XML 25 R8.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities:      
Net income (loss) $ 648,557 $ 582,542 $ 597,973
Adjustments to reconcile net income to net cash from operating activities:      
Credit loss expense 44,202 64,985 46,171
Deferred tax expense (benefit) 5,372 (11,600) (14,829)
Accretion of loan discounts (26,624) (23,951) (17,724)
Securities premium amortization (discount accretion), net 39,600 45,213 63,893
Net (gain) loss on securities transactions 850 96 (66)
Depreciation and amortization 87,785 82,817 76,442
Net (gain) loss on sale/exchange/write-down of assets/foreclosed assets (3,031) (141) 750
Stock-based compensation 24,755 19,763 24,590
Net tax benefit from stock-based compensation 2,265 3,795 894
Earnings on life insurance policies (3,940) (3,745) (2,944)
Net change in:      
Trading account securities (3,694) (3,644) (2,220)
Lease right-of-use assets 24,832 25,264 23,573
Accrued interest receivable and other assets (7,669) 259,142 (232,665)
Accrued interest payable and other liabilities (559,281) (51,004) (84,993)
Net cash provided by (used in) operating activities 273,979 989,532 478,845
Investing Activities:      
Securities held to maturity: Purchases (1,500) 0 (1,147,624)
Securities held to maturity: Maturities, calls and principal repayments 100,314 81,750 162,142
Securities available for sale:      
Purchases (21,495,449) (17,899,779) (19,124,336)
Sales 45,372 123,254 1,904,067
Maturities, calls and principal repayments 21,021,849 19,600,708 19,103,872
Proceeds from sale of loans 14,119 3,323 15,851
Net change in loans (1,158,427) (1,966,111) (1,701,895)
Net cash paid in insurance agency asset acquisitions 0 (703) 0
Benefits received on life insurance policies 2,479 1,823 1,937
Proceeds from sales of premises and equipment 960 25 1,282
Purchases of premises and equipment (146,652) (127,776) (158,630)
Proceeds from sales of repossessed properties 15,840 2,607 583
Net cash provided by (used in) investing activities (1,601,095) (180,879) (942,751)
Financing Activities:      
Net change in deposits 195,116 802,180 (2,033,628)
Net change in short-term borrowings 179,714 223,528 (570,903)
Proceeds from stock option exercises 11,946 22,643 9,299
Purchase of treasury stock (157,832) (60,901) (42,720)
Cash dividends paid on preferred stock (6,675) (6,675) (6,675)
Cash dividends paid on common stock (255,356) (242,446) (232,323)
Net cash provided by (used in) financing activities (33,087) 738,329 (2,876,950)
Net change in cash and cash equivalents (1,360,203) 1,546,982 (3,340,856)
Cash and cash equivalents at beginning of year 10,234,258 8,687,276 12,028,132
Cash and cash equivalents at end of year $ 8,874,055 $ 10,234,258 $ 8,687,276