v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES    
NET CASH PROVIDED BY OPERATING ACTIVITIES $ 433,748 $ 359,987
INVESTING ACTIVITIES    
Proceeds from sales of securities available for sale 71,807 427
Proceeds from maturities and calls of securities available for sale 1,115,624 1,581,586
Purchases of securities available for sale (1,749,031) (1,449,057)
Proceeds from sales of equity securities 36,137 713
Purchases of equity securities (18,568) (645)
Proceeds from sales and redemptions of other investment securities 9,424 14,829
Purchases of other investment securities (30,071) (47,178)
Purchases of bank premises and equipment (17,056) (12,285)
Proceeds from sales of bank premises and equipment 223 1,443
Proceeds from bank-owned life insurance death benefits 333 4,249
Acquisition of Piedmont Bancorp, Inc., net of cash paid 0 77,476
Proceeds from the sales of OREO properties 2,316 185
Net change in loans and leases (761,460) (848,334)
NET CASH USED IN INVESTING ACTIVITIES (1,340,322) (676,591)
FINANCING ACTIVITIES    
Cash dividends paid (159,264) (156,521)
Acquisition of treasury stock (235,029) (79,407)
Proceeds from exercise of stock options 4,959 365
Repayment of long-term FHLB borrowings 0 (10,000)
Redemption of subordinated debt 0 (20,575)
Changes in:    
Deposits 649,810 816,294
Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings (13,763) (7,077)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES 246,713 543,079
(Decrease) Increase in cash and cash equivalents (659,861) 226,475
Cash and cash equivalents at beginning of year 2,542,250 2,292,244
Cash and cash equivalents at end of period 1,882,389 2,518,719
Noncash investing activities:    
Transfers of other investment securities to equity securities 0 2,316
Transfers of loans to OREO 5,350 6,827
Right-of-use assets obtained in the exchange for lease liabilities 23,007 15,433
Excise tax on net stock repurchases 2,180 0
Acquisition of Piedmont Bancorp, Inc.:    
Assets acquired, net of cash 0 2,225,854
Goodwill $ 0 $ 129,975
Issuance of common stock as consideration for acquisition 0 280,946
Subsidiaries [Member]    
Acquisition of Piedmont Bancorp, Inc.:    
Liabilities assumed $ 0 $ 2,152,359