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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES:      
Net income $ 485,177 $ 500,020 $ 540,590
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for loan losses 35,451 28,071 (66,326)
Provision for depreciation and amortization 49,513 46,856 44,866
Amortization of investment security premiums, net 17,666 18,805 66,934
Deferred income tax (benefit) expense (7,399) 21,716 25,613
Investment securities (gains) losses, net [1] (14,985) (20,506) (30,059)
Net gains on sales of loans held for sale (1,026) (2,660) (22,641)
Proceeds from sales of loans held for sale 58,946 123,656 576,864
Origination Of Loans Held For Sale (57,424) (118,850) (524,597)
Net (increase) decrease in trading securities 28,478 4,152 (29,885)
Purchase of interest rate floor (54,449) (35,799) 0
Stock-based compensation 17,052 16,995 15,415
(Increase) decrease in interest receivable (5,986) (28,439) 19,788
Increase (decrease) in interest payable 46,650 3,054 (3,179)
Increase (decrease) in income taxes payable 4,586 (12,936) (5,175)
Other changes, net (113,481) 15,250 (10,486)
Net cash provided by (used in) operating activities 488,769 559,385 597,722
INVESTING ACTIVITIES      
Payments to Acquire Businesses, Net of Cash Acquired (6,365) 0 0
Proceeds from Equity Method Investment, Distribution, Return of Capital 1,434 400 13,540
Proceeds from sales of investment securities [1] 1,141,949 106,971 80,811
Proceeds from maturities/pay downs of investment securities [1] 1,935,552 2,691,260 3,459,106
Purchases of investment securities [1] (246,286) (2,147,862) (5,947,891)
Net (increase) decrease in loans (933,736) (1,146,292) 1,134,533
Securities purchased under agreements to resell 0 (200,000) (900,000)
Repayments of securities purchased under agreements to resell 375,000 1,000,000 125,000
Purchases of land, buildings and equipment (88,074) (65,191) (56,716)
Sales of land, buildings and equipment 4,358 2,985 8,859
Net cash provided by (used in) investing activities 2,183,832 242,271 (2,082,758)
FINANCING ACTIVITIES      
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits (2,612,412) (3,254,081) 3,291,466
Net increase (decrease) in time open and C.D.’s 1,881,587 (448,511) (402,077)
Net increase (decrease) in short-term federal funds purchased and securities sold under agreements to repurchase 67,081 (181,233) 924,584
FHLB short-term borrowings 2,250,000 0 0
Repayments of FHLB borrowings (2,250,000) 0 0
Net increase (decrease) in other borrowings (8,268) (2,888) 11,758
Purchases of treasury stock (76,370) (186,622) (129,361)
Cash dividends paid on common stock (134,734) (127,466) (122,693)
Other, net (3) (8) (15)
Net cash provided by (used in) financing activities (883,119) (4,200,809) 3,573,662
Increase (decrease) in cash and cash equivalents 1,789,482 (3,399,153) 2,088,626
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Year 897,801 4,296,954 2,208,328
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Year 2,687,283 897,801 4,296,954
Supplemental Cash Flow Information:      
Income tax payments, net 130,957 116,995 119,665
Interest paid on deposits and borrowings 336,512 53,740 16,045
Loans transferred to foreclosed real estate $ 322 $ 457 $ 182
[1] Available for sale debt securities, equity securities, and other securities.