XML 39 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 109,756 $ 95,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 11,034 21,795
Depreciation, amortization, and accretion, net 28,169 26,342
Deferred income tax expense 58,302 49,891
Decrease (increase) in trading account assets 1,891 (14,205)
Originations of mortgage loans held for sale (454,708) (347,327)
Proceeds from sales of mortgage loans held for sale 426,430 325,722
Gain on sales of mortgage loans held for sale, net (8,988) (6,522)
Increase in other assets (38,776) (8,924)
(Decrease) increase in other liabilities (34,914) 1,955
Investment securities gains, net (2,710) (1,331)
Losses and write-downs on other real estate, net 11,066 8,229
Share-based compensation expense 6,271 4,698
Write-downs on other assets held for sale 0 7,508
Gain on sale of Memphis branches, net 0 (5,789)
Gain on sale of branch property 0 (3,116)
Net cash provided by operating activities 112,823 154,215
Investing Activities    
Net cash used in dispositions 0 (90,571)
Net (increase) decrease in interest earning deposits with banks (6,884) 16,664
Net decrease in federal funds sold and securities purchased under resale agreements 623 1,422
Net increase in interest bearing funds with Federal Reserve Bank (567,843) (44,756)
Proceeds from maturities and principal collections of investment securities available for sale 314,239 245,108
Proceeds from sales of investment securities available for sale 82,156 20,815
Purchases of investment securities available for sale (686,074) (111,505)
Proceeds from sales of loans and principal repayments on other loans held for sale 21,866 37,300
Proceeds from sale of other real estate 19,348 28,147
Net increase in loans (445,124) (594,896)
Net increase in premises and equipment (8,805) (23,938)
Proceeds from sale of other assets held for sale 351 241
Net cash used in investing activities (1,276,147) (515,969)
Financing Activities    
Net increase in demand and savings deposits 1,039,670 208,039
Net increase in certificates of deposit 77,813 100,011
Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements 61,369 (20,292)
Principal repayments on long-term debt (425,078) (375,667)
Proceeds from issuance of long-term debt 425,000 600,000
Dividends paid to common shareholders (26,664) (19,460)
Dividends paid to preferred shareholders (5,119) (5,119)
Stock options exercised 3,271 1,304
Repurchases of common stock (109,570) 0
Excess tax benefit from share-based compensation 2,378 201
Restricted stock activity (4,403) (468)
Net cash provided by financing activities 1,038,667 488,549
(Decrease) increase in cash and cash equivalents (124,657) 126,795
Cash and cash equivalents at beginning of period 485,489 469,630
Cash and cash equivalents at end of period 360,832 596,425
Supplemental Cash Flow Information    
Income tax payments (refunds), net 8,751 4,530
Interest paid 55,747 56,657
Non-cash Investing Activities:    
Premises and equipment transferred to other assets held for sale 939 13,037
Loans foreclosed and transferred to other real estate 11,391 25,280
Loans transferred to other loans held for sale at fair value 19,459 31,605
Securities purchased during the period but settled after period-end 47,159 0
Dispositions:    
Fair value of non-cash assets sold 0 (100,982)
Fair value of liabilities sold $ 0 $ (191,553)