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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities              
Net income $ 115,573 $ 81,169 $ 87,154 $ 103,360 $ 196,742 $ 190,514  
Adjustments to reconcile net income to net cash provided by operating activities:              
Provision for credit losses 23,008   22,100   47,009 40,071  
Depreciation and amortization         24,519 22,914  
Change in MSRs valuation         (2,567) (5,135)  
Amortization of other intangible assets 2,203   2,203   4,405 4,405  
Amortization and accretion on earning assets, funding, and other, net         20,405 16,509  
Net amortization of tax credit investments         17,788 17,227  
(Gains) on sales of investment securities, net         (3,857) 0  
Asset losses, net 627   299   933 35  
Loss on mortgage banking activities, net         882 1,389  
Mortgage loans originated and acquired for sale         (274,358) (168,395)  
Proceeds from sales of mortgage loans held for sale         228,732 151,167  
Changes in certain assets and liabilities:              
(Increase) in interest receivable         (3,537) (14,736)  
Increase in interest payable         13,646 44,367  
(Decrease) in expense payable         (15,042) (40,882)  
Increase (decrease) in net derivative position         10,523 (37,175)  
Net change in other assets and other liabilities         1,772 (43,503)  
Net cash provided by operating activities         267,996 178,771  
Cash flows from investing activities              
Net (increase) in loans         (378,926) (1,054,924)  
Purchases of:              
AFS securities         (695,457) (948,326)  
HTM securities         0 (41,524)  
FHLB and Federal Reserve Bank stocks and equity securities         (99,192) (97,622)  
Proceeds from:              
Sales of AFS securities         9,472 0  
Sale of FHLB and Federal Reserve Bank stocks and equity securities         139,110 115,975  
Prepayments, calls, and maturities of AFS securities         328,990 172,680  
Prepayments, calls, and maturities of HTM securities         62,894 62,212  
Sales, prepayments, calls, and maturities of other assets         1,700 17,988  
Premises, equipment, and software         (20,016) (29,663)  
Net change in tax credit and alternative investments         (3,667) (14,116)  
Net cash (used in) investing activities         (655,093) (1,817,320)  
Cash flows from financing activities              
Net (decrease) increase in deposits         (755,009) 2,378,308  
Net increase (decrease) in short-term funding         532,759 (264,684)  
Net increase (decrease) in short-term FHLB advances         735,000 (685,000)  
Repayment of long-term FHLB advances         (696) (537)  
Proceeds from long-term FHLB advances         2,656 115  
Proceeds from issuance of long-term funding         0 292,740  
(Repayment) of finance lease principal         (44) (43)  
Proceeds from issuance of common stock for stock-based compensation plans         4,436 1,859  
Cash dividends on common stock         (67,034) (64,009)  
Cash dividends on preferred stock         (5,750) (5,750)  
Net cash provided by financing activities         422,369 1,646,755  
Net increase in cash and cash equivalents         35,272 8,207  
Cash and cash equivalents at beginning of period   923,823   621,455 923,823 621,455 $ 621,455
Cash and cash equivalents at end of period(a) 959,094   629,662   959,094 629,662 923,823
Supplemental disclosures of cash flow information              
Cash paid for interest         525,006 347,202  
Cash paid for income and franchise taxes         3,413 58,985  
Loans and bank premises transferred to OREO         1,340 3,632  
Capitalized mortgage servicing rights         2,490 1,322 $ 3,564
Loans transferred (from) held for sale (into) portfolio, net         (84,559) (840)  
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (2,522)   (22,961)   (18,848) (12,630)  
Board Authorized Purchase Program [Member]              
Cash flows from financing activities              
Purchase of treasury stock, open market purchases         (18,289) 0  
Other Assets [Member]              
Supplemental disclosures of cash flow information              
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge         2,113 (704)  
Other Liabilities [Member]              
Supplemental disclosures of cash flow information              
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge         9,779 9,651  
Performance/Service Based RSAs, RSA,              
Cash flows from financing activities              
Purchase of treasury stock, open market purchases         (5,660) (6,246)  
Retained Earnings [Member]              
Cash flows from operating activities              
Net income $ 115,573 $ 81,169 $ 87,154 $ 103,360 $ 196,742 $ 190,514