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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES:    
Net income $ 366,366 $ 425,232
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 12,594 (59,272)
Provision for depreciation and amortization 35,350 33,554
Amortization of investment security premiums, net 8,565 51,822
Investment securities gains, net (A) [1] (11,602) (39,765)
Net gains on sales of loans held for sale (2,607) (18,849)
Originations of loans held for sale (114,765) (442,853)
Proceeds from sales of loans held for sale 116,421 485,231
Net (increase) decrease in trading debt securities, excluding unsettled transactions 14,080 (9,093)
Purchase of interest rate floor (16,849) 0
Stock-based compensation 12,641 11,588
(Increase) decrease in interest receivable (21,959) 11,449
Increase (decrease) in interest payable 1,097 (3,168)
Increase in income taxes payable 168 19,831
Other changes, net 70,285 20,418
Net cash provided by operating activities 469,785 486,125
INVESTING ACTIVITIES:    
Distributions received from equity-method investment 400 13,540
Cash proceeds from sales of investment securities [1] 55,690 10,060
Proceeds from maturities/pay downs of investment securities (A) [1] 2,079,939 2,571,116
Purchases of investment securities (A) [1] (1,951,694) (4,457,716)
Net (increase) decrease in loans (736,474) 1,166,769
Securities purchased under agreements to resell (200,000) (900,000)
Repayments of securities purchased under agreements to resell 550,000 0
Purchases of premises and equipment (46,636) (37,385)
Sales of premises and equipment 1,613 4,786
Net cash used in investing activities (247,162) (1,628,830)
FINANCING ACTIVITIES:    
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits (2,078,327) 1,428,561
Net decrease in certificates of deposit (454,376) (228,916)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (708,377) 155,370
Net increase (decrease) in other borrowings (10,729) 3,204
Purchases of treasury stock (163,321) (80,052)
Issuance of stock under equity compensation plans 447 (16)
Cash dividends paid on common stock (95,818) (92,204)
Net cash provided by (used in) financing activities (3,510,501) 1,185,947
Increase (decrease) in cash, cash equivalents and restricted cash (3,287,878) 43,242
Cash, cash equivalents and restricted cash at beginning of year 4,296,954 2,208,328
Cash, cash equivalents and restricted cash at September 30 1,009,076 2,251,570
Supplemental Cash Flow Information:    
Income tax payments, net 92,646 87,989
Interest paid on deposits and borrowings 23,961 13,213
Loans transferred to foreclosed real estate $ 457 $ 172
[1] Available for sale debt securities, equity securities, and other securities.