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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2023
Cash flows from operating activities:              
Net income $ 163,355 $ 106,058 $ 97,856 $ 96,280 $ 402,580 $ 264,560  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization         28,731 31,245  
Stock-based compensation         18,015 22,995  
Provision for credit losses 19,171   75,024   119,631 202,294  
Net accretion of discounts and amortization of premium on securities and borrowings         (6,028) (2,143)  
Amortization of other intangible assets 7,544   8,692   22,990 26,672  
(Gains) losses on available for sale and held to maturity debt securities, net         (17) 12  
Proceeds from sales of loans held for sale at fair value         139,507 155,863  
(Gains) losses on sales of loans, net (740)   3,644   (4,962) 1,142  
Originations of loans held for sale         (124,768) (148,294)  
Gains on sales of assets, net         (78) (3,747)  
Loss on extinguishment of debt 0   0   922 0  
Net change in:              
Fair value of financial instruments hedged by derivative transactions         9,349 20,452  
Trading debt securities         0 (23)  
Lease right of use assets         7,434 8,421  
Cash surrender value of bank owned life insurance         (15,121) (13,167)  
Accrued interest receivable         (2,920) (4,633)  
Other assets         113,953 (55,675)  
Accrued expenses and other liabilities         (562,027) (349,630)  
Net cash provided by operating activities         147,191 156,344  
Cash flows from investing activities:              
Loans originated and purchased, net of principal collected         (582,053) (408,268)  
Equity securities:              
Purchases         (11,687) (8,295)  
Sales and capital returns         3,989 1,146  
Held to maturity debt securities:              
Purchases         (278,690) (60,585)  
Maturities, calls and principal repayments         269,743 224,349  
Available for sale debt securities:              
Purchases         (990,956) (1,410,651)  
Maturities, calls and principal repayments         328,184 154,021  
Death benefit proceeds from bank owned life insurance         7,012 6,852  
Proceeds from sales of real estate property and equipment         2,277 3,702  
Proceeds from sales of loans not originated for sale         11,899 230,666  
Proceeds from sale of commercial premium finance lending division         0 98,060  
Purchases of real estate property and equipment         (8,964) (9,724)  
Net cash used in investing activities         (1,249,246) (1,178,727)  
Cash flows from financing activities:              
Net change in deposits         1,098,747 1,144,039  
Net change in short-term borrowings         (21,666) (859,566)  
Proceeds from issuance of long-term borrowings, net         210,000 1,001,800  
Repayments of long-term borrowings         (488,000) (65,000)  
Proceeds from issuance of preferred stock, net         0 144,654  
Cash dividends paid to preferred shareholders         (21,547) (16,141)  
Cash dividends paid to common shareholders         (187,061) (170,321)  
Purchase of common shares related to stock compensation plan activity         (9,334) (8,477)  
Purchase of common shares to treasury         (16,358) 0  
Common stock issued, net         17,698 78  
Other, net         (109) (3)  
Net cash provided by financing activities         582,370 1,171,063  
Net change in cash and cash equivalents         (519,685) 148,680  
Cash and cash equivalents at beginning of year   1,890,125   $ 891,225 1,890,125 891,225  
Cash and cash equivalents at end of period 1,370,440   $ 1,039,905   1,370,440 1,039,905 $ 891,225
Supplemental disclosures of cash flow information:              
Interest on deposits and borrowings         1,164,037 1,348,751  
Federal and state income taxes         64,590 82,712  
Supplemental schedule of non-cash investing activities:              
Transfer of loans to other real estate owned, net         832 7,172  
Transfer of loans to loans held for sale, net $ 3,900 $ 10,200     14,137 823,091 $ 10,000
Lease right of use assets obtained in exchange for operating lease liabilities         $ 25,791 $ 15,429