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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Net income $ 88,334 $ 205,354
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 138,492 24,269
Provision for depreciation and amortization 21,320 20,297
Amortization of investment security premiums, net 25,665 12,825
Investment securities (gains) losses, net [1] 17,430 1,035
Net gains on sales of loans held for sale (1,826) (4,584)
Origination of loans held for sale (41,167) (108,306)
Proceeds from sales and repayments of held for sale 43,877 112,390
Net (increase) decrease in trading securities 5,249 3,587
Stock-based compensation 7,466 6,879
(Increase) decrease in interest receivable (3,672) 876
Increase (decrease) in interest payable (5,145) 4,421
Increase (decrease) in income taxes payable 12,842 23,590
Other changes, net (79,137) (50,899)
Net cash provided by (used in) operating activities 229,728 251,734
INVESTING ACTIVITIES:    
Proceeds from sales of investment securities (A) [1] 174,597 375,462
Proceeds from maturities/pay downs of investment securities (A) [1] 1,224,190 611,223
Purchases of investment securities [1] (2,648,074) (972,274)
Net (increase) decrease in loans (1,676,552) (143,629)
Purchases of land, buildings and equipment (13,677) (20,289)
Sales of land, buildings and equipment 21 1,477
Net cash provided by (used in) investing activities (2,939,495) (148,030)
FINANCING ACTIVITIES:    
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits 3,824,235 (1,080,769)
Net increase in certificates of deposit 25,701 443,799
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (110,334) 437,905
Repayment of long-term borrowings 0 (108)
Net Increase (Decrease) in Short-Term Borrowings (943) (4,194)
Purchases of treasury stock (53,593) (86,079)
Issuance of stock under equity compensation plans (27) (3)
Cash dividends paid on common stock (60,466) (57,540)
Cash dividends paid on preferred stock (4,500) (4,500)
Net cash provided by (used in) financing activities 3,620,073 (351,489)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease) 910,306 (247,785)
Cash, cash equivalents and restricted cash at beginning of year 907,808 1,209,240
Cash, cash equivalents and restricted cash at June 30 1,818,114 961,455
Supplemental Cash Flow Information:    
Income tax payments, net 4,833 26,042
Interest paid on deposits and borrowings 35,832 46,734
Loans transferred to foreclosed real estate $ 57 $ 558
[1] Available for sale debt securities, equity securities, and other securities.