v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities    
Interest and dividends received $ 555,792 $ 448,182
Service charges and other fees received 37,573 39,913
Interest paid (110,031) (100,097)
Net cash paid to vendors, employees and others (197,068) (186,336)
Proceeds from sale of loans held for sale 327,450 0
Income taxes paid, net (23,623) (25,134)
Net cash provided by operating activities 590,093 176,528
Cash Flows from Investing Activities    
Net change in FHLB, FRB, and other stock 6,597 0
Net change in interest-earning balances from depository institutions 12,574 (12,683)
Proceeds from repayment of investment securities available-for-sale 351,283 244,205
Proceeds from repayment and maturity of investment securities held-to-maturity 75,453 78,856
Proceeds from sale of investment securities available-for-sale 488,210 65,464
Purchases of investment securities available-for-sale (796,902) (243,946)
Purchases of investment securities held-to-maturity (9,307) (6,230)
Net increase in equity investments (35,061) (48,045)
Net (increase) decrease in loan and lease finance receivables (259,139) 69,018
Purchase of premises and equipment (3,719) (2,365)
Proceeds from BOLI death benefit 1,176 2,340
Proceeds from sales of OREO 72 21,348
Cash acquired from acquisition, net of cash paid 542,651 0
Net cash provided by investing activities 373,888 167,962
Cash Flows from Financing Activities    
Net (decrease) increase in other deposits (552,317) 167,686
Net (decrease) increase in time deposits (541,951) 8,172
Repayment of long-term FHLB advances (300,000) 0
Net change in short-term borrowings 340,000 0
Net increase in customer repurchase agreements 81,283 189,371
Cash dividends on common stock (89,685) (83,490)
Repurchase of common stock and restricted stock (22,719) (47,359)
Proceeds from exercise of stock options 1,081 352
Net cash (used in) provided by financing activities (1,084,308) 234,732
Net increase in cash and cash equivalents (120,327) 579,222
Cash and cash equivalents, beginning of period 376,389 204,698
Cash and cash equivalents, end of period 256,062 783,920
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities    
Net Income (Loss) 177,361 154,254
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Gain on sale of other real estate owned 134 (2,045)
Increase in BOLI (10,926) (9,326)
Net amortization of premiums and discounts on investment securities 8,653 11,847
Loss on sale of AFS securities 0 8,185
Accretion of discount for acquired loans, net (7,082) (1,823)
Provision for (recapture of) credit losses 2,000 (1,000)
Provision for unfunded loan commitments 4,750 1,000
Stock-based compensation 4,683 7,320
Depreciation, amortization and accretion, net 20,224 12,342
Proceeds from sales of loans held for sale 327,450 0
Change in other assets and liabilities 62,846 (4,226)
Total adjustments 412,732 22,274
Net cash provided by operating activities 590,093 176,528
Supplemental Disclosure of Non-cash Investing Activities    
Transfer of loans to other real estate owned 43 661
Business Combination:    
Fair value of tangible assets acquired 5,288,984 0
Goodwill and intangibles 450,694 0
Fair value of liabilities assumed 4,894,181 0
Issuance of common stock for acquisition $ 840,173 $ 0