XML 38 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net income $ 534,401 $ 485,177 $ 500,020
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 32,903 35,451 28,071
Provision for depreciation and amortization 54,076 49,513 46,856
Amortization of investment security premiums, net (839) 17,666 18,805
Deferred income tax (benefit) expense (591) (7,399) 21,716
Investment securities (gains) losses, net [1] (7,823) (14,985) (20,506)
Net gains on sales of loans held for sale (2,326) (1,026) (2,660)
Proceeds from sales of loans held for sale 107,456 58,946 123,656
Origination Of Loans Held For Sale (104,974) (57,424) (118,850)
Net (increase) decrease in trading securities (18,466) 28,478 4,152
Purchase of interest rate floor   (54,449) (35,799)
Stock-based compensation 17,031 17,052 16,995
(Increase) decrease in interest receivable (5,362) (5,986) (28,439)
Increase (decrease) in interest payable (23,856) 46,650 3,054
Increase (decrease) in income taxes payable 12,215 4,586 (12,936)
Other changes, net (15,986) (113,481) 15,250
Net cash provided by (used in) operating activities 577,859 488,769 559,385
INVESTING ACTIVITIES      
Payments to Acquire Businesses, Net of Cash Acquired 0 (6,365) 0
Proceeds from Equity Method Investment, Distribution, Return of Capital 0 1,434 400
Proceeds from sales of investment securities [1] 1,295,587 1,141,949 106,971
Proceeds from maturities/pay downs of investment securities [1] 2,133,113 1,935,552 2,691,260
Purchases of investment securities [1] (2,677,996) (246,286) (2,147,862)
Net (increase) decrease in loans (54,675) (933,736) (1,146,292)
Securities purchased under agreements to resell (500,000) 0 (200,000)
Repayments of securities purchased under agreements to resell 325,000 375,000 1,000,000
Purchases of land, buildings and equipment (46,133) (88,074) (65,191)
Sales of land, buildings and equipment 8,891 4,358 2,985
Net cash provided by (used in) investing activities 483,787 2,183,832 242,271
FINANCING ACTIVITIES      
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits 413,329 (2,612,412) (3,254,081)
Net increase (decrease) in time open and C.D.’s (487,286) 1,881,587 (448,511)
Net increase (decrease) in short-term federal funds purchased and securities sold under agreements to repurchase 17,943 67,081 (181,233)
FHLB short-term borrowings 0 2,250,000 0
Repayments of FHLB borrowings 0 (2,250,000) 0
Net increase (decrease) in other borrowings (1,348) (8,268) (2,888)
Purchases of treasury stock (170,470) (76,370) (186,622)
Cash dividends paid on common stock and distributions to non-controlling interest (145,093) (134,734) (127,466)
Other, net (12) (3) (8)
Net cash provided by (used in) financing activities (372,937) (883,119) (4,200,809)
Increase (decrease) in cash and cash equivalents 688,709 1,789,482 (3,399,153)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Year 2,687,283 897,801 4,296,954
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Year 3,375,992 2,687,283 897,801
Supplemental Cash Flow Information:      
Income tax payments, net 126,129 130,957 116,995
Interest paid on deposits and borrowings 453,167 336,512 53,740
Loans transferred to foreclosed real estate $ 1,184 $ 322 $ 457
[1] Available for sale debt securities, equity securities, and other securities.