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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net income $ 373,716 $ 366,366
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 29,572 12,594
Provision for depreciation and amortization 36,661 35,350
Amortization of investment security premiums, net 13,345 8,565
Investment securities (gains) losses, net (A) [1] (7,384) (11,602)
Net (gains) losses on sales of loans held for sale (705) (2,607)
Originations of loans held for sale (40,470) (114,765)
Proceeds from sales of loans held for sale 40,775 116,421
Net (increase) decrease in trading debt securities, excluding unsettled transactions 14,354 14,080
Purchase of interest rate floor (54,449) (16,849)
Stock-based compensation 12,594 12,641
(Increase) decrease in interest receivable (7,861) (21,959)
Increase (decrease) in interest payable 41,622 1,097
Increase (decrease) in income taxes payable (52) 168
Other changes, net (83,973) 70,285
Net cash provided by (used in) operating activities 367,745 469,785
INVESTING ACTIVITIES:    
Cash Paid in Acquisition, Net of Cash Received (6,365) 0
Distributions received from equity-method investment 1,434 400
Proceeds from sales of investment securities (A) [1] 1,141,949 55,690
Proceeds from maturities/pay downs of investment securities (A) [1] 1,315,175 2,079,939
Purchases of investment securities (A) [1] (190,637) (1,951,694)
Net (increase) decrease in loans (849,375) (736,474)
Securities purchased under agreements to resell 0 (200,000)
Repayments of securities purchased under agreements to resell 375,000 550,000
Purchases of premises and equipment (72,563) (46,636)
Sales of premises and equipment 3,751 1,613
Net cash provided by (used in) investing activities 1,718,369 (247,162)
FINANCING ACTIVITIES:    
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits (2,995,739) (2,078,327)
Net increase (decrease) in certificates of deposit 1,980,677 (454,376)
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (96,553) (708,377)
Proceeds from FHLBank Borrowings, Financing Activities 2,250,000 0
Payments of FHLBank Borrowings, Financing Activities (1,750,000) 0
Net increase (decrease) in other borrowings (6,083) (10,729)
Purchases of treasury stock (56,541) (163,321)
Cash dividends paid on common stock (101,160) (95,818)
Proceeds from (Payments for) Other Financing Activities 0 447
Net cash provided by (used in) financing activities (775,399) (3,510,501)
Increase (decrease) in cash, cash equivalents and restricted cash 1,310,715 (3,287,878)
Cash, cash equivalents and restricted cash at beginning of year 897,801 4,296,954
Cash, cash equivalents and restricted cash at September 30 2,208,516 1,009,076
Supplemental Cash Flow Information:    
Income tax payments, net 97,018 92,646
Interest paid on deposits and borrowings 227,352 23,961
Loans transferred to foreclosed real estate $ 133 $ 457
[1] Available for sale debt securities, equity securities, and other securities.