v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 101,791 $ 86,276
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (reversal of provision) for credit losses on loans 6,689 (3,395)
Originations of loans held for sale and principal collections, net (84,737) (3,181)
Proceeds from sales of loans held for sale 89,042 3,309
Net fair value adjustment and gain on sale of loans held for sale (3,620) 0
Provision (reversal of provision) for credit losses on unfunded lending commitments (1,689) (631)
Amortization (accretion) of premiums and discounts on investment securities (4,025) 1,457
Depreciation of premises and equipment 6,745 4,563
Amortization of intangible assets 14,429 5,404
Amortization of premiums and discounts on debt and deposits 3,150 0
Share-based compensation expense 2,819 3,732
Increase in cash surrender value of bank-owned life insurance (2,641) (1,045)
Net gain on sales and calls of investment securities (83) (4,137)
Net loss on sale, disposal and write-down of other real estate owned 336 2,297
Net loss on sale and disposal of premises and equipment 587 42
Deferred income tax expense (benefit) (21,567) 8,712
Amortization of deferred loan fees and costs 4,002 6,972
Amortization (accretion) of premiums and discounts on purchased loans (25,770) (4,140)
Gain on sale of DUS business line (911) 0
Origination, amortization and change in fair value of MSRs, net 1,398 0
Net decrease in trading securities 3,434 0
Changes in:    
Interest receivable and other assets 1,260 5,254
Interest payable and other liabilities (26,448) (47,787)
Net cash provided by operating activities 64,191 63,702
Securities available-for-sale:    
Purchases (491,782) (561,139)
Sales 0 929,969
Maturities, calls and paydowns 341,188 175,956
Securities held-to-maturity:    
Maturities, calls and paydowns 49,009 48,355
Loan originations and principal collections, net 605,964 421,282
Purchases of loans (6,617) (42,617)
Recoveries of loans charged-off 6,106 5,337
Proceeds from sales of loans 7,537 0
Proceeds from sales of other real estate owned 2,442 13,303
Proceeds from sales of premises and equipment 730 0
Purchases of premises and equipment (5,783) (1,958)
Proceeds from sale of DUS business line 125,820 0
Redemptions of Federal Home Loan Bank stock 5 0
Net cash provided by investing activities 634,619 988,488
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits (935,304) 27,059
Repayment of Senior Notes (65,000) 0
Net change in short-term borrowings 80,000 0
Cash dividends paid (254,574) 0
Net cash provided by (used in) financing activities (1,174,878) 27,059
Net increase (decrease) in cash and cash equivalents (476,068) 1,079,249
Cash and cash equivalents at beginning of period 1,029,983 999,711
Cash and cash equivalents at end of period 553,915 2,078,960
Cash paid during the period for:    
Interest paid 121,891 93,815
Income taxes paid, net 29,075 21,777
Non-cash activities:    
Transfer from loans to other real estate owned 2,050 0
ROU assets obtained in exchange for operating lease obligations $ 3,883 $ 14,415