XML 18 R8.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES:    
Net income $ 115,452 $ 120,553
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 4,787 11,456
Provision for depreciation and amortization 13,269 11,565
Amortization of investment security premiums, net 3,905 7,654
Investment securities (gains) losses, net (A) [1] 259 306
Net (gains) losses on sales of loans held for sale (328) (137)
Originations of loans held for sale (15,914) (9,931)
Proceeds from sales of loans held for sale 18,007 8,850
Net (increase) decrease in trading debt securities, excluding unsettled transactions (40,529) 11,548
Purchase of interest rate floor 0 (25,900)
Stock-based compensation 4,266 4,373
(Increase) decrease in interest receivable 561 (1,005)
Increase (decrease) in interest payable (286) 10,025
Increase (decrease) in income taxes payable 28,750 26,970
Other changes, net 3,277 (60,270)
Net cash provided by (used in) operating activities 135,476 116,057
INVESTING ACTIVITIES:    
Distributions received from equity-method investment 0 1,434
Proceeds from sales of investment securities (A) [1] 10,250 840,435
Proceeds from maturities/pay downs of investment securities (A) [1] 571,764 474,220
Purchases of investment securities (A) [1] (155,475) (168,584)
Net (increase) decrease in loans (102,295) (239,230)
Securities purchased under agreements to resell (100,000) 0
Repayments of securities purchased under agreements to resell 325,000 0
Purchases of premises and equipment (10,998) (20,044)
Sales of premises and equipment 2,671 6
Net cash provided by (used in) investing activities 540,917 888,237
FINANCING ACTIVITIES:    
Net increase (decrease) in non-interest bearing, savings, interest checking and money market deposits (571,329) (2,137,278)
Net increase (decrease) in certificates of deposit (412,170) 584,382
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase (403,239) (57,175)
Net increase (decrease) in other borrowings 955 1,498,104
Purchases of treasury stock (42,028) (36,245)
Cash dividends paid on common stock (35,140) (33,759)
Net cash provided by (used in) financing activities (1,462,951) (181,971)
Increase (decrease) in cash, cash equivalents and restricted cash (786,558) 822,323
Cash, cash equivalents and restricted cash at beginning of year 2,687,283 897,801
Cash, cash equivalents and restricted cash at March 31 1,900,725 1,720,124
Supplemental Cash Flow Information:    
Income tax payments, net 1,029 3,857
Interest paid on deposits and borrowings 110,008 47,209
Loans transferred to foreclosed real estate $ 57 $ 72
[1] Available for sale debt securities, equity securities, and other securities.