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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 298,727 $ 211,603
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 107,000 24,050
Net (accretion) amortization of premiums and discounts from acquisition (60,204) 1,361
Depreciation and amortization 67,361 27,110
Amortization of debt issuance costs 438 438
Deferred income tax expense (benefit) 23,772 (6,853)
Net decrease (increase) in trading securities and other earning assets 3,835 (10,888)
Gains on investment securities, net (32,903) (7,504)
Losses (gains) on sales of assets 62 (1,803)
Amortization of securities premiums, net of discount accretion 1,828 13,652
Originations of loans held for sale (43,485) (36,862)
Gains on sales of loans held for sale, net (1,165) (942)
Proceeds from sales of loans held for sale 41,668 38,013
Equity-based compensation 20,709 10,743
Changes in:    
Accrued income (7,016) (16,371)
Accrued expenses and taxes (21,935) (36,132)
Other assets and liabilities, net 249,715 (41,105)
Net cash provided by operating activities 648,407 168,510
Securities held to maturity:    
Maturities, calls and principal repayments 346,297 211,226
Purchases (15,319) (56,998)
Securities available for sale:    
Sales 616,354 19,153
Maturities, calls and principal repayments 819,828 6,334,100
Purchases (2,571,763) (6,439,464)
Equity securities with readily determinable fair values:    
Purchases (392) (176)
Equity securities without readily determinable fair values:    
Sales 23,068 32,148
Maturities, calls and principal repayments 11,096 45,002
Purchases (114,823) (31,257)
Payment of tax equity investment commitments (34,762) (17,930)
Net increase in loans (1,332,396) (924,936)
Net increase in fed funds sold and resell agreements (192,191) (2,118)
Net cash activity from acquisitions and divestitures 174,985 (108,706)
Net decrease (increase) in interest-bearing balances due from other financial institutions 958,769 (10,254)
Net purchases of premises and equipment (23,427) (5,534)
Net cash used in investing activities (1,334,676) (955,744)
FINANCING ACTIVITIES    
Net increase in demand and savings deposits 2,898,641 1,715,593
Net decrease in time deposits (405,498) (990,882)
Net increase in fed funds purchased and repurchase agreements 300,258 97,389
Proceeds from short-term debt   500,000
Repayment of short-term debt   (1,000,000)
Repayment of long-term debt (11,055)  
Cash dividends paid (62,504) (38,542)
Payment of common stock issuance costs (524) (1,317)
Proceeds from exercise of stock options and sales of treasury shares 670 410
Purchases of treasury stock (15,724) (7,537)
Common stock issuance 235,141  
Preferred stock issuance 294,062  
Net cash provided by financing activities 3,233,467 275,114
Increase (decrease) in cash and cash equivalents 2,547,198 (512,120)
Cash and cash equivalents at beginning of period 8,448,691 5,528,258
Cash and cash equivalents at end of period 10,995,889 5,016,138
Supplemental disclosures:    
Income tax payments 20,402 56,247
Total interest payments 699,709 586,618
Noncash disclosures:    
Acquisition of tax equity investments 29,314 3,000
Commitment to fund tax equity investments 29,314 3,000
Transfer of loans to other real estate owned 900 $ 793
Transfer of loans to other repossessed assets 39  
Stock based compensation as consideration for acquisition 20,389  
Common Stock    
Noncash disclosures:    
Issuance of stock as consideration for acquisition 2,783,510  
Preferred Stock    
Noncash disclosures:    
Issuance of stock as consideration for acquisition $ 115,230