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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 358,685 $ 269,105 $ 346,540
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation, amortization and accretion, net 36,798 34,570 40,987
Net (gains) losses on sale or disposal of premises and equipment 1,401 (1,658) 156
Net write-downs on premises and equipment (121) 0 0
Provision for credit losses 58,793 142,656 71,697
Net write-downs and (gains) losses on sale of other real estate owned 532 (1,595) (1,773)
Share-based compensation expense 13,440 9,950 6,706
Amortization of operating lease right of use assets 9,930 11,363 12,639
Provision for deferred taxes (20,078) (20,468) (35,677)
Net (gain) loss on securities (12,304) 304 (203)
Loan servicing asset impairment (recovery) 0 0 (21,824)
Originations of mortgage loans held for sale (4,420,439) (3,620,664) (3,949,676)
Payments received on mortgage loans held for sale 20,479 15,269 23,324
Proceeds from sales of mortgage loans held for sale 4,179,314 3,695,259 4,493,742
Net (gains) losses on mortgage loans held for sale (41,298) 2,072 93,133
Originations of SBA loans (28,805) (27,410) (46,479)
Proceeds from sales of SBA loans 32,999 30,462 57,171
Net gains on sales of SBA loans (4,194) (1,557) (5,552)
Increase in cash surrender value of bank owned life insurance (12,298) (8,777) (7,305)
Gain on bank owned life insurance proceeds (1,464) (486) (55)
Gain on sale of mortgage servicing rights (10,494) 0 (1,356)
Loss (gain) on debt redemption 890 (1,148) 0
Increase in interest receivable (747) (9,662) (20,125)
Increase (decrease) in interest payable (11,176) 26,946 6,217
Increase in taxes payable 29,846 2,271 5,177
Change attributable to other operating activities (25,496) 22,157 (4,991)
Net cash provided by operating activities 154,193 568,959 1,062,473
Investing Activities, net of effects of business combinations      
Purchases of securities available-for-sale (693,401) (30,548) (1,172,323)
Purchases of securities held-to-maturity (26,071) (8,543) (57,408)
Proceeds from prepayments and maturities of securities available-for-sale 434,711 142,082 186,849
Proceeds from prepayments and maturities of securities held-to-maturity 3,084 2,082 2,357
Proceeds from sale of securities available-for-sale 0 5,141 0
Net (increase) decrease in other investments 16,712 38,112 (63,959)
Net increase in loans (610,502) (485,459) (3,345,287)
Purchase of loan pool 0 0 (472,266)
Proceeds from sale of mortgage servicing rights 82,328 0 119,845
Purchases of premises and equipment (13,477) (17,531) (13,568)
Proceeds from sale of premises and equipment 250 3,925 46
Proceeds from sales of other real estate owned 14,625 10,655 5,086
Purchase of bank owned life insurance (110,000) 0 (50,000)
Proceeds from bank owned life insurance 55,059 1,890 101
Net cash proceeds paid in acquisitions 0 0 (14,003)
Net cash used in investing activities (846,682) (338,194) (4,874,530)
Financing Activities, net of effects of business combinations      
Net increase (decrease) in deposits 1,013,939 1,245,771 (202,815)
Net decrease in securities sold under agreements to repurchase 0 0 (5,845)
Proceeds from other borrowings 6,308,000 15,842,000 3,950,000
Repayment of other borrowings (6,526,963) (17,207,845) (2,814,576)
Proceeds from exercise of stock options 0 476 2,799
Dividends paid - common stock (41,460) (41,649) (41,610)
Purchase of treasury shares (7,954) (20,346) (22,421)
Net cash provided by (used in) financing activities 745,562 (181,593) 865,532
Net increase (decrease) in cash, cash equivalents and restricted cash 53,073 49,172 (2,946,525)
Cash, cash equivalents and restricted cash at beginning of period 1,167,304 1,118,132 4,064,657
Cash, cash equivalents and restricted cash at end of period 1,220,377 1,167,304 1,118,132
Cash paid during the year for:      
Interest 540,270 418,445 86,643
Income taxes 102,511 101,328 133,894
Loans transferred to other real estate owned 11,391 14,416 346
Loans transferred from loans held for sale to loans held for investment 14,677 0 196,891
Loans provided for the sales of other real estate owned 0 0 2,288
Right-of-use assets obtained in exchange for new operating lease liabilities 5,488 2,827 7,226
Assets acquired in business combination 0 0 3,216
Liabilities assumed in business combination 0 0 (10,787)
Change in unrealized gain (loss) on securities available-for-sale, net of tax $ 5,820 $ 10,568 $ (62,097)