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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 103,283,000 $ 158,979,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 72,598,000 47,637,000
Amortization of intangibles 795,000 795,000
Depreciation and amortization of premises and equipment 15,361,000 13,842,000
Net accretion of discounts and amortization of premiums and deferred fees (51,360,000) (2,276,000)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives (1,641,000) (2,876,000)
Share-based compensation 11,479,000 7,873,000
Fair value adjustments on mortgage servicing rights 3,439,000 1,376,000
Adjustments to indemnity reserves on loans sold 237,000 (612,000)
Earnings from investments under the equity method, net of dividends or distributions (11,792,000) (8,621,000)
Deferred income tax expense (benefit) 9,513,000 (2,064,000)
Gain on:    
Disposition of premises and equipment and other productive assets (3,412,000) (2,423,000)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities (74,000) (264,000)
Sale of foreclosed assets, including write-downs (4,447,000) (5,228,000)
Acquisitions of loans held-for-sale (324,000) (2,861,000)
Proceeds from sale of loans held-for-sale 8,283,000 9,148,000
Net originations on loans held-for-sale (11,056,000) (21,790,000)
Net decrease (increase) in:    
Trading debt securities 6,465,000 (1,055,000)
Equity securities (1,995,000) (3,731,000)
Accrued income receivable (22,719,000) 314,000
Other assets 38,702,000 25,072,000
Net increase (decrease) in:    
Interest payable (10,799,000) (2,846,000)
Pension and other postretirement benefits obligation 916,000 4,038,000
Other liabilities 10,111,000 (59,381,000)
Total adjustments 58,280,000 (5,933,000)
Net cash provided by operating activities 161,563,000 153,046,000
Cash flows from investing activities:    
Net decrease (increase) in money market investments 1,070,973,000 (483,178,000)
Purchases of investment securities:    
Available-for-sale (8,161,525,000) (3,960,443,000)
Equity (971,000) (11,927,000)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:    
Available-for-sale 6,728,665,000 4,909,334,000
Held-to-maturity 154,009,000 3,818,000
Proceeds from sale of investment securities:    
Available-for-sale 0 0
Equity 945,000 25,595,000
Net repayments (disbursements) on loans 2,354,000 (155,538,000)
Proceeds from sale of loans 15,356,000 3,276,000
Acquisition of loan portfolios (141,730,000) (145,735,000)
Return of capital from equity method investments 0 249,000
Acquisition of premises and equipment and other productive assets (53,889,000) (36,062,000)
Proceeds from sale of:    
Premises and equipment and other productive assets 1,632,000 1,972,000
Foreclosed assets 26,773,000 21,417,000
Net cash (used in) provided by investing activities (357,408,000) 172,778,000
Net increase (decrease) in:    
Deposits 190,477,000 (293,780,000)
Assets sold under agreements to repurchase (25,294,000) (25,110,000)
Other short-term borrowings 0 (365,000,000)
Payment of notes payable (21,000,000) (1,000,000)
Principal payments of finance leases (881,000) (804,000)
Proceeds from issuance of notes payable 0 394,178,000
Proceeds from issuance of common stock 1,799,000 1,567,000
Dividends paid (44,976,000) (39,878,000)
Net payments for repurchase of common stock (314,000) (282,000)
Payments related to tax witholding for share-based compensation (3,262,000) (2,688,000)
Net cash provided by (used in) financing activities 96,549,000 (332,797,000)
Net decrease in cash and due from banks, and restricted cash (99,296,000) (6,973,000)
Cash and due from banks and restricted cash at beginning of period 427,575,000 476,159,000
Cash and due from banks and restricted cash at end of period $ 328,279,000 $ 469,186,000