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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 164,024 $ 187,032
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,498 29,858
Accretion of discount and amortization of premiums, net (4,414) (2,680)
Stock compensation costs 7,444 6,158
Deferred income tax (benefit) expense (406) 677
Provision for credit losses 22,579 20,218
Net gains on sales of loans (915) (1,582)
Net gains on sales of available-for-sale investment securities (1,561) (2,129)
Net gains on sales of fixed assets 0 (1,086)
Net gain on sale of business 0 (31,470)
Loans held-for-sale:    
Originations and purchases (2,167) (4,617)
Proceeds from sales and paydowns/payoffs of loans originally classified as held-for-sale 2,454 2,545
Proceeds from distributions received from equity method investees 1,150 887
Net change in accrued interest receivable and other assets (27,639) 14,465
Net change in accrued expenses and other liabilities (60,806) (570)
Other net operating activities 0 148
Total adjustments (24,783) 30,822
Net cash provided by operating activities 139,241 217,854
Net (increase) decrease in:    
Investments in qualified affordable housing partnerships, tax credit and other investments (33,261) (22,799)
Interest-bearing deposits with banks 245,375 (71,203)
Available-for-sale investment securities:    
Proceeds from sales 151,339 214,790
Proceeds from repayments, maturities and redemptions 55,712 87,677
Purchases (69,805) (157,933)
Loans held-for-investment:    
Proceeds from sales of loans originally classified as held-for-investment 92,887 112,964
Purchases (147,938) (80,077)
Other changes in loans held-for-investment, net (409,930) (619,671)
Premises and equipment:    
Purchases (3,336) (1,757)
Payment on sale of business, net of cash transferred 0 (503,687)
Proceeds from sales of other real estate owned (“OREO”) 0 2,716
Proceeds from distributions received from equity method investees 1,005 629
Other net investing activities (729) (1,967)
Net cash used in investing activities (118,681) (1,040,318)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 800,053 964,380
Net (decrease) increase in short-term borrowings (19,514) 30,215
Proceeds 300,000 0
Repayment (282,000) 0
Repayment of long-term debt and finance lease liabilities (217) (5,000)
Common stock:    
Stocks tendered for payment of withholding taxes (14,036) (14,946)
Cash dividends paid (34,916) (30,235)
Net cash provided by financing activities 749,370 944,414
Effect of exchange rate changes on cash and cash equivalents 14,018 18,396
NET INCREASE IN CASH AND CASH EQUIVALENTS 783,948 140,346
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,001,377 2,174,592
CASH AND CASH EQUIVALENTS, END OF PERIOD 3,785,325 2,314,938
Cash paid during the period for:    
Interest 97,930 43,218
Income taxes, net 303 10,084
Noncash investing and financing activities:    
Loans transferred from held-for-investment to held-for-sale $ 92,228 $ 155,767