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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 234,983 $ 265,685 $ 265,735
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (benefit) for credit losses 26,630 1,392 (39,000)
Depreciation, amortization and accretion, net 42,767 56,747 51,844
Deferred income tax (benefit) provision (13,656) 22,138 14,120
Stock-based compensation 9,609 10,298 13,106
Other (gains) losses (5,834) 2,822 (4,143)
Originations of loans held for sale (21,324) (15,694) (87,336)
Proceeds from sales of loans held for sale 22,240 15,234 100,499
Net gains on investment securities (792)   (102)
Change in assets and liabilities:      
Net (increase) decrease in other assets (40,156) 18,469 (8,211)
Net increase in other liabilities 559 53,523 110,613
Net cash provided by operating activities 255,026 430,614 417,125
Available-for-sale securities:      
Proceeds from maturities and principal repayments 431,535 873,747 1,814,514
Proceeds from calls and sales 510,837 1,080 11,115
Purchases   (938,268) (4,428,656)
Held-to-maturity securities:      
Proceeds from maturities and principal repayments 311,195 350,593  
Proceeds from calls 8,290 585  
Purchases   (79,470)  
Other investments:      
Proceeds from sales 131,288 7,967 28,483
Purchases (133,212) (31,087) (80,464)
Loans:      
Net increase in loans and leases resulting from originations and principal repayments (177,923) (914,318) 594,642
Proceeds from sales of loans originated for investment   288 2,200
Purchases of loans (57,879) (235,884) (309,760)
Proceeds from bank-owned life insurance 8,486   7,903
Purchases of premises, equipment and software (15,988) (13,295) (20,458)
Proceeds from sales of premises and equipment 8,509 17,304 4,021
Other 34 (4,342) 141
Net cash provided by (used in) investing activities 1,025,172 (965,100) (2,376,319)
Cash flows from financing activities      
Net (decrease) increase in deposits (356,372) (127,117) 2,588,423
Net (decrease) increase in short-term borrowings (75,000) 75,000  
Proceeds from long-term borrowings 500,000    
Repayment of long-term borrowings     (200,010)
Dividends paid (132,646) (132,588) (134,133)
Stock tendered for payment of withholding taxes (3,215) (3,555) (3,108)
Proceeds from employee stock purchase plan 308 379 547
Common stock repurchased   (9,478) (75,000)
Net cash provided by financing activities (66,925) (197,359) 2,176,719
Net increase (decrease) in cash and cash equivalents 1,213,273 (731,845) 217,525
Cash and cash equivalents at beginning of year 526,624 1,258,469 1,040,944
Cash and cash equivalents at end of year 1,739,897 526,624 1,258,469
Supplemental disclosures      
Interest paid 262,186 44,325 23,001
Income taxes paid, net of income tax refunds 54,021 24,692 55,354
Noncash investing and financing activities:      
Transfers from loans and leases and other assets to other real estate owned   226 316
Operating lease right-of-use assets obtained in exchange for new lease obligations 4,775 4,676 31,792
Transfers to loans and leases from loans held for sale   546  
Transfers to loans held for sale from loans and leases 1,133   1,616
Obligation to fund low-income housing partnerships $ 63,086 7,569 $ 35,721
Transfers of securities from available-for-sale to held-to-maturity   $ 4,550,748