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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 703,701 $ 505,624 $ 431,677
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 139,499 149,822 137,578
Accretion of discount and amortization of premiums, net (20,572) (7,260) (26,024)
Stock compensation costs 30,937 24,657 22,102
Deferred income tax (benefit) expense (16,470) 33,856 26,966
Provision for credit losses 64,255 46,266 27,479
Net gains on sales of loans (6,590) (8,870) (6,085)
Net gains on sales of available-for-sale investment securities (2,535)    
Net gains on sales of available-for-sale investment securities   (8,037) (10,362)
Net gains on sales of fixed assets (6,683) (77,388) (3,178)
Net gain on sale of business (31,470) (3,807) 0
Loans held-for-sale:      
Originations and purchases (20,176) (20,521) (18,804)
Proceeds from sales and paydowns/payoffs of loans originally classified as held-for-sale 20,068 21,363 23,749
Proceeds from distributions received from equity method investees 3,761 3,582 4,690
Net change in accrued interest receivable and other assets (60,791) 45,354 23,205
Net change in other liabilities 88,070 (1,965) 15,354
Other net operating activities (1,832) 599 1,836
Total adjustments 179,471 197,651 218,506
Net cash provided by operating activities 883,172 703,275 650,183
Net (increase) decrease in:      
Investments in qualified affordable housing partnerships, tax credit and other investments (132,605) (173,630) (100,514)
Interest-bearing deposits with banks 4,212 (63,096) (38,249)
Resale agreements:      
Proceeds from paydowns and maturities 175,000 1,250,000 1,500,000
Purchases (160,000) (600,000) (1,550,000)
Available-for-sale investment securities:      
Proceeds from sales 364,270    
Proceeds from sales   832,844 1,275,645
Proceeds from repayments, maturities and redemptions 742,132    
Proceeds from repayments, maturities and redemptions   413,593 1,503,127
Purchases (888,673)    
Purchases   (828,604) (2,396,199)
Loans held-for-investment:      
Proceeds from sales of loans originally classified as held-for-investment 483,948 566,688 661,025
Purchases (597,112) (534,816) (1,142,054)
Other changes in loans held-for-investment, net (3,313,382) (3,514,786) (1,549,736)
Premises and equipment:      
Proceeds from sales 1,638 119,749 8,163
Purchases (13,787) (13,754) (12,181)
Sales of businesses, net of cash transferred:      
Proceeds 0 3,633 0
Payments 503,687 0 0
Proceeds from sales of other real estate owned (“OREO”) 4,484 6,999 7,408
Proceeds from distributions received from equity method investees 5,185 8,387 7,964
Other net investing activities (4,035) 19,969 25,515
Net cash provided by (used in) investing activities (3,832,412) (2,506,824) (1,800,086)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 3,903,192 2,272,500 2,452,870
Net increase (decrease) in short-term borrowings 61,392 (61,560) 62,506
Repayment of FHLB advances 0 0 (700,000)
Repayment of long-term debt (25,000) (15,000) (20,000)
Common stock:      
Proceeds from issuance pursuant to various stock compensation plans and agreements 2,846 2,280 2,081
Stocks tendered for payment of withholding taxes (15,634) (12,940) (3,225)
Cash dividends paid (125,988) (116,820) (115,828)
Other net financing activities 0 0 1,055
Net cash provided by (used in) by financing activities 3,800,808 2,068,460 1,679,459
Effect of exchange rate changes on cash and cash equivalents (24,783) 31,178 (11,940)
NET INCREASE IN CASH AND CASH EQUIVALENTS 826,785 296,089 517,616
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 2,174,592 1,878,503 1,360,887
CASH AND CASH EQUIVALENTS, END OF YEAR 3,001,377 2,174,592 1,878,503
Cash paid during the year for:      
Interest 253,026 138,766 104,251
Income taxes, net 85,872 98,126 39,478
Noncash investing and financing activities:      
Loans transferred from held-for-investment to held-for-sale [1] 481,593 613,088 819,100
Loans transferred from held-for-sale to held-for-investment 2,306 0 4,943
Deposits transferred to branch liability held-for-sale 0 605,111 0
Investment security transferred from held-to-maturity to available-for-sale 0 115,615 0
Held-to-maturity investment security retained from securitization of loans 0 0 160,135
Premises and equipment transferred to branch assets held-for-sale 0 8,043 0
Loans transferred to OREO $ 1,206 $ 777 $ 8,083
[1] December 31, 2017 amount includes loans transferred from held-for-investment to branch assets held-for-sale.