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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 392,602 $ 524,089 $ 463,215
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 34,720 31,582 29,113
Provision for credit losses 59,103 (28,399) (77,494)
Gain on other real estate and foreclosed assets (967) (4,382) (2,280)
Deferred tax expense (benefit) 13,986 (22,166) 10,376
Increase in cash surrender value of life insurance contracts (17,671) (7,010) (23,505)
(Gain) loss on disposal or impairment of assets (15,753) 259 14,354
Loss on extinguishment of debt     4,165
Loss (gain) on sale of securities available for sale 65,380 87 (333)
Net (increase) decrease in loans held for sale (24,589) 61,031 41,157
Net amortization of securities premium/discount 16,383 35,490 50,311
Amortization of intangible assets 11,556 14,033 16,665
Stock-based compensation expense 24,652 23,489 22,442
Net change in derivative collateral liability 58,326 64,867 62,670
Increase in interest payable and other liabilities 48,714 6,838 20,869
(Increase) decrease in other assets (160,890) 176,354 (21,050)
Other, net (10,303) (34,141) (24,985)
Net cash provided by operating activities 495,249 842,021 585,690
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available for sale 977,114 73,219 198,681
Proceeds from maturities of securities available for sale 813,214 502,628 1,073,133
Purchases of securities available for sale (1,044,988) (635,593) (2,527,272)
Proceeds from maturities of securities held to maturity 163,266 147,879 116,536
Purchases of securities held to maturity (6,023) (884,427) (338,089)
Proceeds received upon termination of fair value hedge instruments 19,275 90,601  
Net redemptions (purchases) of Federal Home Loan Bank stock (68,057) (12,095) 52,535
Net (increase) decrease in short-term investments (303,022) 3,506,845 (2,496,849)
Proceeds from sales of loans and leases 115,119 30,652 22,485
Net (increase) decrease in loans (968,237) (2,088,836) 670,958
Purchases of life insurance contracts 0 (65,000) (75,000)
Proceeds from surrender of life insurance contracts 0 0 44,045
Purchases of property and equipment (25,025) (29,145) (23,541)
Proceeds from sales of property 33,130 62 1,906
Proceeds from sales of other real estate and foreclosed assets 3,575 14,081 15,527
Other, net (4,552) 11,487 40,361
Net cash provided by (used in) investing activities (295,211) 662,358 (3,224,584)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits 619,710 (1,395,548) 2,768,020
Net increase (decrease) in short-term borrowings (716,442) 206,210 (2,452)
Repayments of long-term debt 0 (480) (153,444)
Issuance of long-term debt, net of issuance costs 0 5,629 22,388
Dividends paid (104,697) (94,458) (95,927)
Payroll tax remitted on net share settlement of equity awards (5,681) (7,386) (7,364)
Other repurchases of common stock 0 (58,892) (21,796)
Proceeds from exercise of stock options 0 227 492
Proceeds from dividend reinvestment and stock purchase plan 3,815 3,577 3,872
Net cash provided by (used in) financing activities (203,295) (1,341,121) 2,513,789
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (3,257) 163,258 (125,105)
CASH AND DUE FROM BANKS, BEGINNING 564,459 401,201 526,306
CASH AND DUE FROM BANKS, ENDING 561,202 564,459 401,201
SUPPLEMENTAL INFORMATION      
Income taxes paid 103,190 135,193 122,594
Interest paid 487,681 80,076 49,995
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES      
Assets acquired in settlement of loans $ 4,302 $ 596 $ 2,806