v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net income $ 312,471,000 $ 305,409,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit loss expense 15,754,000 9,554,000
Specific reserve, other real estate owned 23,000 1,275,000
Depreciation of bank premises and equipment 18,582,000 16,796,000
Gain on sale of bank premises and equipment (49,000) (21,000)
(Gain) loss on sale of other real estate owned (17,000) 446,000
Accretion of investment securities discounts (5,071,000) (3,277,000)
Amortization of investment securities premiums 2,754,000 3,388,000
Investment securities transactions, net   1,000
Unrealized loss (gain) on equity securities with readily determinable fair values 247,000 (152,000)
Stock based compensation expense 47,000 86,000
Earnings from affiliates and other investments (13,164,000) (2,276,000)
Deferred tax expense 4,251,000 4,599,000
Increase in accrued interest receivable (10,521,000) (5,288,000)
Decrease in other assets 5,418,000 19,349,000
Increase in other liabilities 10,950,000 1,224,000
Net cash provided by operating activities 341,675,000 351,113,000
Investing activities:    
Proceeds from maturities of securities 3,075,000 1,325,000
Proceeds from sales and calls of available for sale securities 3,825,000 15,490,000
Purchases of available for sale securities (1,166,398,000) (535,924,000)
Principal collected on mortgage backed securities 847,524,000 674,726,000
Net increase in loans (256,470,000) (603,275,000)
Purchases of other investments (31,025,000) (41,702,000)
Distributions from other investments 34,806,000 1,713,000
Purchases of bank premises and equipment (13,963,000) (14,176,000)
Proceeds from sales of bank premises and equipment 49,000 21,000
Proceeds from sales of other real estate owned 2,167,000 4,970,000
Net cash used in investing activities (576,410,000) (496,832,000)
Financing activities:    
Net decrease in non-interest bearing demand deposits (3,956,000) (33,431,000)
Net increase in savings and interest bearing demand deposits 346,917,000 143,103,000
Net increase in time deposits 104,179,000 234,174,000
Net increase in securities sold under repurchase agreements 70,655,000 129,058,000
Net increase (decrease) in other borrowed funds 29,839,000 (157,000)
Purchase of treasury stock (673,000) (4,546,000)
Proceeds from stock transactions 1,106,000 1,248,000
Payments of cash dividends (90,792,000) (87,061,000)
Net cash provided by financing activities 457,275,000 382,388,000
Increase in cash and cash equivalents 222,540,000 236,669,000
Cash and cash equivalents at beginning of period 536,487,000 352,652,000
Cash and cash equivalents at end of period 759,027,000 589,321,000
Supplemental cash flow information:    
Interest paid 152,062,000 164,217,000
U.S. federal income taxes paid 61,384,000 64,822,000
Non-cash investing and financing activities:    
Purchases of available-for-sale securities not yet settled 40,000,000  
Net transfers from loans to other real estate owned 383,000 $ 1,547,000
Net transfers from loans to other investments $ 72,500,000