XML 22 R9.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 62,631 $ 62,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion, net 10,880 12,126
Provision for credit losses 12,899 21,783
Stock based compensation 2,403 2,482
Deferred income tax expense 4,059 8,103
Securities losses, net 0 1,644
Gains from sales of other loans (1,537) (1,916)
Changes in assets and liabilities:    
Other assets (12,359) 10,303
Accrued expenses and other liabilities 14,965 (22,029)
Loans held for sale (5,132) (4,703)
Net cash provided by operating activities 88,809 90,093
Debt securities held-to-maturity:    
Proceeds from maturities and calls 27,051 31,550
Debt securities available-for-sale:    
Proceeds from sales 647 380,661
Proceeds from maturities and calls 229,902 83,794
Purchases (302,962) (25,862)
Net increase in loans (67,629) (345,316)
Payments for other investments (4,353) (74,323)
Proceeds from other investments 380 93,687
Proceeds from sales of premises and equipment 16 2,169
Purchases of premises and equipment (13,710) (22,602)
Net cash received in acquisition 0 57,101
Other investing inflows 8,145 436
Net cash (used in) provided by investing activities (122,513) 181,295
Financing activities:    
Net increase in deposits 21,024 793,162
Net decrease in short-term borrowings 0 (292,732)
Proceeds from FHLB advances 100 1,580,000
Repayment of FHLB advances (100) (2,195,000)
Cash dividends on common stock (27,733) (23,674)
Cash dividends on preferred stock (1,573) (1,719)
Other financing inflows 1,211 1,058
Other financing outflows (1,167) (1,655)
Net cash used in financing activities (8,238) (140,560)
Net change in cash and cash equivalents (41,942) 130,828
Cash and cash equivalents, beginning of period 1,003,875 646,853
Cash and cash equivalents, end of period $ 961,933 $ 777,681