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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:      
Net income $ 355,697 $ 343,166 $ 257,682
Adjustments to reconcile net income to net cash provided by operating activities      
Provision for credit losses 53,864 34,832 29,768
Depreciation, amortization and accretion, net 88,362 67,665 63,107
Deferred income tax expense 44,557 55,224 63,243
Stock-based compensation expense 11,304 13,496 12,858
Net amortization of premium on securities 6,605 7,411 6,098
Accretion of discounts on loans (26,624) (20,318) (22,784)
Mortgage servicing rights fair value change, net 35,536 5,370 1,857
Originations and purchases of mortgage loans held-for-sale (4,497,921) (3,955,438) (3,692,085)
Proceeds from sales of mortgage loans held-for-sale 4,484,838 4,076,887 3,869,137
BOLI income (4,846) (5,448) (3,524)
Decrease (increase) in trading securities, net 624 (697) 994
Net (increase) decrease in brokerage customer receivables (3,964) 13,822 (1,250)
Gains on mortgage loans sold (135,607) (104,998) (88,699)
(Gains) losses on investment securities, net, and dividend reinvestment on equity securities (3,525) 2,000 (45)
Losses (gains) on sales of premises and equipment, net 92 64 (192)
Net losses on sales and fair value adjustments of other real estate owned 1,921 4,664 639
Gain on termination of loss share agreements with the FDIC 0 0 (385)
Increase in accrued interest receivable and other assets, net (133,022) (133,519) (126,583)
(Decrease) increase in accrued interest payable and other liabilities, net (11,898) (27,001) 31,790
Net Cash Provided by Operating Activities 265,993 377,182 401,626
Investing Activities:      
Proceeds from maturities and calls of available-for-sale securities 718,345 352,683 276,097
Proceeds from maturities and calls of held-to-maturity securities 422,959 11,129 108,943
Proceeds from sales of available-for-sale securities 972,253 214,196 344,674
Proceeds from sales of equity securities with readily determinable fair value 19,200 1,895 0
Proceeds from sales and capital distributions of equity securities without readily determinable fair value 1,764 1,324 0
Purchases of available-for-sale securities (2,226,834) (1,095,375) (774,041)
Purchases of held-to-maturity securities (493,389) (253,129) (301,909)
Purchases of equity securities with readily determinable fair value (32,729) 0 0
Purchases of equity securities without readily determinable fair value (4,394) (4,592) 0
(Purchase) redemption of Federal Home Loan Bank and Federal Reserve Bank stock, net (9,385) (1,365) 43,505
Distributions from investments in partnerships, net 1,955 3,409 512
Net cash paid in business combinations (108,365) (53,871) (284)
Proceeds from sales of other real estate owned 14,516 19,375 18,742
Proceeds paid to the FDIC related to reimbursements on covered assets 0 0 (15,411)
Net increase in interest-bearing deposits with banks (983,513) (15,988) (81,621)
Net increase in loans (2,229,637) (1,883,354) (1,863,245)
Redemption of BOLI 326 8,438 0
Purchases of premises and equipment, net (82,021) (68,273) (59,194)
Net Cash Used for Investing Activities (4,018,949) (2,763,498) (2,303,232)
Financing Activities:      
Increase in deposit accounts 3,142,499 2,547,399 1,524,848
Increase (decrease) in other borrowings, net 15,480 137,257 (4,888)
Increase (decrease) in Federal Home Loan Bank advances, net 248,442 (147,999) 403,000
Cash payments to settle contingent consideration liabilities recognized in business combinations (66) 0 (1,097)
Proceeds from the issuance of subordinated notes, net 296,617 0 0
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and conversion of common stock warrants 10,667 15,903 28,229
Common stock repurchases for tax withholdings related to stock-based compensation (1,297) (648) (397)
Dividends paid (65,110) (50,987) (40,543)
Net Cash Provided by Financing Activities 3,647,232 2,500,925 1,909,152
Net (Decrease) Increase in Cash and Cash Equivalents (105,724) 114,609 7,546
Cash and Cash Equivalents at Beginning of Period 392,200 277,591 270,045
Cash and Cash Equivalents at End of Period 286,476 392,200 277,591
Cash paid during the year for:      
Interest 327,329 197,911 112,783
Income taxes, net 60,845 69,118 76,812
Business combinations and asset acquisitions:      
Fair value of assets acquired, including cash and cash equivalents 1,093,254 485,368 1,022
Value ascribed to goodwill and other intangible assets 80,581 109,548 999
Fair value of liabilities assumed 896,686 423,234 738
Non-cash activities      
Transfer to other real estate owned from loans 5,722 7,936 15,013
Common stock issued for acquisitions $ 71,756 $ 0 $ 0