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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 220,122 $ 220,017
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 54,910 44,228
Depreciation and amortization of premises and equipment 22,789 22,212
Net amortization of investment securities premiums 725 8,650
Net accretion of loan discounts (24,821) 0
Investment securities losses (gains), net 20,283 (19)
Gain on sales of mortgage loans held for sale (5,952) (4,150)
Proceeds from sales of mortgage loans held for sale 397,694 260,494
Originations of mortgage loans held for sale (394,262) (269,448)
Intangible amortization 11,548 2,347
Amortization of issuance costs and discounts on long-term borrowings 533 540
Gain on acquisition, net of tax (39,685) 0
Gain on disposal of premises and equipment (44) 0
Gain on Sale-Leaseback Transaction (20,266) 0
Stock-based compensation 7,462 7,971
Net change in deferred federal income tax 31,203 (10,773)
Net change in accrued salaries and benefits 11,035 (11,232)
Net change in life insurance cash surrender value (15,317) (23,655)
Other changes, net 10,714 173,206
Total adjustments 68,549 200,371
Net cash provided by operating activities 288,671 420,388
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of AFS securities 2,300,487 80,666
Proceeds from principal repayments and maturities of AFS securities 194,108 77,905
Proceeds from principal repayments and maturities of HTM securities 40,561 46,301
Purchase of AFS securities (1,450,128) (72,252)
Net change in FRB and FHLB stock (18,807) 23,823
Net change in loans (277,669) (919,231)
Net purchases of premises and equipment (1,241) (17,860)
Settlement of bank-owned life insurance 1,053 100
Proceeds from Sale-Leaseback Transaction 51,123 0
Net cash received for acquisition 1,018,371 0
Net change in tax credit investments (30,109) (17,945)
Net cash provided by (used in) investing activities 1,827,749 (798,493)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in demand and savings deposits 357,522 (811,325)
Net change in time deposits and brokered deposits 144,673 1,583,376
Net change in other borrowings (1,871,808) (501,635)
Net proceeds from issuance of common stock 270,606 2,491
Dividends paid (96,095) (85,323)
Acquisition of treasury stock (30,348) (70,940)
Net cash (used in) provided by financing activities (1,225,450) 116,644
Net increase (decrease) in Cash and Cash Equivalents 890,970 (261,461)
Cash and Cash Equivalents at Beginning of Period 549,710 681,921
Cash and Cash Equivalents at End of Period 1,440,680 420,460
Cash paid during the period for:    
Interest 459,522 276,159
Income taxes 20,739 23,416
Supplemental Schedule of Certain Noncash Activities:    
Fair value of tangible assets acquired 4,708,947 0
Intangible assets 92,600 0
Liabilities assumed 5,560,160 0
PCD Loans credit discount $ 54,767 $ 0