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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES:    
Net income $ 120,553 $ 120,026
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 11,456 (9,858)
Provision for depreciation and amortization 11,565 11,811
Amortization of investment security premiums, net 7,654 4,932
Investment securities (gains) losses, net (A) [1] 306 (7,163)
Net (gains) losses on sales of loans held for sale (137) (1,302)
Originations of loans held for sale (9,931) (57,580)
Proceeds from sales of loans held for sale 8,850 57,789
Net (increase) decrease in trading debt securities, excluding unsettled transactions 11,548 9,798
Purchase of interest rate floor (25,900) 0
Stock-based compensation 4,373 4,218
(Increase) decrease in interest receivable (1,005) (7,972)
Increase (decrease) in interest payable 10,025 273
Increase (decrease) in income taxes payable 26,970 28,657
Other changes, net (60,270) (29,115)
Net cash provided by operating activities 116,057 124,514
INVESTING ACTIVITIES:    
Distributions received from equity-method investment 1,434 400
Cash proceeds from sales of investment securities [1] 840,435 1,745
Proceeds from maturities/pay downs of investment securities (A) [1] 474,220 805,355
Purchases of investment securities (A) [1] (168,584) (1,812,434)
Net (increase) decrease in loans (239,230) (287,328)
Securities purchased under agreements to resell 0 (200,000)
Purchases of premises and equipment (20,044) (15,597)
Sales of premises and equipment 6 175
Net cash provided by (used in) investing activities 888,237 (1,507,684)
FINANCING ACTIVITIES:    
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits (2,137,278) (208,358)
Net increase (decrease) in certificates of deposit 584,382 (303,277)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (57,175) (705,506)
Net increase (decrease) in other borrowings 1,498,104 (3,503)
Purchases of treasury stock (36,245) (55,855)
Issuance of stock under equity compensation plans 0 448
Cash dividends paid on common stock (33,759) (32,143)
Net cash used in financing activities (181,971) (1,308,194)
Increase (decrease) in cash, cash equivalents and restricted cash 822,323 (2,691,364)
Cash, cash equivalents and restricted cash at beginning of year 897,801 4,296,954
Cash, cash equivalents and restricted cash at March 31 1,720,124 1,605,590
Supplemental Cash Flow Information:    
Income tax payments, net 3,857 1,640
Interest paid on deposits and borrowings 47,209 2,723
Loans transferred to foreclosed real estate $ 72 $ 25
[1] Available for sale debt securities, equity securities, and other securities.