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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 390,853 $ 305,810
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 20,008 19,204
Net (accretion) amortization of discounts and premiums (20,705) 7,640
Deferred income taxes (3,441) (6,660)
Provision for credit losses 9,311 14,587
Net gain on sale of loans (29,742) (28,964)
Net change in trading debt securities 666 (670)
Net investment securities losses 6,811 36,661
Originations of mortgage loans held for sale (1,278,712) (1,278,005)
Proceeds from sales of mortgage loans held for sale 1,302,110 1,302,861
Stock-based compensation 3,117 3,458
(Increase) decrease in other assets (112,820) 8,312
(Decrease) in other liabilities (39,292) (20,937)
Net cash provided by operating activities 248,164 363,297
Cash flows from investing activities:    
Purchase of available-for-sale securities (2,566,281) (3,761,831)
Purchase of equity securities (234) (10,590)
Proceeds from sales of available-for-sale securities 315,180 1,044,686
Proceeds from sales of equity securities 913 26,654
Proceeds from maturities of available-for-sale securities 1,639,896 2,227,755
Proceeds from maturities of held-to-maturity securities 1,548 836
Net change in interest-bearing deposits (340) 489
Net decrease (increase) in loans 161,913 (148,660)
Purchase of land, buildings, and equipment (16,771) (25,158)
Proceeds from sale of land, buildings, and equipment 433 11,911
Net cash (used in) investing activities (463,743) (633,908)
Cash flows from financing activities:    
Increase (decrease) in deposits 938,598 (53,155)
(Decrease) increase in time deposits (61,821) 169,493
Increase (decrease) in federal funds purchased and customer repurchase agreements 4,556 (218,872)
Dividends paid 246,531 57,532
Purchase of treasury stock 0 (12,143)
Proceeds from stock issuance, net 403,112 0
Net cash provided by (used in) financing activities 1,037,914 (172,209)
Net increase (decrease) in cash and cash equivalents 822,335 (442,820)
Cash and cash equivalents at beginning of year 1,241,808 1,684,628
Cash and cash equivalents at end of year 2,064,143 1,241,808
Cash and due from banks 258,588 265,209
Short-term earning assets 1,805,215 969,416
Federal funds sold and securities purchased under agreements to resell 340 7,183
Total cash and cash equivalents 2,064,143 1,241,808
Supplemental disclosure of cash flow information:    
Interest paid 199,298 216,063
Income taxes paid 144,380 92,020
Loans transferred to foreclosed assets held for sale $ 4,442 $ 4,938