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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities:    
Net income $ 600,820 $ 509,683
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 67,965 84,068
Depreciation, amortization and accretion, net 88,905 70,884
Stock-based compensation expense 30,646 27,568
Accretion of discount on securities, net (4,412) (1,380)
Accretion of discount and deferred fees on loans, net (15,092) (11,876)
Mortgage servicing rights fair value changes 29,684 26,106
Non-designated derivatives fair value changes, net (9,065) 54,507
Originations and purchases of mortgage loans held-for-sale (1,785,392) (1,964,576)
Early buy-out exercises of mortgage loans held-for-sale guaranteed by U.S. government agencies, net of subsequent paydowns or payoffs (15,773) (22,558)
Proceeds from sales of mortgage loans held-for-sale 1,785,096 1,824,513
Bank owned life insurance (“BOLI”) gains (4,644) (4,519)
Decrease in trading securities, net 4,072 1,235
Decrease (increase) in brokerage customer receivables, net 18,102 (6,070)
Gains on mortgage loans sold (49,990) (47,978)
Gains on premium financing receivables sold 0 (4,575)
Gains on investment securities, net, and dividend reinvestment on equity securities (6,818) (233)
Losses (gains) on sales of premises and equipment, net 418 (93)
Losses (gains) on sales and fair value adjustments of other real estate owned, net 816 (1,234)
Decrease (increase) in accrued interest receivable and other assets, net 59,739 (46,711)
Decrease in accrued interest payable and other liabilities, net (136,388) (256,022)
Net Cash Provided by Operating Activities 658,689 230,739
Investing Activities:    
Proceeds from calls and sales of available-for-sale securities 705,703 1,218,695
Proceeds from payments and maturities of available-for-sale securities 402,735 360,773
Proceeds from payments, maturities and calls of held-to-maturity securities 174,383 178,553
Proceeds from sales of equity securities with readily determinable fair value 226,542 51,792
Proceeds from sales and capital distributions of equity securities without readily determinable fair value 0 2,226
Purchases of available-for-sale securities (3,040,628) (1,116,875)
Purchases of equity securities with readily determinable fair value (63,413) (33,322)
Purchases of equity securities without readily determinable fair value (1,682) (6,933)
Purchases of Federal Home Loan Bank and Federal Reserve Bank stock, net (1,348) (61,905)
(Contributions to) distributions from investments in partnerships, net (13,422) 2,586
Net cash received in business combinations 0 531,308
Proceeds from sales of premium financing receivables, net 0 627,450
Proceeds from sales of other real estate owned 0 11,481
Decrease (increase) in interest-bearing deposits with banks, net 994,409 (1,566,241)
Increase in loans, net (4,017,366) (4,361,365)
Redemption of BOLI 0 304
Purchases of premises and equipment, net (26,921) (66,457)
Net Cash Used for Investing Activities (4,661,008) (4,227,930)
Financing Activities:    
Increase in deposit accounts, net 4,199,032 3,697,621
Increase in other borrowings, net 33,753 7,352
Increase in Federal Home Loan Bank advances, net 0 845,238
Proceeds from the issuance of preferred stock, net 414,148 0
Redemption of preferred stock (412,500) 0
Repayment of subordinated notes 0 (140,000)
Issuance of common shares resulting from the exercise of stock options, employee stock purchase plan and director compensation plan 5,387 4,892
Common stock repurchases for tax withholdings related to stock-based compensation (2,997) (3,881)
Dividends paid (127,571) (106,367)
Net Cash Provided by Financing Activities 4,109,252 4,304,855
Net Increase in Cash and Cash Equivalents 106,933 307,664
Cash and Cash Equivalents at Beginning of Period 458,536 423,464
Cash and Cash Equivalents at End of Period $ 565,469 $ 731,128