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 $ 132,538 $ 127,242
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and accretion, net (9,716) (10,060)
Provision for credit losses 40,145 30,809
Gain on investment securities, net (4,231) (1,291)
Share based compensation 11,122 10,182
Depreciation and amortization 19,862 27,315
Deferred income taxes 6,342 5,160
Proceeds from sale of loans held for sale, net 26,562 65,857
Daily cash settlement of derivative instruments, net (689) (12,471)
Other:    
Increase in other assets (13,528) (30,117)
Decrease in other liabilities (61,457) (78,644)
Net cash provided by operating activities 146,950 133,982
Cash flows from investing activities:    
Purchases of investment securities (2,367,040) (1,916,129)
Proceeds from repayments and calls of investment securities 929,415 1,160,223
Proceeds from sale of investment securities 1,437,152 612,292
Purchases of non-marketable equity securities (279,587) (78,375)
Proceeds from redemption of non-marketable equity securities 275,619 110,438
Purchases of loans (139,181) (185,043)
Loan originations and repayments, net 386,054 399,807
Proceeds from sale of loans 35,077 14,586
Disposition of operating lease equipment 20,427 2,082
Other investing activities (27,214) (34,418)
Net cash provided by investing activities 270,722 85,463
Cash flows from financing activities:    
Net increase (decrease) in deposits (470,613) 780,238
Net increase in federal funds purchased 265,000 0
Additions to FHLB borrowings 230,000 80,000
Repayments of FHLB borrowings (155,000) (755,000)
Dividends paid (48,328) (45,349)
Repurchase of common stock (110,586) 0
Other financing activities 21,944 30,844
Net cash (used in) provided by financing activities (267,583) 90,733
Net increase in cash and cash equivalents 150,089 310,178
Cash and cash equivalents, beginning of period 217,784 491,116
Cash and cash equivalents, end of period 367,873 801,294
Supplemental disclosure of cash flow information:    
Interest paid 345,654 435,201
Income taxes paid, net 36,027 29,727
Supplemental schedule of non-cash investing and financing activities:    
Transfers from loans to loans held for sale 65,275 100,601
Transfers from equipment held for sale to operating lease equipment 9,828 0
Dividends declared, not paid 23,672 23,272
Unsettled securities trades, net 64,500 145,025
ROU assets obtained in exchange for lease liabilities $ 11,980 $ 2,656