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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 81,169 $ 103,360  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 24,001 17,971  
Depreciation and amortization 12,352 11,425  
Change in MSRs valuation (1,646) 1,857  
Amortization of other intangible assets 2,203 2,203  
Amortization and accretion on earning assets, funding, and other, net 10,673 338  
Net amortization of tax credit investments 8,990 8,574  
(Gains) on sales of investment securities, net (3,857) 0  
Asset losses (gains), net 306 (263)  
(Gains) loss on mortgage banking activities, net (22) 251  
Mortgage loans originated and acquired for sale (105,394) (69,254)  
Proceeds from sales of mortgage loans held for sale 91,026 54,652  
Changes in certain assets and liabilities:      
Decrease (increase) in interest receivable 2,477 (7,955)  
Increase in interest payable 15,590 14,775  
(Decrease) in expense payable (30,827) (52,396)  
Increase (decrease) in net derivative position 35,008 (42,403)  
Net change in other assets and other liabilities 12,453 4,336  
Net cash provided by operating activities 154,500 47,470  
Cash flows from investing activities      
Net (increase) in loans (222,656) (414,268)  
Purchases of:      
AFS securities (341,275) (681,386)  
HTM securities 0 (41,524)  
FHLB and Federal Reserve Bank stocks and equity securities (16,585) (56,892)  
Proceeds from:      
Sales of AFS securities 9,472 0  
Sale of FHLB and Federal Reserve Bank stocks and equity securities 98,005 15,765  
Prepayments, calls, and maturities of AFS securities 176,266 79,746  
Prepayments, calls, and maturities of HTM securities 28,026 33,053  
Sales, prepayments, calls, and maturities of other assets 4,337 10,115  
Premises, equipment, and software (8,500) (13,898)  
Net change in tax credit and alternative investments (2,409) (7,033)  
Net cash (used in) investing activities (275,320) (1,076,322)  
Cash flows from financing activities      
Net increase in deposits 267,109 695,723  
Net increase (decrease) in short-term funding 438,891 (379,329)  
Net (decrease) increase in short-term FHLB advances (602,000) 660,000  
Repayment of long-term FHLB advances (664) (507)  
Proceeds from long-term FHLB advances 619 115  
Proceeds from issuance of long-term funding 0 292,740  
(Repayment) of finance lease principal (22) (21)  
Proceeds from issuance of common stock for stock-based compensation plans 3,910 1,766  
Cash dividends on common stock (33,527) (32,013)  
Cash dividends on preferred stock (2,875) (2,875)  
Net cash provided by financing activities 48,580 1,230,238  
Net (decrease) increase in cash and cash equivalents (72,239) 201,385  
Cash and cash equivalents at beginning of period 923,823 621,455 $ 621,455
Cash and cash equivalents at end of period(a) 851,583 822,840 923,823
Supplemental disclosures of cash flow information      
Cash paid for interest 249,660 153,760  
Cash paid for income and franchise taxes 1,995 1,086  
Loans and bank premises transferred to OREO 577 3,599  
Capitalized mortgage servicing rights 877 474 $ 3,564
Loans transferred (from) into held for sale from (into) portfolio, net (86,096) 94  
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax (16,326) 10,331  
Board Authorized Purchase Program [Member]      
Cash flows from financing activities      
Purchase of treasury stock, open market purchases (18,289) 0  
Other Assets [Member]      
Supplemental disclosures of cash flow information      
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge 2,708 (341)  
Other Liabilities [Member]      
Supplemental disclosures of cash flow information      
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge 10,210 (10,724)  
Performance/Service Based RSAs, RSA,      
Cash flows from financing activities      
Purchase of treasury stock, open market purchases (4,572) (5,362)  
Retained Earnings [Member]      
Cash flows from operating activities      
Net income $ 81,169 $ 103,360