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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 721,496 $ 600,523
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 69,000 94,000
Depreciation, amortization and accretion, net 126,918 130,778
Stock compensation costs 36,855 26,480
Deferred income tax expense (benefit) 7,787 (24,288)
Net gains on AFS debt securities (3,547) (877)
Net (gains) losses on OREO write-downs and sales (369) 2,925
Loans held-for-sale:    
Originations (2,357) (628)
Proceeds from sales and paydowns/payoffs of loans originally classified as held-for-sale 2,347 406
Net change in accrued interest receivable and other assets 60,955 (125,159)
Net change in accrued expenses and other liabilities 13,482 (144,368)
Other operating activities, net (2,537) (3,238)
Total adjustments 308,534 (43,969)
Net cash provided by operating activities 1,030,030 556,554
Net (increase) decrease in:    
Affordable housing partnership, tax credit and CRA investments (132,756) (152,801)
Interest-bearing deposits with banks 4,943 (56,040)
AFS debt securities:    
Proceeds from sales 1,206,685 318,294
Proceeds from repayments, maturities and redemptions 1,240,280 1,703,393
Purchases (3,882,854) (3,567,424)
Loans held-for-investment:    
Proceeds from sales of loans originally classified as held-for-investment 219,639 126,548
Purchases (426,122) (530,041)
Other changes in loans held-for-investment, net (1,880,980) (867,055)
Purchases of premises and equipment, net (112,528) (4,614)
Proceeds from sales of OREO 16,380 24,424
Proceeds from repayments and redemptions of HTM debt securities 32,129 32,213
Purchases of FHLB stock, net (5,119) 0
Other investing activities, net 5,715 3,420
Net cash used in investing activities (3,714,588) (2,969,683)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 2,959,274 1,843,902
FHLB advances:    
Proceeds 1,800,000 2,000,000
Repayments (1,300,000) (2,000,000)
Net change in short-term FHLB advances (500,000) 0
Net change in repurchase agreements 956,894 0
Repayment of lease liabilities (421) (419)
Common stock:    
Proceeds from issuance pursuant to various stock compensation plans and agreements 1,593 1,721
Stock tendered for payment of withholding taxes (26,431) (18,058)
Repurchase of common stock pursuant to the stock repurchase program (97,841) (89,135)
Cash dividends paid (223,640) (168,643)
Net cash provided by financing activities 3,569,428 1,569,368
Effect of exchange rate changes on cash and cash equivalents 15,914 2,960
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 900,784 (840,801)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 4,188,139 5,250,742
CASH AND CASH EQUIVALENTS, END OF PERIOD 5,088,923 4,409,941
Cash paid during the period for:    
Interest 792,598 874,296
Income taxes, net 149,833 227,110
Noncash investing and financing activities:    
Loans transferred from held-for-investment to held-for-sale 224,687 138,408
Loans transferred from held-for-sale to held-for-investment 3,497 0
Loans transferred to OREO $ 19,645 $ 25,506