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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 223,169 $ 244,261
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,369 17,514
Provision for credit losses 21,691 13,653
Gain on other real estate and foreclosed assets (1,590) (324)
Deferred tax (benefit) expense (2,221) 8,450
Increase cash surrender value of life insurance contracts (13,804) (7,466)
(Gain) Loss on disposal of assets (1,374) 651
Net increase in loans held for sale (1,019) (29,454)
Net amortization of securities premium/discount 6,887 9,674
Amortization of intangible assets 4,915 6,071
Stock-based compensation expense 11,817 12,194
Net change in derivative collateral liability 5,534 85,986
Net increase (decrease) in interest payable and other liabilities (18,291) 6,547
(Increase) decrease in other assets 23,372 (146,238)
Other, net (3,742) (6,828)
Net cash provided by operating activities 271,713 214,691
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of securities available for sale 167,697 157,474
Purchases of securities available for sale (289,144) 0
Proceeds from maturities of securities held to maturity 108,919 72,365
Purchases of securities held to maturity 0 (6,023)
Proceeds received upon termination of fair value hedge instruments 0 16,550
Net (increase) decrease in short-term investments 45,473 (350,103)
Net purchases of Federal Home Loan Bank stock 0 (68,057)
Proceeds from sales of loans and leases 51,055 27,439
Net increase in loans (56,692) (718,348)
Purchases of property and equipment (3,584) (18,273)
Proceeds from sales of other real estate and foreclosed assets 4,693 1,420
Other, net 507 (7,594)
Net cash provided by (used in) investing activities 28,924 (893,150)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits (489,341) 973,152
Net increase (decrease) in short-term borrowings 209,130 (241,733)
Dividends paid (61,395) (52,350)
Payroll tax remitted on net share settlement of equity awards (6,801) (3,267)
Proceeds from dividend reinvestment and stock purchase plans 2,018 1,934
Repurchase of common stock (14,622) 0
Net cash provided by (used in) financing activities (361,011) 677,736
NET DECREASE IN CASH AND DUE FROM BANKS (60,374) (723)
CASH AND DUE FROM BANKS, BEGINNING 561,202 564,459
CASH AND DUE FROM BANKS, ENDING 500,828 563,736
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired in settlement of loans $ 1,625 $ 1,322