XML 27 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 112,116 $ 223,642
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization and accretion, net (20,102) (30,550)
Provision for credit losses 180,074 9,373
Gain on sale of loans, net (10,745) (10,220)
Gain on investment securities, net (10,564) (13,736)
Equity based compensation 12,286 16,967
Depreciation and amortization 54,377 53,105
Deferred income taxes (27,304) 22,278
Gain (Loss) on Extinguishment of Debt   3,796
Proceeds from sale of loans held for sale 498,431 317,027
Loans originated for sale, net of repayments (21,780) (68,665)
Other:    
Decrease in other assets 2,509 20,288
Decrease in other liabilities (134,363) (131,066)
Net cash provided by operating activities 634,935 412,239
Net Cash Provided by (Used in) Investing Activities [Abstract]    
Purchase of investment securities (3,356,639) (3,176,833)
Proceeds from repayments and calls of investment securities 912,403 1,057,043
Proceeds from sale of investment securities 930,757 2,297,121
Purchase of non-marketable equity securities (134,938) (319,387)
Proceeds from redemption of non-marketable equity securities 179,988 313,650
Purchases of loans (2,082,695) (1,636,932)
Loan originations, repayments and resolutions, net 1,000,352 332,246
Proceeds from sale of loans, net 11,604 205,869
Acquisition of operating lease equipment (19,597) (38,312)
Other investing activities (12,328) (27,005)
Net cash used in investing activities (2,571,093) (992,540)
Cash flows from financing activities:    
Net increase in deposits 2,202,619 482,205
Net increase in federal funds purchased 80,000 0
Additions to Federal Home Loan Bank advances 4,281,960 3,962,000
Repayments of Federal Home Loan Bank advances (4,647,310) (3,827,000)
Proceeds from Issuance of Subordinated Long-term Debt 293,858 0
Dividends paid (64,611) (63,558)
Repurchase of common stock (100,972) (150,000)
Other financing activities 45,717 24,809
Net cash provided by financing activities 2,091,261 428,456
Net (decrease) increase in cash and cash equivalents 155,103 (151,845)
Cash and cash equivalents, beginning of period 214,673 382,073
Cash and cash equivalents, end of period 369,776 230,228
Supplemental Cash Flow Information [Abstract]    
Interest paid 268,970 391,691
Income taxes (refunded) paid, net 5,944 (264)
Supplemental schedule of non-cash investing and financing activities:    
Transfers from loans to other real estate owned and other repossessed assets 4,170 3,211
Transfers from loans to loans held for sale 451,864 439,525
Transfer of Loans Held-for-sale to Portfolio Loans 9,055 19,716
Dividends declared, not paid 21,910 20,524
Noncash or Part Noncash Acquisition, Investments Acquired $ 10,339 $ 88,331