v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows From Operating Activities    
Net income $ 741,080 $ 452,634
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 37,240 32,115
Amortization of other intangible assets 72,946 52,644
Amortization of tax credit investments 23,049 16,296
Net (discount accretion) premium amortization (120,786) (95,091)
Share-based compensation expense 26,609 30,760
Provision for credit losses 104,732 164,976
Debt securities (gains) losses, net (46) 110
Net (gains) losses on sales of loans and other assets (9,210) (9,585)
Increase in cash surrender value of company-owned life insurance (23,418) (19,571)
Residential real estate loans originated for sale (990,082) (865,826)
Proceeds from sales of residential real estate loans 1,021,736 838,225
(Increase) decrease in interest receivable (2,131) (50,927)
(Increase) decrease in other assets (89,216) 128,383
Increase (decrease) in accrued expenses and other liabilities 72,929 (152,855)
Net cash flows provided by (used in) operating activities 865,432 522,288
Cash Flows From Investing Activities    
Cash received from merger, net 0 135,124
Purchases of investment securities available-for-sale (2,424,244) (4,077,327)
Purchases of Federal Home Loan Bank/Federal Reserve Bank stock (41,747) (93,325)
Purchases of equity securities (10,609) (6,923)
Proceeds from maturities, prepayments, and calls of investment securities available-for-sale 1,874,769 1,149,256
Proceeds from sales of investment securities available-for-sale 91,308 2,082,052
Proceeds from maturities, prepayments, and calls of investment securities held-to-maturity 81,140 54,213
Proceeds from sales of Federal Home Loan Bank/Federal Reserve Bank stock 11,058 71,234
Proceeds from sales of equity securities 12,321 4,636
Loan originations and payments, net (2,383,208) (546,956)
Proceeds from sales of commercial loans 15,289 95,298
Proceeds from company-owned life insurance death benefits 16,208 16,507
Proceeds from sales of premises and equipment and other assets 347 2,368
Purchases of premises and equipment and other assets (23,109) (22,189)
Net cash flows provided by (used in) investing activities (2,780,477) (1,136,032)
Net increase (decrease) in:    
Deposits 2,550,912 1,320,267
Federal funds purchased and interbank borrowings (99,713) (384)
Securities sold under agreements to repurchase (20,668) (40,512)
Other borrowings 565,164 (72,730)
Payments for maturities of Federal Home Loan Bank advances (4,055,000) (2,295,285)
Proceeds from Federal Home Loan Bank advances 3,325,000 1,926,200
Cash dividends paid (179,133) (166,472)
Common stock repurchased (319,680) (46,698)
Common stock issued for ESPP 1,014 771
Common stock issued for forward sale agreements 0 443,236
Net cash flows provided by (used in) financing activities 1,767,896 1,068,393
Net increase (decrease) in cash and cash equivalents (147,149) 454,649
Cash and cash equivalents at beginning of period 1,826,177 1,227,968
Cash and cash equivalents at end of period 1,679,028 1,682,617
Supplemental Cash Flow Information:    
Total interest paid 951,423 925,019
Total income taxes paid (net of refunds) 64,959 54,159
Noncash Investing and Financing Activities:    
Common stock issued for merger, net 0 1,033,262
Investment securities purchased but not settled 74,482 0
Operating lease right-of-use assets obtained in exchange for lease obligations 4,555 55,398
Finance lease right-of-use assets obtained in exchange for lease obligations $ (1,082) $ 7,728