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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 113,726 $ 104,636
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for loan losses 28,489 17,398
Depreciation and amortization of premises and equipment 9,569 8,609
Net amortization on securities 1,219 1,926
Amortization of intangible assets 8,582 6,363
Amortization of operating lease right-of-use assets 6,342 5,615
Excess tax benefit on stock-based compensation (662) (185)
Stock-based compensation expense 4,634 5,155
Bank owned life insurance income (8,817) (6,054)
Amortization of subordinated debt issuance costs 199 328
Proceeds from sale of loans held for sale 208,465 85,479
Originations of loans held for sale (202,843) (85,484)
Net gain on sale of loans held for sale (512) (136)
Net securities gains (6) (2,567)
Net gains on sale of other real estate owned (111) 0
Net change in other assets and other liabilities 797 (1,688)
Net cash provided by operating activities 169,071 139,395
Investing activities    
Net cash provided by (used in) acquisitions 37,944 (983)
Securities available for sale:    
Proceeds from maturities, calls and principal paydowns 160,693 101,583
Proceeds from sales 254,468 2,284
Purchases (342,763) (135,436)
Securities held to maturity:    
Proceeds from maturities, calls and principal paydowns 142,526 121,314
Purchases (68,463) (71,984)
Equity securities:    
Proceeds from sales 491 0
Purchases 0 (18)
Other:    
Net decrease (increase) in loans 24,735 (268,954)
Proceeds from Federal Reserve and Federal Home Loan Bank stock redemption 30,264 70,143
Purchases of Federal Reserve and Federal Home Loan Bank stock (30,876) (62,014)
Proceeds from settlement of bank owned life insurance 7,897 608
Purchases of premises and equipment, net (12,271) (8,111)
Proceeds from sales of other real estate owned 269 0
Net cash provided by (used in) investing activities 204,914 (251,568)
Financing activities    
Net increase in deposits 250,108 619,284
Net decrease in short-term borrowings (67,213) (181,692)
Redemption of subordinated debt (118,000) 0
Repayments of long-term debt (25,118) (114)
Proceeds from the issuance of shares to employee and other stock plans 117 61
Cash paid by employer for tax-withholding on stock issuance (4,414) (1,623)
Purchase of treasury stock 0 (251)
Cash dividends (53,279) (46,222)
Net cash (used in) provided by financing activities (17,799) 389,443
Net increase in cash and cash equivalents 356,186 277,270
Cash and cash equivalents at beginning of period 284,056 205,189
Cash and cash equivalents at end of period 640,242 482,459
Cash paid during the period for:    
Interest expense 160,370 162,973
Income taxes paid, net of refund 16,341 17,115
Noncash investing activities:    
Loans transferred to other real estate owned 243 127
Acquisitions:    
Fair value of assets acquired, excluding acquired cash and goodwill 2,087,439 1,763
Fair value of liabilities assumed $ 1,997,253 $ 0