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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES:      
Net income $ 500,020 $ 540,590 $ 353,885
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 28,071 (66,326) 137,190
Provision for depreciation and amortization 46,856 44,866 43,769
Amortization of investment security premiums, net 18,805 66,934 59,863
Deferred income tax (benefit) expense 21,716 25,613 (19,540)
Investment securities (gains) losses, net [1] (20,506) (30,059) (11,032)
Net gains on sales of loans held for sale (2,660) (22,641) (16,406)
Proceeds from sales of loans held for sale 123,656 576,864 297,267
Origination Of Loans Held For Sale (118,850) (524,597) (313,329)
Net (increase) decrease in trading securities 4,152 (29,885) (770)
Purchase of interest rate floor (35,799) 0 0
Stock-based compensation 16,995 15,415 14,915
(Increase) decrease in interest receivable (28,439) 19,788 (13,399)
Increase (decrease) in interest payable 3,054 (3,179) (9,444)
Increase (decrease) in income taxes payable (12,936) (5,175) 12,345
Proceeds From the Termination of Interest Rate Floors 0 0 156,740
Other changes, net 15,250 (10,486) (68,062)
Net cash provided by (used in) operating activities 559,385 597,722 623,992
INVESTING ACTIVITIES      
Proceeds from Equity Method Investment, Distribution, Return of Capital 400 13,540 0
Proceeds from sales of available for sale securities [1] 106,971 80,811 602,477
Proceeds from maturities/pay downs of available for sale securities [1] 2,691,260 3,459,106 2,673,510
Purchases of available for sale securities [1] (2,147,862) (5,947,891) (6,991,460)
Net (increase) decrease in loans (1,146,292) 1,134,533 (1,643,775)
Repayments of long-term securities purchased under agreements to resell (200,000) (900,000) 0
Proceeds from Securities Purchased under Agreements to Resell 1,000,000 125,000 0
Purchases of land, buildings and equipment (65,191) (56,716) (33,134)
Sales of land, buildings and equipment 2,985 8,859 1,878
Net cash provided by (used in) investing activities 242,271 (2,082,758) (5,390,504)
FINANCING ACTIVITIES      
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits (3,254,081) 3,291,466 6,316,100
Net increase (decrease) in time open and C.D.’s (448,511) (402,077) (163,321)
Net increase (decrease) in short-term federal funds purchased and securities sold under agreements to repurchase (181,233) 924,584 247,611
Net Increase (Decrease) in Short-Term Borrowings (2,888) 11,758 (1,616)
Payments for Repurchase of Redeemable Preferred Stock 0 0 (150,000)
Purchases of treasury stock (186,622) (129,361) (54,163)
Issuance of stock under equity compensation plans (8) (15) (11)
Cash dividends paid on common stock (127,466) (122,693) (120,818)
Cash dividends paid on preferred stock 0 0 (6,750)
Net cash provided by (used in) financing activities (4,200,809) 3,573,662 6,067,032
Increase (decrease) in cash and cash equivalents (3,399,153) 2,088,626 1,300,520
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Year 4,296,954 2,208,328 907,808
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Year 897,801 4,296,954 2,208,328
Supplemental Cash Flow Information:      
Income tax payments, net 116,995 119,665 90,066
Interest paid on deposits and borrowings 53,740 16,045 52,245
Loans transferred to foreclosed real estate $ 457 $ 182 $ 93
[1] Available for sale debt securities, equity securities, and other securities.