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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 380,302 $ 325,472
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,210 21,743
Provision for credit losses (30,886) (49,095)
Gain on other real estate and foreclosed assets (5,210) (1,124)
Loss (gain) on sale of securities 87 (333)
Deferred tax expense 9,396 1,378
(Increase) decrease in cash surrender value of life insurance contracts (2,372) (21,122)
Impairment of or loss on disposal of assets 140 15,165
Loss on extinguishment of debt   4,165
Net decrease in loans held for sale 54,010 43,867
Net amortization of securities premium/discount 29,475 38,318
Amortization of intangible assets 10,762 12,746
Stock-based compensation expense 17,507 17,270
Net change in derivative collateral liability 36,776 53,387
Increase in interest payable and other liabilities 1,964 22,037
Decrease in other assets 174,915 60,971
Other, net (24,999) (13,970)
Net cash provided by operating activities 675,077 530,875
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 415,221 831,433
Purchases of securities available for sale (517,178) (2,235,723)
Proceeds from maturities of securities held to maturity 111,612 99,044
Purchases of securities held to maturity (859,333) (59,362)
Proceeds received upon termination of fair value hedge instruments 74,006  
Net (increase) decrease in short-term investments 3,568,970 (1,728,995)
Net redemptions of Federal Home Loan Bank stock 4,969 52,535
Proceeds from sales of loans and leases 26,619 12,540
Net (increase) decrease in loans (1,545,537) 915,652
Purchase of life insurance contracts (65,000) (75,000)
Proceeds from the surrender of life insurance contracts   44,045
Purchases of property and equipment (22,352) (12,402)
Proceeds from sales of other real estate and foreclosed assets 11,308 7,804
Other, net 2,778 35,903
Net cash provided by (used in) investing activities 1,279,302 (1,913,845)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits (1,514,623) 1,510,280
Net increase (decrease) in short-term borrowings (122,080) 77,715
Proceeds from the issuance of long-term debt   22,388
Repayments of long-term debt (480) (153,365)
Dividends paid (70,926) (72,046)
Payroll tax remitted on net share settlement of equity awards (1,891) (1,298)
Proceeds from exercise of stock options 227 439
Proceeds from dividend reinvestment and stock purchase plans 2,671 2,940
Repurchase of common stock (58,892) (2,509)
Net cash provided by (used in) financing activities (1,765,994) 1,384,544
NET INCREASE IN CASH AND DUE FROM BANKS 188,385 1,574
CASH AND DUE FROM BANKS, BEGINNING 401,201 526,306
CASH AND DUE FROM BANKS, ENDING 589,586 527,880
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 328 $ 2,623