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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities    
Net income $ 151,298 $ 110,618
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 8,723 6,715
Accretion of discounts on securities, net (14,018) (3,858)
Amortization of operating lease ROUAs 7,805 6,793
Other amortization and accretion, net 13,535 2,224
Stock-based compensation 16,209 11,445
Origination of loans designated for sale (191,183) (75,987)
Sale of loans designated for sale 199,577 86,383
Provision for credit losses 16,055 22,000
Deferred income taxes 3,038 7,174
Losses on securities 40,126 606
Gains on sale of loans (6,282) (4,067)
Losses (gains) on sale and write-downs of bank premises, equipment and OREO 272 (8)
Changes in operating assets and liabilities:    
Net increase in other assets (36,987) (37,432)
Net increase in other liabilities 63,994 942
Net cash provided by operating activities 272,162 133,548
Cash Flows from Investing Activities    
Maturities and repayments of debt securities AFS 494,954 369,197
Maturities and repayments of debt securities HTM 33,072 36,460
Proceeds from sale of debt securities AFS 511,140 265,524
Purchases of debt securities AFS (748,160) (1,171,727)
Maturities and redemptions of time deposits with other banks 13,926 2,219
Net new loans and principal repayments (961,369) (528,685)
Proceeds from the sale of loans held for investment 17,486 19,110
Proceeds from sale of OREO 989 2,960
Proceeds from sale of FHLB and Federal Reserve Bank stock 80,999 31,118
Purchase of FHLB and Federal Reserve Bank stock (89,385) (55,185)
Proceeds from BOLI death benefit 0 2,294
Net cash from acquisitions (3,800) 185,995
Additions to bank premises and equipment (7,637) (7,149)
Net cash used in investing activities (657,785) (847,869)
Cash Flows from Financing Activities    
Net increase in deposits 323,816 142,697
Net (decrease) increase in repurchase agreements (72,237) 4,176
Net increase of FHLB and other borrowings with original maturities of three months or less 225,000 100,000
Repayments of FHLB and other borrowings with original maturities of more than three months (735,000) (105,000)
Proceeds from FHLB and other borrowings with original maturities of more than three months 660,000 450,000
Stock-based employee benefit plans 493 (1,289)
Repurchase of common stock (39,316) 0
Dividends paid (62,433) (46,876)
Net cash provided by financing activities 300,323 543,708
Net decrease in cash and cash equivalents (85,300) (170,613)
Cash and cash equivalents at beginning of period 388,545 476,607
Cash and cash equivalents at end of period 303,245 305,994
Supplemental disclosure of cash flow information:    
Cash paid for interest 231,455 205,578
Cash paid for taxes, net 32,835 10,380
Recognition of operating lease ROUAs, other than through bank acquisitions, net of terminations 5,851 9,372
Recognition of operating lease liabilities, other than through bank acquisitions, net of terminations 5,905 9,372
Supplemental disclosure of non-cash investing activities:    
Transfers from loans to OREO [1] $ 176 $ 1,116
[1]
1See "Note 11 – Business Combinations" for non-cash transactions related to business combinations.