (183,157)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 9,044 (62,408)
CASH AND DUE FROM BANKS, BEGINNING 562,995 574,910
CASH AND DUE FROM BANKS, ENDING 572,039 512,502
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 5,774 $ 5,691