XML 167 R147.htm IDEA: XBRL DOCUMENT v3.25.0.1
Parent Company Information - Schedule of Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net Income $ 380,271 $ 498,511 $ 568,851
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 28,988 33,102 28,788
Net amortization of premiums and accretion of discounts on borrowings (3,399) (2,145) 10,653
Debt and Equity Securities, Gain (Loss) (100) (1,104) 1,230
Net change in:      
Other assets (263,375) (173,512) (229,107)
Accrued expenses and other liabilities (11,094) (5,834) 874,880
Net cash provided by operating activities 548,540 378,192 1,428,479
Cash flows from investing activities:      
Purchases of equity securities (9,950) (14,011) (11,209)
Cash and cash equivalents acquired in acquisitions, net 0 0 321,540
Net cash used in investing activities (709,284) (3,349,502) (6,787,781)
Cash flows from financing activities:      
Proceeds from issuance of long-term borrowings, net 1,001,800 1,251,804 147,508
Repayment of long-term borrowings (165,000) (475,000) 0
Proceeds from issuance of preferred stock, net 144,654 0 0
Dividends paid to preferred shareholders (21,369) (14,338) (13,146)
Dividends paid to common shareholders (228,228) (225,411) (205,999)
Purchase of common shares to treasury (8,867) (11,475) (24,123)
Common stock issued, net 451,164 4,006 120
Net cash provided by (used in) financing activities 1,159,644 2,914,588 4,257,329
Net change in cash and cash equivalents 998,900 (56,722) (1,101,973)
Cash and cash equivalents at beginning of year 891,225 947,947 2,049,920
Cash and cash equivalents at end of year 1,890,125 891,225 947,947
Parent Company      
Cash flows from operating activities:      
Net Income 380,271 498,511 568,851
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings of subsidiaries (73,622) (111,856) (184,911)
Stock-based compensation 28,988 33,104 28,788
Net amortization of premiums and accretion of discounts on borrowings 1,947 2,058 1,741
Debt and Equity Securities, Gain (Loss) 1,581 (1,036) 1,136
Net change in:      
Other assets 4,167 13,472 (9,206)
Accrued expenses and other liabilities (37,661) (8,501) 5,851
Net cash provided by operating activities 305,671 425,752 412,250
Cash flows from investing activities:      
Purchases of equity securities (9,253) (11,261) (10,424)
Cash and cash equivalents acquired in acquisitions, net 0 0 (113,244)
Capital contributions to subsidiary (550,000) (20) (125,055)
Other, net 52 5,098 0
Net cash used in investing activities (559,201) (6,183) (248,723)
Cash flows from financing activities:      
Proceeds from issuance of long-term borrowings, net 0 0 147,508
Repayment of long-term borrowings 0 (125,000) 0
Proceeds from issuance of preferred stock, net 144,654 0 0
Dividends paid to preferred shareholders (21,369) (14,338) (13,146)
Dividends paid to common shareholders (228,228) (225,411) (205,999)
Purchase of common shares to treasury (8,867) (11,475) (24,123)
Common stock issued, net 451,164 4,006 120
Net cash provided by (used in) financing activities 337,354 (372,218) (95,640)
Net change in cash and cash equivalents 83,824 47,351 67,887
Cash and cash equivalents at beginning of year 193,248 145,897 78,010
Cash and cash equivalents at end of year $ 277,072 $ 193,248 $ 145,897