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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 244,913 $ 195,890
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,814 14,352
Provision for credit losses (32,288) (22,140)
Gain on other real estate and foreclosed assets (3,276) (627)
Loss (gain) on sale of securities 87 (333)
Deferred tax expense 11,634 2,158
Increase in cash surrender value of life insurance contracts (920) (15,353)
Impairment of or loss on disposal of assets 539 15,274
Loss on extinguishment of debt   4,165
Net decrease in loans held for sale 43,329 45,414
Net amortization of securities premium/discount 21,311 26,211
Amortization of intangible assets 7,334 8,664
Stock-based compensation expense 11,379 11,646
Net change in derivative collateral liability 96,591 44,441
Decrease in interest payable and other liabilities (19,009) (6,229)
Decrease in other assets 108,679 45,301
Other, net (18,286) (1,271)
Net cash provided by operating activities 486,831 367,563
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from the sale of available for sale securities 73,219 198,681
Proceeds from maturities of securities available for sale 295,121 593,760
Purchases of securities available for sale (383,398) (2,235,723)
Proceeds from maturities of securities held to maturity 77,794 77,197
Purchases of securities held to maturity (708,439) (59,362)
Proceeds received upon termination of fair value hedge instruments 49,167  
Net (increase) decrease in short-term investments 2,959,439 (869,999)
Net redemptions of Federal Home Loan Bank stock 37,423  
Proceeds from sales of loans and leases 26,619 12,312
Net (increase) decrease in loans (808,525) 670,795
Purchase of life insurance contracts (65,000) (75,000)
Proceeds from the surrender of life insurance contracts   44,045
Purchases of property and equipment (18,212) (7,636)
Proceeds from sales of other real estate 9,378 5,504
Other, net 4,277 6,549
Net cash provided by (used in) investing activities 1,548,863 (1,638,877)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits (599,465) 1,575,231
Net decrease in short-term borrowings (1,035,050) (151,005)
Proceeds from the issuance of long-term debt   22,388
Repayments of long-term debt (480) (153,287)
Dividends paid (47,365) (48,044)
Payroll tax remitted on net share settlement of equity awards (1,799) (1,082)
Proceeds from exercise of stock options 227 439
Proceeds from dividend reinvestment and stock purchase plans 1,800 1,962
Repurchase of common stock (56,489)  
Net cash provided by (used in) financing activities (1,738,621) 1,246,602
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 297,073 (24,712)
CASH AND DUE FROM BANKS, BEGINNING 401,201 526,306
CASH AND DUE FROM BANKS, ENDING 698,274 501,594
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 118 $ 2,578