v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities    
Net income $ 103,298 $ 129,095
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for (reversal of) credit losses 10,956 (513)
Depreciation, amortization and accretion, net 5,334 12,731
Equity in earnings of merchant banking subsidiaries (6,030) (39,740)
Deferred income taxes 7,128 5,978
Other, net 10,503 10,910
Net change in securities purchased under agreements to resell (63,557) 9,819
Net change in trading securities 20,843 77,469
Net change in broker-dealer and clearing organization receivables (221,662) (28,352)
Net change in other assets (54,291) (34,843)
Net change in broker-dealer and clearing organization payables 45,286 67,508
Net change in other liabilities (24,900) (51,246)
Net change in securities sold, not yet purchased 67,616 7,885
Proceeds from sale of mortgage servicing rights asset 113  
Change in valuation of mortgage servicing rights asset (2,424) 1,651
Net gains from sales of loans (139,987) (148,956)
Loans originated for sale (7,471,696) (7,441,890)
Proceeds from loans sold 7,936,556 7,466,687
Net cash provided by operating activities 223,086 44,193
Investing Activities    
Proceeds from maturities and principal reductions of securities held to maturity 83,066 87,046
Proceeds from sales, maturities and principal reductions of securities available for sale 181,237 193,544
Proceeds from sales of equity securities   6,549
Purchases of securities held to maturity (90,470) (100,017)
Purchases of securities available for sale (110,716) (196,036)
Net change in loans held for investment (456,977) (325,434)
Purchases of premises and equipment and other assets (16,196) (2,718)
Proceeds from sales and distributions of premises and equipment and other assets 9,846 69,541
Net cash paid to Federal Home Loan Bank and Federal Reserve Bank stock (72) (1,695)
Net cash used in investing activities (400,282) (269,220)
Financing Activities    
Net change in deposits 151,163 (343,981)
Net change in short-term borrowings 156,554 (174,370)
Proceeds from long-term borrowings 691,608 823,789
Payments on long-term borrowings (699,412) (1,002,067)
Payments to repurchase common stock (114,484) (123,246)
Dividends paid on common stock (36,026) (34,364)
Net cash distributed to noncontrolling interest (3,100) (5,737)
Other, net 1,766 (2,604)
Net cash provided by (used in) financing activities 148,069 (862,580)
Net change in cash, cash equivalents and restricted cash (29,127) (1,087,607)
Cash, cash equivalents and restricted cash, beginning of period 1,252,805 2,370,590
Cash, cash equivalents and restricted cash, end of period 1,223,678 1,282,983
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest 214,305 263,716
Cash paid for income taxes, net of refunds 27,268 42,647
Supplemental Schedule of Non-Cash Activities    
Non-cash distributions from merchant banking investments   10,739
Conversion of loans to other real estate owned 3,115 7,441
Additions to mortgage servicing rights $ 8,293 $ 8,201