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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income $ 540,590 $ 353,885 $ 422,712
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses (66,326) 137,190 50,438
Provision for depreciation and amortization 44,866 43,769 41,145
Amortization of investment security premiums, net 66,934 59,863 27,631
Deferred income tax (benefit) expense 25,613 (19,540) 14,195
Investment securities (gains) losses, net [1] (30,059) (11,032) (3,626)
Net gains on sales of loans held for sale (22,641) (16,406) (10,127)
Proceeds from sales of loans held for sale 576,864 297,267 259,153
Origination Of Loans Held For Sale (524,597) (313,329) (244,976)
Net (increase) decrease in trading securities (29,885) (770) 3,863
Stock-based compensation 15,415 14,915 13,854
(Increase) decrease in interest receivable 19,788 (13,399) 3,316
Increase (decrease) in interest payable (3,179) (9,444) 5,586
Increase (decrease) in income taxes payable (5,175) 12,345 14,465
Gain on sale of Corporate Trust business 0 0 (11,472)
Proceeds From the Termination of Interest Rate Floors 0 156,740 0
Other changes, net (10,486) (68,062) (73,363)
Net cash provided by (used in) operating activities 597,722 623,992 512,794
INVESTING ACTIVITIES      
Proceeds from Equity Method Investment, Distribution, Return of Capital 13,540 0 0
Proceeds from sales of available for sale securities [1] 80,811 602,477 413,203
Proceeds from maturities/pay downs of available for sale securities [1] 3,459,106 2,673,510 1,558,244
Purchases of available for sale securities [1] (5,947,891) (6,991,460) (1,863,180)
Net (increase) decrease in loans 1,134,533 (1,643,775) (647,890)
Repayments of long-term securities purchased under agreements to resell (900,000) 0 (150,000)
Proceeds from Securities Purchased under Agreements to Resell 125,000 0 0
Purchases of land, buildings and equipment (56,716) (33,134) (42,575)
Sales of land, buildings and equipment 8,859 1,878 2,033
Net cash provided by (used in) investing activities (2,082,758) (5,390,504) (730,165)
FINANCING ACTIVITIES      
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits 3,291,466 6,316,100 85,438
Net increase (decrease) in time open and C.D.’s (402,077) (163,321) 349,890
Net increase (decrease) in short-term federal funds purchased and securities sold under agreements to repurchase 924,584 247,611 (105,617)
Net Increase (Decrease) in Short-Term Borrowings 11,758 (1,616) (6,394)
Payments for Repurchase of Redeemable Preferred Stock 0 (150,000) 0
Purchases of treasury stock (129,361) (54,163) (134,904)
Accelerated stock repurchase agreement 0 0 (150,000)
Issuance of stock under equity compensation plans (15) (11) (8)
Cash dividends paid on common stock (122,693) (120,818) (113,466)
Cash dividends paid on preferred stock 0 (6,750) (9,000)
Net cash provided by (used in) financing activities 3,573,662 6,067,032 (84,061)
Increase (decrease) in cash and cash equivalents 2,088,626 1,300,520 (301,432)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Year 2,208,328 907,808 1,209,240
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Year 4,296,954 2,208,328 907,808
Supplemental Cash Flow Information:      
Income tax payments, net 119,665 90,066 76,168
Interest paid on deposits and borrowings 16,045 52,245 97,806
Loans transferred to foreclosed real estate $ 182 $ 93 $ 581
[1] Available for sale debt securities, equity securities, and other securities.