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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income $ 180,055 $ 57,090
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 16,500 109,500
Net amortization (accretion) of premiums and discounts from acquisition 251 (176)
Depreciation and amortization 27,714 31,054
Amortization of debt issuance costs 225  
Deferred income tax expense (benefit) 825 (16,990)
Net increase in trading securities and other earning assets (19,006) (5,765)
Gains on investment securities, net (7,119) (8,099)
Gains on sales of assets (3,358) (1,767)
Amortization of securities premiums, net of discount accretion 29,373 19,986
Originations of loans held for sale (83,962) (298,732)
Gains on sales of loans held for sale, net (3,242) (810)
Proceeds from sales of loans held for sale 88,609 299,132
Equity-based compensation 9,304 6,702
Net tax benefit related to equity compensation plans 1,743 279
Changes in:    
Accrued income 4,501 (2,454)
Accrued expenses and taxes (61,192) 22,535
Other assets and liabilities, net (3,964) (109,842)
Net cash provided by operating activities 177,257 101,643
Securities held to maturity:    
Maturities, calls and principal repayments 110,262 59,010
Purchases (179,657) (57,838)
Securities available for sale:    
Sales 176,802 250,609
Maturities, calls and principal repayments 957,564 1,256,575
Purchases (2,322,572) (2,296,485)
Equity securities with readily determinable fair values:    
Sales 72,801  
Purchases (508)  
Equity securities without readily determinable fair values:    
Maturities, calls and principal repayments 2,499 6,792
Purchases (11,928) (4,213)
Payment on low-income housing tax credit investment commitments (5,695) (5,482)
Net increase in loans (846,915) (1,888,618)
Net decrease in fed funds sold and resell agreements 503,814 230,702
Net cash activity from acquisitions and divestitures 18,431 24
Net (increase) decrease in interest-bearing balances due from other financial institutions (29,066) 550
Purchases of premises and equipment (15,391) (35,361)
Proceeds from sales of premises and equipment 1,828 8,420
Purchases of bank-owned and company-owned life insurance (100,000)  
Proceeds from bank-owned and company-owned life insurance death benefit   1,474
Net cash used in investing activities (1,667,731) (2,473,841)
FINANCING ACTIVITIES    
Net increase in demand and savings deposits 3,195,002 3,290,366
Net decrease in time deposits (197,782) (434,206)
Net increase in fed funds purchased and repurchase agreements 467,892 67,186
Proceeds from short-term debt   15,000
Cash dividends paid (30,935) (30,040)
Proceeds from exercise of stock options and sales of treasury shares 14,425 2,779
Purchases of treasury stock (4,088) (59,459)
Net cash provided by financing activities 3,444,514 2,851,626
Increase in cash and cash equivalents 1,954,040 479,428
Cash and cash equivalents at beginning of period 3,497,566 1,669,170
Cash and cash equivalents at end of period 5,451,606 2,148,598
Supplemental disclosures:    
Income tax payments 48,003 17,399
Total interest payments 24,388 59,584
Noncash disclosures:    
Acquisition of low-income housing tax credit investments 12,622 47,172
Commitment to fund low-income housing tax credit investments $ 12,622 $ 47,172