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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 132,495 $ 116,141
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 15,000 8,100
Depreciation, amortization and accretion, net 17,770 18,735
Deferred income tax (benefit) provision (3,593) 3,464
Stock-based compensation 7,561 6,549
Gain on property insurance proceeds   (2,559)
Other losses (gains) 6 (52)
Originations of loans held for sale (6,818) (20,181)
Proceeds from sales of loans held for sale 6,715 17,481
Net gains on investment securities (37)  
Premium paid on cash flow hedge (1,006)  
Amortization of premium on cash flow hedge 74  
Change in assets and liabilities:    
Net decrease in other assets 15,081 7,317
Net decrease in other liabilities (10,158) (10,182)
Net cash provided by operating activities 173,090 144,813
Available-for-sale securities:    
Proceeds from maturities and principal repayments 144,154 145,037
Proceeds from calls and sales 36,835 32,500
Purchases (74,812)  
Held-to-maturity securities:    
Proceeds from maturities and principal repayments 144,482 141,502
Proceeds from calls 3,848 1,250
Other investments:    
Proceeds from sales 413 3,324
Purchases (15,396) (21,750)
Loans:    
Net decrease in loans and leases resulting from originations and principal repayments 52,488 8,477
Proceeds from sales of loans originated for investment   27,526
Purchases of loans (3,995) (17,995)
Proceeds from bank-owned life insurance 693 1,292
Purchases of bank-owned life insurance (2,000)  
Proceeds from property insurance   2,559
Purchases of premises, equipment and software (19,310) (10,848)
Proceeds from sales of other real estate owned   104
Other (8)  
Net cash provided by investing activities 267,392 312,978
Cash flows from financing activities    
Net decrease in deposits (90,797) (1,013,825)
Dividends paid (66,488) (66,406)
Stock tendered for payment of withholding taxes (4,011) (2,698)
Common stock repurchased (50,000)  
Stock repurchase excise tax paid in current period (341)  
Net cash used in financing activities (211,637) (1,082,929)
Net increase (decrease) in cash and cash equivalents 228,845 (625,138)
Cash and cash equivalents at beginning of period 1,170,190 1,739,897
Cash and cash equivalents at end of period 1,399,035 1,114,759
Supplemental disclosures    
Interest paid 153,752 178,718
Income taxes paid, net of income tax refunds 12,040 26,817
Noncash investing and financing activities:    
Available-for-sale securities purchases accrued but unpaid 14,000  
Transfers from loans and leases and other assets to other real estate owned   69
Operating lease right-of-use assets obtained in exchange for new lease obligations 1,390  
Transfers to loans held for sale from loans and leases   27,526
Obligation to fund low-income housing partnerships 41,121 $ 30,685
Stock repurchase excise tax settled in subsequent period $ 426