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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 420,726 $ 320,943
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 123,008 98,561
Accretion of discount and amortization of premiums, net (19,237) (37,881)
Stock compensation costs 15,780 13,973
Deferred income tax (benefit) expense (14,500) 3,730
Provision for credit losses 30,749 17,018
Net gains on sales of loans (6,660) (6,965)
Net gains on sales of available-for-sale investment securities (6,733) (8,468)
Net gains on sales of premises and equipment (74,092) (2,916)
Net gain on sale of business (3,807) 0
Originations and purchases of loans held-for-sale (15,069) (10,901)
Proceeds from sales and paydowns/payoffs in loans held-for-sale 15,792 15,065
Net change in accrued interest receivable and other assets 105,729 (2,591)
Net change in accrued expenses and other liabilities 95,432 19,217
Other net operating activities (2,135) (1,181)
Total adjustments 244,257 96,661
Net cash provided by operating activities 664,983 417,604
Net increase in:    
Loans held-for-investment (2,967,873) (776,277)
Interest-bearing deposits with banks (74,254) (13,469)
Investments in qualified affordable housing partnerships, tax credit and other investments, net (121,590) (57,742)
Purchases of:    
Resale agreements (550,000) (1,150,000)
Available-for-sale investment securities (501,669) (1,330,724)
Loans held-for-investment (441,141) (1,038,083)
Premises and equipment (11,598) (10,412)
Proceeds from sale of:    
Available-for-sale investment securities 676,776 1,008,256
Loans held-for-investment 448,679 545,256
Other real estate owned (“OREO”) 5,431 3,271
Premises and equipment 116,021 8,163
Business, net of cash transferred 3,633 0
Paydowns and maturities of resale agreements 1,000,000 1,450,000
Repayments, maturities and redemptions of available-for-sale investment securities 323,463 870,965
Other net investing activities 27,914 17,527
Net cash used in investing activities (2,066,208) (473,269)
Net increase (decrease) in:    
Customer deposits 1,385,625 1,130,022
Short-term borrowings (36,604) 37,699
Proceeds from:    
Issuance of common stock pursuant to various stock compensation plans and agreements 1,008 1,962
Payments for:    
Repayment of FHLB advances 0 (700,000)
Repayment of long-term debt (10,000) (15,000)
Repurchase of vested shares due to employee tax liability (12,663) (3,144)
Cash dividends on common stock (87,880) (86,984)
Other net financing activities 0 1,019
Net cash provided by financing activities 1,239,486 365,574
Effect of exchange rate changes on cash and cash equivalents 19,985 (3,964)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (141,754) 305,945
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,878,503 1,360,887
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,736,749 1,666,832
Cash paid during the period for:    
Interest paid 98,409 76,750
Income taxes paid 11,800 20,652
Noncash investing and financing activities:    
Loans transferred from held-for-investment to held-for-sale 418,489 720,670
Investment security transferred from held-to-maturity to available-for-sale 115,615 0
Held-to-maturity investment security retained from securitization of loans 0 160,135
Loans transferred to OREO $ 456 $ 6,086