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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 460,815 $ 392,602 $ 524,089
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 32,301 34,720 31,582
Provision for credit losses 52,167 59,103 (28,399)
Gain on other real estate and foreclosed assets (2,022) (967) (4,382)
Deferred tax expense (benefit) 4,299 13,986 (22,166)
Increase in cash surrender value of life insurance contracts (27,315) (17,671) (7,010)
(Gain) loss on disposal or impairment of assets (1,242) (15,753) 259
Loss on sale of securities available for sale 0 65,380 87
Net (increase) decrease in loans held for sale 4,504 (24,589) 61,031
Net amortization of securities premium/discount 13,704 16,383 35,490
Amortization of intangible assets 9,413 11,556 14,033
Stock-based compensation expense 22,703 24,652 23,489
Net change in derivative collateral liability (5,288) 58,326 64,867
Increase (decrease) in interest payable and other liabilities (16,833) 48,714 6,838
(Increase) decrease in other assets 84,981 (160,890) 176,354
Other, net (6,445) (10,303) (34,141)
Net cash provided by operating activities 625,742 495,249 842,021
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from sales of securities available for sale 0 977,114 73,219
Proceeds from maturities of securities available for sale 454,188 813,214 502,628
Purchases of securities available for sale (750,265) (1,044,988) (635,593)
Proceeds from maturities of securities held to maturity 238,899 163,266 147,879
Purchases of securities held to maturity 0 (6,023) (884,427)
Proceeds received upon termination of fair value hedge instruments 0 19,275 90,601
Payments made to terminate cash flow hedge instruments (13,730) (2,915) 0
Net redemptions (purchases) of Federal Home Loan Bank stock 134,667 (68,057) (12,095)
Net (increase) decrease in short-term investments (312,633) (303,022) 3,506,845
Proceeds from sales of loans and leases 119,166 115,119 30,652
Net (increase) decrease in loans 407,460 (968,237) (2,088,836)
Purchases of life insurance contracts 0 0 (65,000)
Purchases of property and equipment (10,237) (25,025) (29,145)
Proceeds from sales of property 6,144 33,130 62
Proceeds from sales of other real estate and foreclosed assets 1,795 3,575 14,081
Other, net (698) (1,637) 11,487
Net cash provided by (used in) investing activities 274,756 (295,211) 662,358
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits (197,208) 619,710 (1,395,548)
Net increase (decrease) in short-term borrowings (515,814) (716,442) 206,210
Repayments of long-term debt 0 0 (480)
Issuance of long-term debt, net of issuance costs 0 0 5,629
Dividends paid (130,840) (104,697) (94,458)
Payroll tax remitted on net share settlement of equity awards (9,358) (5,681) (7,386)
Other repurchases of common stock (37,690) 0 (58,892)
Proceeds from exercise of stock options 0 0 227
Proceeds from dividend reinvestment and stock purchase plan 4,120 3,815 3,577
Net cash used in financing activities (886,790) (203,295) (1,341,121)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 13,708 (3,257) 163,258
CASH AND DUE FROM BANKS, BEGINNING 561,202 564,459 401,201
CASH AND DUE FROM BANKS, ENDING 574,910 561,202 564,459
SUPPLEMENTAL INFORMATION      
Income taxes paid 89,635 103,190 135,193
Interest paid 635,770 487,681 80,076
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES      
Assets acquired in settlement of loans $ 28,491 $ 4,302 $ 596