XML 81 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES:      
Net income $ 422,712 $ 438,214 $ 319,900
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 50,438 42,694 45,244
Provision for depreciation and amortization 41,145 38,679 39,732
Amortization of investment security premiums, net 27,631 26,224 35,423
Deferred income tax (benefit) expense 14,195 5,336 13,617
Investment securities (gains) losses, net [1] (3,626) 488 (25,051)
Net gains on sales of loans held for sale (10,127) (6,370) (8,008)
Proceeds from sales of loans held for sale 259,153 208,431 215,373
Origination Of Loans Held For Sale (244,976) (203,775) (216,064)
Net (increase) decrease in trading securities 3,863 (14,277) 7,585
Stock-based compensation 13,854 12,841 12,105
(Increase) decrease in interest receivable 3,316 (4,258) (4,459)
Increase (decrease) in interest payable 5,586 2,137 38
Increase (decrease) in income taxes payable 14,465 12,288 (27,685)
Donation of securities 0 0 32,036
Gain on sale of Corporate Trust business (11,472) 0 0
Other changes, net (73,363) (5,992) (13,259)
Net cash provided by (used in) operating activities 512,794 552,660 426,527
INVESTING ACTIVITIES      
Proceeds from sales of available for sale securities [1] 413,203 708,864 792,380
Proceeds from maturities/pay downs of available for sale securities [1] 1,558,244 1,510,985 1,899,640
Purchases of available for sale securities [1] (1,863,180) (2,090,333) (1,853,817)
Net (increase) decrease in loans (647,890) (200,673) (614,849)
Repayments of long-term securities purchased under agreements to resell (150,000) (100,000) (75,000)
Proceeds from Securities Purchased under Agreements to Resell 0 100,000 100,000
Purchases of land, buildings and equipment (42,575) (33,294) (30,824)
Sales of land, buildings and equipment 2,033 13,427 3,190
Net cash provided by (used in) investing activities (730,165) (91,024) 220,720
FINANCING ACTIVITIES      
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits 85,438 60,278 (15,036)
Net increase (decrease) in time open and C.D.’s 349,890 (108,742) (474,044)
Net increase (decrease) in short-term federal funds purchased and securities sold under agreements to repurchase (105,617) 449,251 (216,767)
Increase (decrease) in other borrowings (6,394) 6,944 (100,291)
Purchases of treasury stock (134,904) (75,231) (17,771)
Accelerated stock repurchase agreement 150,000 0 0
Issuance of stock under equity compensation plans (8) (10) (8)
Cash dividends paid on common stock (113,466) (100,238) (91,619)
Cash dividends paid on preferred stock (9,000) (9,000) (9,000)
Net cash provided by (used in) financing activities (84,061) 223,252 (924,536)
Increase (decrease) in cash and cash equivalents (301,432) 684,888 (277,289)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Year 1,209,240 524,352 801,641
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Year 907,808 1,209,240 524,352
Supplemental Cash Flow Information:      
Income tax payments, net 76,168 84,172 120,744
Interest paid on deposits and borrowings 97,806 63,239 43,690
Loans transferred to foreclosed real estate $ 581 $ 1,551 $ 2,063
[1] Available for sale debt securities, equity securities, and other securities.