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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 524,089 $ 463,215 $ (45,174)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 31,582 29,113 30,128
Provision for credit losses (28,399) (77,494) 602,904
(Gain) loss on other real estate and foreclosed assets (4,382) (2,280) 9,581
Deferred tax expense (benefit) (22,166) 10,376 (20,716)
Increase in cash surrender value of life insurance contracts (7,010) (23,505) (19,244)
Impairment of or loss on disposal of assets 259 14,354 3,159
Loss on extinguishment of debt   4,165  
Loss (gain) on sale of securities available for sale 87 (333) (488)
Net (increase) decrease in loans held for sale 61,031 41,157 (77,544)
Net amortization of securities premium/discount 35,490 50,311 43,226
Amortization of intangible assets 14,033 16,665 19,916
Stock-based compensation expense 23,489 22,442 21,107
Net change in derivative collateral liability 64,867 62,670 (80,290)
Increase in interest payable and other liabilities 6,838 20,869 4,687
(Increase) decrease in other assets 176,354 (21,050) (111,094)
Other, net (34,141) (24,985) (24,967)
Net cash provided by operating activities 842,021 585,690 355,191
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available for sale 73,219 198,681 211,919
Proceeds from maturities of securities available for sale 502,628 1,073,133 1,001,720
Purchases of securities available for sale (635,593) (2,527,272) (2,371,954)
Proceeds from maturities of securities held to maturity 147,879 116,536 218,205
Purchases of securities held to maturity (884,427) (338,089) (20,884)
Proceeds received upon termination of fair value hedge instruments 90,601    
Net redemptions (purchases) of Federal Home Loan Bank stock (12,095) 52,535 (12,868)
Net (increase) decrease in short-term investments 3,506,845 (2,496,849) (1,223,557)
Proceeds from sales of loans and leases 30,652 22,485 328,958
Net (increase) decrease in loans (2,088,836) 670,958 (1,296,136)
Purchases of life insurance contracts (65,000) (75,000)  
Proceeds from surrender of life insurance contracts   44,045  
Purchases of property and equipment (29,145) (23,541) (37,869)
Proceeds from sales of other real estate and foreclosed assets 14,081 15,527 17,923
Other, net 11,549 42,267 7,071
Net cash provided by (used in) investing activities 662,358 (3,224,584) (3,177,472)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits (1,395,548) 2,768,020 3,894,302
Net increase (decrease) in short-term borrowings 206,210 (2,452) (1,047,359)
Repayments of long-term debt (480) (153,444) (308)
Issuance of long-term debt, net of issuance costs 5,629 22,388 166,425
Dividends paid (94,458) (95,927) (95,605)
Payroll tax remitted on net share settlement of equity awards (7,386) (7,364) (4,530)
Cash received under accelerated share repurchase agreement     12,110
Other repurchases of common stock (58,892) (21,796) (12,716)
Proceeds from exercise of stock options 227 492  
Proceeds from dividend reinvestment and stock purchase plan 3,577 3,872 4,164
Net cash provided by (used in) financing activities (1,341,121) 2,513,789 2,916,483
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 163,258 (125,105) 94,202
CASH AND DUE FROM BANKS, BEGINNING 401,201 526,306 432,104
CASH AND DUE FROM BANKS, ENDING 564,459 401,201 526,306
SUPPLEMENTAL INFORMATION      
Income taxes paid 135,193 122,594 17,465
Interest paid 80,076 49,995 121,343
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES      
Assets acquired in settlement of loans $ 596 $ 2,806 $ 6,420