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 $ 110,889 $ 40,925
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 5,292 4,264
Provision for credit losses 18,500 44,700
Amortization of intangibles 8,536 4,726
Net accretion of loans (28,510) (13,955)
Amortization on deposits 337 880
Amortization on borrowings, net 11 17
Loss on bank owned life insurance policy exchange 0 327
Stock-based compensation expense 4,502 3,819
Loss (gain) on equity securities, net 28 (2,550)
Loss (gain) on sale of loans held-for-sale, net 19,805 (1,372)
Loans originated for resale (33,762) (21,352)
Proceeds from sale of loans held-for-sale 37,373 23,467
Net loss on disposition of premises and equipment 5 87
Increase in cash surrender value of bank owned life insurance (9,039) (6,602)
Accretion of discounts and amortization of premium on available-for-sale securities (1,543) (481)
Amortization of subordinated debentures issuance costs 559 459
Increase in accrued interest receivable (5,896) (1,196)
Net change in operating leases (264) 910
Decrease (increase) in other assets 9,278 (20,981)
(Decrease) increase in other liabilities (901) 2,606
Net cash provided by operating activities 135,200 58,698
Cash flows from investing activities    
Purchases (376,464) (391,666)
Sales 0 277,477
Maturities, calls and principal repayments 226,331 102,982
Purchase of equity securities (2,688) (1,825)
Proceeds from equity securities sold 0 4,334
Net (purchases) redemptions of restricted investment in bank stocks (7,939) 13,209
Net increase in loans (704,753) (102,041)
Proceeds from bank owned life insurance 0 278
Purchases of premises and equipment (2,592) (3,787)
Proceeds from disposition of premises and equipment 4,229 0
Investment in renewable energy tax credit (6,030) 0
Cash acquired, net of cash consideration paid in acquisition 0 54,861
Net cash used in investing activities (869,906) (46,178)
Cash flows from financing activities    
Net increase in deposits 537,390 297,154
Proceeds from issuance of subordinated debt 0 200,000
Redemption of subordinated debt 0 (75,000)
Payment of subordinated debt issuance costs 0 (3,726)
Proceeds from FHLB borrowings 2,550,003 790,000
Repayment of FHLB borrowings (2,381,105) (1,005,043)
Cash dividends on preferred stock (4,527) (4,527)
Cash dividends paid on common stock (28,684) (22,900)
Repurchase of treasury stock (3,982) 0
Share redemption for tax withholdings on performance units and deferred stock units earned (1,936) (2,232)
Net cash provided by financing activities 667,159 173,726
Net change in cash and cash equivalents (67,547) 186,246
Cash and cash equivalents at beginning of period 380,895 356,488
Cash and cash equivalents at end of period 313,348 542,734
Supplemental disclosures of cash flow information    
Interest paid on deposits and borrowings 237,098 201,801
Income taxes 27,061 36,173
Supplemental disclosures of noncash activities    
Investment in renewable energy tax credit 50,000 0
Renewable energy tax credit commitment 43,970 0
Transfer of loans from held-for-investment to held-for-sale 701,905 0
First of Long Island Corporation [Member]    
Cash flows from investing activities    
Sales   277,500
Supplemental disclosures of noncash activities    
Fair value of assets acquired 0 3,905,094
Fair value of liabilities assumed 0 3,641,505
Stock issued in connection with FLIC merger $ 0 $ 270,819