v3.26.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 110,643 $ 41,126
Adjustments to reconcile net income to net cash provided from operating activities:    
Provision for credit losses 12,868 12,986
Deferred income tax expense (benefit) 16,112 (1,552)
Depreciation of premises and equipment 6,585 3,727
Accretion of investment securities premiums and discounts, net (9,784) (2,484)
Accretion of premiums and discounts and deferred loan and lease origination costs, net (17,536) (2,969)
Amortization of identified intangible assets 16,656 2,861
Amortization of debt issuance costs 9 51
Amortization of other acquisition fair value adjustments, net 5,653 305
Gain on sales of loans and leases held-for-sale (6,558) (288)
Write-down of other repossessed assets 158 316
Compensation under recognition and retention plans 2,084 1,700
Net change in:    
Cash surrender value of bank-owned life insurance (1,081) (1,031)
Other assets (1,130) 47,261
Accrued expenses and other liabilities (84,399) (60,378)
Net cash provided from operating activities 50,280 41,631
Cash flows from investing activities:    
Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale 197,774 60,710
Purchases of investment securities available-for-sale (280,425) (11,737)
Proceeds from redemption/sales of restricted equity securities 37,732 24,139
Purchase of restricted equity securities (40,954) (7,465)
Proceeds from sales of loans and leases ,net 181,519 51,549
Net decrease in loans and leases 21,955 135,203
Purchase of premises and equipment, net (5,775) (972)
Proceeds from sales of other repossessed assets 51 194
Net cash provided from investing activities 111,877 251,621
Cash flows from financing activities:    
(Decrease) increase in demand checking, NOW, savings and money market accounts (769,687) 129,904
Decrease in certificates of deposit and brokered deposits (260,426) (70,570)
Proceeds from FHLB advances 1,673,040 546,000
Repayment of FHLB advances (1,595,683) (967,257)
Increase in other borrowed funds, net 19,022 56,393
Decrease in mortgagors' escrow accounts, net 0 (586)
Payment of dividends on common stock (54,065) (24,058)
Net cash used for financing activities (987,799) (330,174)
Net decrease in cash and cash equivalents (825,642) (36,922)
Cash and cash equivalents at beginning of period 2,041,745 543,670
Cash and cash equivalents at end of period 1,216,103 506,748
Cash paid during the period for:    
Interest on deposits, borrowed funds and subordinated debt 201,012 135,390
Income taxes 6,238 12,731
Non-cash investing activities:    
Transfer from loans to other OREO and repossessed assets $ 123 $ 695