v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 224,860,000 $ 186,163,000
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 9,892,000 9,947,000
Net accretion of discounts and premiums (15,066,000) (7,970,000)
Deferred income taxes (18,877,000) (5,383,000)
Provision for credit losses 6,681,000 2,913,000
Net gain on sale of loans (14,291,000) (15,157,000)
Net change in trading debt securities 0 666,000
Net investment securities gains (615,000) (109,000)
Originations of mortgage loans held for sale (628,751,000) (623,845,000)
Proceeds from sales of mortgage loans held for sale 638,646,000 635,716,000
Stock-based compensation 2,525,000 1,598,000
Decrease (increase) in other assets 49,344,000 (142,394,000)
Increase in other liabilities 57,808,000 16,484,000
Net cash provided by operating activities 312,156,000 58,628,000
Cash flows from investing activities:    
Purchase of AFS securities (1,565,500,000) (1,158,024,000)
Purchase of equity securities (78,000) (154,000)
Proceeds from sales of AFS securities 202,427,000 0
Proceeds from sales of equity securities 2,791,000 873,000
Proceeds from maturities of AFS securities 660,375,000 891,797,000
Proceeds from maturities of HTM securities 164,000 156,000
Net change in interest-bearing deposits 589,000 51,000
Net (increase) decrease in loans (214,174,000) 303,722,000
Purchase of land, buildings, and equipment (14,266,000) (7,454,000)
Proceeds from sale of land, buildings, and equipment 288,000 5,751,000
Net cash (used in) provided by investing activities (927,384,000) 36,718,000
Cash flows from financing activities:    
(Decrease) in deposits (393,919,000) (196,755,000)
(Decrease) increase in time deposits (90,867,000) 63,000
(Decrease) in federal funds purchased and customer repurchase agreements (98,724,000) (33,677,000)
Dividends paid (57,817,000) (200,318,000)
Purchase of treasury stock (38,736,000) 0
Net cash (used in) financing activities (680,063,000) (430,687,000)
Net (decrease) in cash and cash equivalents (1,295,291,000) (335,341,000)
Cash and cash equivalents at beginning of year 2,064,143,000 1,241,808,000
Cash and cash equivalents at end of year 768,852,000 906,467,000
Cash and due from banks 244,257,000 243,927,000
Short-term interest-bearing deposits 523,699,000 660,705,000
Federal funds sold and securities purchased under agreements to resell 896,000 1,835,000
Total cash and cash equivalents 768,852,000 906,467,000
Supplemental disclosure of cash flow information:    
Interest paid 95,984,000 100,892,000
Income taxes paid 36,686,000 55,174,000
Loans transferred to foreclosed assets held for sale $ 2,347,000 $ 2,084,000