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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 359,381 $ 288,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62,329 79,166
Accretion of discount and amortization of premiums, net (9,910) (13,348)
Stock compensation costs 13,215 10,115
Deferred income tax expense 1,320 3,699
Provision for credit losses 35,754 17,753
Net gains on sales of loans (3,936) (4,300)
Net gains on sales of available-for-sale investment securities (2,339) (5,194)
Net gains on sales of premises and equipment (2,200) (73,049)
Net gain on sale of business (31,470) 0
Originations and purchases of loans held-for-sale (11,547) (9,806)
Proceeds from sales and paydowns/payoffs in loans held-for-sale 10,759 9,984
Proceeds from distributions received from equity method investees 1,814 1,185
Net change in accrued interest receivable and other assets (32,226) 94,438
Net change in accrued expenses and other liabilities 44,016 (14,986)
Other net operating activities (93) (733)
Total adjustments 75,486 94,924
Net cash provided by operating activities 434,867 382,990
Net (increase) decrease in:    
Loans held-for-investment (1,147,156) (1,660,828)
Interest-bearing deposits with banks 28,525 31,060
Investments in qualified affordable housing partnerships, tax credit and other investments (41,444) (73,286)
Payment for sale of business, net of cash transferred (503,687) 0
Purchases of:    
Resale agreements (100,000) (550,000)
Available-for-sale investment securities (235,360) (272,698)
Loans held-for-investment (389,912) (368,698)
Premises and equipment (7,612) (4,990)
Proceeds from sale of:    
Available-for-sale investment securities 256,875 551,889
Loans held-for-investment 274,785 361,380
Other real estate owned (“OREO”) 3,595 5,298
Premises and equipment 0 116,021
Paydowns and maturities of resale agreements 175,000 950,000
Proceeds from distributions received from equity method investees 1,725 2,634
Repayments, maturities and redemptions of available-for-sale investment securities 211,303 244,770
Other net investing activities (2,200) 21,005
Net cash used in investing activities (1,475,563) (646,443)
Net (increase) decrease in:    
Deposits 1,195,796 1,245,282
Short-term borrowings 59,895 (36,521)
Proceeds from:    
Issuance of common stock pursuant to various stock compensation plans and agreements 1,328 1,008
Payments for:    
Repayment of long-term debt (10,000) (10,000)
Repurchase of vested shares due to employee tax liability (15,161) (12,259)
Cash dividends on common stock (59,243) (58,949)
Net cash provided by financing activities 1,172,615 1,128,561
Effect of exchange rate changes on cash and cash equivalents (9,040) 8,865
NET INCREASE IN CASH AND CASH EQUIVALENTS 122,879 873,973
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2,174,592 1,878,503
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,297,471 2,752,476
Cash paid during the period for:    
Interest paid 99,176 63,416
Income taxes paid, net 67,431 14,799
Noncash investing and financing activities:    
Loans transferred from held-for-investment to held-for-sale $ 285,631 $ 343,977