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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net income $ 315,124 $ 285,979 $ 354,124
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 72,631 37,500 25,978
Provision for losses on other real estate owned 1,752 1,164 0
Deferred tax provision/(benefit) 12,145 (20,756) (4,782)
Depreciation and amortization 6,598 7,183 8,371
Amortization of right-of-use asset 9,438 9,646 9,733
Change in operating lease liabilities 5,251 (3,946) 2,279
Net gains on sale and transfers of other real estate owned (3,898) 0 0
Net (gains)/losses on sale of loans (435) 737 0
Loss on sales or disposal of fixed assets 63 0 6
Amortization of alternative energy partnerships, venture capital and other investments 43,614 72,633 86,616
Net gain on sales and calls of securities 0 (1,107) 0
Amortization/accretion of security premiums/discount, net (27,043) (25,369) (11,373)
Unrealized (gain)/loss on equity securities (7,392) 7,516 (18,248)
Write-off of AFS debt securities 0 0 3,000
Stock-based compensation and stock issued to officers as compensation 7,610 6,804 7,836
Net change in accrued interest receivable and other assets 26,722 (10,050) (54,369)
Net change in other liabilities (93,611) (38,779) (24,429)
Net cash provided by operating activities 368,569 329,155 384,742
Cash Flows from Investing Activities      
Purchase of investment securities available-for-sale (1,712,903) (1,358,614) (618,334)
Purchase of equity securities (3,000) 0 0
Proceeds from repayment, maturity, and call of investment securities available-for-sale 1,673,156 1,407,915 522,815
Proceeds from sale of investment securities available-for-sale 0 33,690 0
Purchase of Federal Home Loan Bank stock 0 (12,535) (29,381)
Redemption of Federal Home Loan Bank stock 0 13,031 28,885
Proceeds from sale of loans originally classified as held-for-investment 50,329 172,960 0
Net increase in loans (876,884) (36,018) (1,327,048)
Purchase of premises and equipment (4,911) (3,636) (3,401)
Proceeds from sales of other real estate owned 14,038 0 0
Net increase/(decrease) in investment in affordable housing and alternative energy partnerships 2,854 (32,763) (50,616)
Net cash (used)/provided for investing activities (857,321) 184,030 (1,477,080)
Cash Flows from Financing Activities      
Increase in deposits 1,207,898 360,997 820,041
Advances from Federal Home Loan Bank 11,348,000 6,968,000 14,035,000
Repayment of Federal Home Loan Bank borrowings (11,408,000) (7,448,000) (13,980,000)
Cash dividends paid (93,800) (97,967) (98,638)
Purchase of treasury stock (180,288) (84,703) (16,667)
Proceeds from shares issued under Dividend Reinvestment Plan 2,610 2,933 3,491
Taxes paid related to net share settlement of RSUs (2,779) (3,726) (4,490)
Net cash provided/(used) by financing activities 873,641 (302,466) 758,737
Increase/(decrease) in cash, cash equivalents, and restricted cash 384,889 210,719 (333,601)
Cash, cash equivalents, and restricted cash, beginning of the year 1,039,520 828,801 1,162,402
Cash, cash equivalents, and restricted cash, end of the period 1,424,409 1,039,520 828,801
Supplemental Cash Flow Information      
Interest 568,674 662,066 484,861
Income taxes 55,816 56,172 70,332
Non-cash investing and financing activities:      
Net change in unrealized holding gain/(loss) on securities available-for-sale, net of tax 31,207 583 18,642
Net (loss)/gain (1) 0 (774) (1,763)
Loans transferred from held-for-investment to held-for-sale 58,832 173,697 0
Transfers to other real estate owned from loans held-for-investment 11,357 4,794 15,374
Transfers to other real estate owned from loans held-for-sale $ 8,938 $ 0 $ 0