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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 320,943 $ 292,872
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98,561 52,810
Accretion of discount and amortization of premiums, net (37,881) (47,890)
Changes in FDIC indemnification asset and receivable/payable 0 18,973
Stock compensation costs 13,973 11,702
Deferred tax expenses 3,730 118,079
Tax benefit from stock compensation plans, net (1,019) (3,227)
Provision for credit losses 17,018 16,217
Net gains on sales of loans (6,967) (19,719)
Net gains on sales of available-for-sale investment securities (8,468) (26,994)
Net gains on sales of premises and equipment and OREO (3,300) (13,350)
Originations and purchases of loans held-for-sale (10,901) (623)
Proceeds from sales and paydowns/payoffs in loans held-for-sale 15,065 2,232
Repurchase agreements’ extinguishment costs 0 21,818
Net payments to FDIC shared-loss agreements 0 (12,038)
Net change in accrued interest receivable and other assets (1,570) (28,957)
Net change in accrued expenses and other liabilities 19,217 39,157
Other net operating activities (797) 525
Total adjustments 96,661 128,715
Net cash provided by operating activities 417,604 421,587
Net (increase) decrease in:    
Loans held-for-investment (317,142) (1,873,612)
Short-term investments (13,469) 75,940
Investments in qualified affordable housing partnerships, tax credit and other investments (57,742) (48,204)
Purchases of:    
Resale agreements (1,150,000) (1,645,000)
Available-for-sale investment securities (1,330,724) (2,190,503)
Loans held-for-investment (including loan participations) (1,497,218) (572,558)
Proceeds from sales of:    
Available-for-sale investment securities 1,008,256 1,328,487
Loans held-for-investment (including loan participations) 545,256 1,271,128
OREO 3,271 33,921
Paydowns and maturities of resale agreements 1,450,000 1,370,000
Repayments, maturities and redemptions of available-for-sale investment securities 870,965 558,669
Other net investing activities 15,278 14,736
Net cash used in investing activities (473,269) (1,676,996)
Net increase in:    
Deposits 1,130,022 2,765,985
Short-term borrowings 37,699 3,271
Proceeds from:    
Issuance of common stock pursuant to various stock compensation plans and agreements 1,962 1,769
Payments for:    
Repayment of FHLB advances (700,000) 0
Repayment of long-term debt (15,000) (15,000)
Extinguishment of repurchase agreements 0 (566,818)
Repurchase of vested shares due to employee tax liability (3,144) (5,859)
Cash dividends (86,984) (86,850)
Tax benefit from stock compensation plans, net 1,019 3,227
Net cash provided by financing activities 365,574 2,099,725
Effect of exchange rate changes on cash and cash equivalents (3,964) (8,498)
NET INCREASE IN CASH AND CASH EQUIVALENTS 305,945 835,818
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,360,887 1,039,885
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,666,832 1,875,703
Cash paid (received) during the period for:    
Interest 76,750 81,739
Income tax payments/(refunds), net 20,652 (20,367)
Noncash investing and financing activities:    
Loans held-for-investment transferred to loans held-for-sale, net 720,670 1,556,456
Transfers to OREO 6,086 8,059
Loans to facilitate sale of OREO 0 1,750
Held-to-maturity investment security retained from securitization of loans 160,135 0
Dividends payable $ 432 $ 250