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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net income (loss) $ (475,631) $ 104,374
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 30,952 34,863
Provision for credit losses 50,708 33,453
Loss on sale of investments 801,492 28,393
Net amortization of investment securities and assets 10,297 13,104
Net amortization on borrowings 158 114
Stock-based compensation expense 12,538 8,867
Gain on sale of closed branches (152) 0
Gain on sale of foreclosed assets and other real estate owned (506) (911)
Gain on sale of mortgage loans held for sale (5,998) (6,503)
Loss on sale of loans 22 234
Loss on early extinguishment of debt 565 0
Deferred income taxes (166,587) (3,254)
Income from bank owned life insurance (11,949) (11,798)
Originations of mortgage loans held for sale (203,824) (211,421)
Proceeds from sale of mortgage loans held for sale 205,732 219,027
Changes in assets and liabilities:    
Interest receivable 18,860 (3,270)
Assets held in trading accounts (12,695) 0
Other assets 60,904 65,650
Accrued interest and other liabilities 32,343 74,820
Income taxes payable (13,390) (2,683)
Net cash provided by operating activities 333,839 343,059
INVESTING ACTIVITIES    
Net change in loans (315,554) (519,391)
Proceeds from sale of loans 97,863 6,099
Proceeds from sale of closed branches 16,595 0
Purchases of premises and equipment, net (28,155) (34,935)
Proceeds from sale of foreclosed assets and other real estate owned 10,316 5,100
Proceeds from sale of available-for-sale securities 2,363,220 251,517
Proceeds from maturities of available-for-sale securities 278,783 205,164
Purchases of available-for-sale securities (581,732) 0
Proceeds from maturities of held-to-maturity securities 41,009 62,460
Purchases of held-to-maturity securities 0 (1,000)
Purchases of bank owned life insurance (15,697) 0
Surrender of bank owned life insurance 19,025 2,201
Proceeds from bank owned life insurance death benefits 1,055 1,376
Net cash provided by (used in) investing activities 1,886,728 (21,409)
FINANCING ACTIVITIES    
Net change in deposits (2,048,017) (309,544)
Proceeds from issuance of other borrowed funds 1,480,000 2,650,000
Proceeds from issuance of subordinated notes 321,234 0
Repayments of other borrowed funds (2,206,540) (2,576,488)
Repayments of subordinated debt (37,000) 0
Dividends paid on common stock (84,282) (79,055)
Net change in federal funds purchased and securities sold under agreements to repurchase (14,761) (16,898)
Issuance of common stock 327,431 0
Net shares cancelled under stock compensation plans (3,228) (1,325)
Shares issued under employee stock purchase plan 836 970
Net cash used in financing activities (2,264,327) (332,340)
DECREASE IN CASH AND CASH EQUIVALENTS (43,760) (10,690)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 687,377 614,092
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 643,617 $ 603,402