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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES:    
Net income $ 144,371 $ 130,633
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 10,960 14,487
Provision for depreciation and amortization 21,006 13,721
Accretion of discount related to acquired loans (6,913) 0
Amortization (accretion) of investment security premiums (discounts), net (1,785) (3,724)
Investment securities (gains) losses, net (A) (11,647) 7,591
Net (gains) losses on sales of loans held for sale (842) (515)
Originations of loans held for sale (34,175) (22,626)
Proceeds from sales of loans held for sale 36,933 23,357
Net (increase) decrease in trading debt securities, excluding unsettled transactions 549,443 (21,277)
Stock-based compensation 6,142 4,426
(Increase) decrease in interest receivable 12,132 5,149
Increase (decrease) in interest payable (2,323) 5,432
Increase (decrease) in income taxes payable 37,600 35,134
Other changes, net (76,107) (53,184)
Net cash provided by (used in) operating activities 684,795 138,604
INVESTING ACTIVITIES:    
Cash Paid in Acquisition, Net of Cash Received 501,360 0
Proceeds from sales of investment securities (A) [1] 17,662 6,757
Proceeds from maturities/pay downs of investment securities (A) [1] 450,272 542,456
Purchases of investment securities (A) [1] (39,012) (514,579)
Net (increase) decrease in loans (67,168) (170,573)
Securities purchased under agreements to resell 0 (350,000)
Repayments of securities purchased under agreements to resell 0 125,000
Purchases of premises and equipment (6,371) (12,586)
Sales of premises and equipment 2,471 100
Net cash provided by (used in) investing activities 859,214 (373,425)
FINANCING ACTIVITIES:    
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits (199,629) 774,974
Net increase (decrease) in certificates of deposit (88,024) (40,133)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (475,936) (526,722)
Proceeds from FHLBank Borrowings, Financing Activities 250,000 0
Payments of FHLBank Borrowings, Financing Activities (603,929) 0
Net increase (decrease) in other borrowings (4,753) 17,687
Purchases of treasury stock (84,260) (55,184)
Payments of Dividends (41,875) (37,886)
Proceeds from (Payment for) Other Financing Activity (1) (2)
Net cash provided by (used in) financing activities (1,248,407) 132,734
Increase (decrease) in cash, cash equivalents and restricted cash 295,602 (102,087)
Cash, cash equivalents and restricted cash at beginning of year 3,547,715 3,375,992
Cash, cash equivalents and restricted cash at March 31 3,843,317 3,273,905
Supplemental Cash Flow Information:    
Cash, cash equivalents and restricted cash at March 31 3,843,317 3,273,905
Income tax payments, net 564 562
Interest paid on deposits and borrowings 98,990 89,831
Loans transferred to foreclosed real estate 0 449
Fair Value of Assets Acquired 3,327,074 0
Indefinite-Lived Intangible Assets Acquired 246,068 0
Liabilities Assumed 3,549,295 0
Stock Issued During Period, Value, Acquisitions 519,865 0
Restricted Cash and Cash Equivalent $ 53 $ 52
[1]
(A) Available for sale debt securities, equity securities, and other securities.